London Stock Exchange welcomes International Finance Corporation
London Stock Exchange today welcomes the International Finance Corporation (IFC), a sister organization of the World Bank and a member of the World Bank Group. IFC is the largest global development institution focused on the private sector in emerging markets. It works with more than 2,000 businesses worldwide to influence to create markets and opportunities in the toughest areas of the world.
IFC and the U.N. Sustainable Stock Exchanges Initiative brought together representatives of global stock exchanges, regulators, investors, and development organizations to LSE for a roundtable discussion of IFC's new Disclosure and Transparency Toolkit.
The toolkit provides guidance to companies on an integrated approach to corporate reporting that supports a better understanding of what drives corporate value today. These factors include the impact of environmental and social risks on a company's strategy, risk profile, and performance. They affect how key opportunities and risks are managed as part of the company's corporate governance.
Ethiopis Tafara, IFC Vice President and General Counsel for Legal and Compliance Risk and Sustainability.
"Our goal is to accelerate the growth of sustainable capital markets across emerging economies. Stock exchanges are our key partners in advancing standards for increased disclosure and transparency to help build investor trust and confidence in emerging markets."