August 2, 2022
Bulgarian Stock Exchange powers sustainability index with Refinitiv ESG metrics
SOFIA, BULGARIA – The Bulgarian Stock Exchange (BSE) announced today it has adopted Refinitiv’s Environment, Social and Governance (ESG) metrics to power its sustainability index set to be launched end of 2022.
Refinitiv, a London Stock Exchange Group business, will manage and provide data on the sustainable performance of BSE listed companies. Refinitiv’s ESG metrics will qualify the constituents of BSE’s ESG Index and maintain BSE’s planned sustainability index.
BSE will also allow Bulgarian publicly listed companies to provide their ESG data through Oxygen, a dedicated digital platform. The service was earlier launched by Financial Market Services, a BSE subsidiary.
Assoc. Prof. Manyu Moravenov, Chief Executive Officer of BSE, commented: “We are glad to partner with Refinitiv ahead of BSE’s ESG index launch. The new index will be built on solid metrics that are recognized with global expertise and a sound methodology. The step will enable Bulgarian public companies to improve their ESG performance in line with the global standards and contribute to Bulgaria’s sustainable economic development.”
Antonio De Gregorio, Managing Director, Central and Eastern Europe, Refinitiv, said: “We are proud to collaborate with BSE and support the launch of a new sustainability benchmark index in the country. As governments drive active sustainable economic agendas, ESG is a top priority for exchanges and companies. Our collaboration will provide a local benchmark to measure ESG performance and allow corporates to deliver against a long term sustainable economic program in Bulgaria.”
In 2020, Refinitiv debuted Fund ESG Scores to facilitate industry transition to sustainable investing, followed by Refinitiv Deals Intelligence Sustainable Finance League Table Rankings – the first and only rankings to combine both sustainable products and sustainable companies resulting in the market’s most comprehensive sustainable league tables. As members of the UN Global Compact, Refinitiv is part of a community of 9,000+ businesses across 135 countries that are committed to operating with responsible business practices at its core.
Bulgarian Stock Exchange is licensed to operate as a stock exchange on 09.10.1997. The scope of activities of the company includes the organization of trading of securities and other financial instruments; organizing and maintaining an information system for securities trading. More information about BSE on: www.bse-sofia.bg
Refinitiv, an LSEG business
Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. With over 40,000 customers and 400,000 end users across 190 countries, Refinitiv is powering participants across the global financial marketplace. We provide information, insights, and technology that enable customers to execute critical investing, trading and risk decisions with confidence. By combining a unique open platform with best-in-class data and expertise, we connect people to choice and opportunity – driving performance, innovation and growth for our customers and partners. www.lseg.com
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