Green Exchange, PBC To Create First Dedicated “Green” Equities Exchange in the United States
Summary
Instead, they can dually list and enjoy the benefits of membership of both exchanges.Sustainable investors are looking to invest in companies that match their values, but dont have tools to measure the seriousness of a companys commitment to sustainability, said GIX CEO Daniel Labovitz. By agreeing to our listing standards, a company can credibly demonstrate its commitment to being green. Investors get the confidence that companies that do not meet their commitments can be delisted.The proposed GIX listing standards are a major accomplishment because they embed green thinking and a culture of green compliance directly into a companys core governance structures, said Richard Ketchum, former CEO of the Financial Industry Regulatory Authority (FINRA), and an advisor to GIX. That protects investors because it ensures that a companys green commitment is not superficial.Green Exchange, PBC has closed an initial round of investments from a consortium of green-minded investors looking to move the needle on environmental and sustainable investing and incentivize the adoption of clear standards for companies that want to be green. It will use the funds to expand its marketing and customer outreach, and to continue pursuing SEC registration.Green Exchange, PBC is a Delaware public benefit corporation that is committed to incentivizing companies to reduce the environmental costs and impacts of operations, establish sustainable corporate governance standards, and embed green behaviors and feedback into all levels of the company; educate investors regarding public companies commitments to green values as a core element of their mission; and amplify investors influence regarding public companies achieving green commitments.