America agrees to start the first Green Exchange next year

A new stock exchange has made an important step towards the official opening, after the US Securities and Exchange Commission was approved. The Green Impact Exchange – Gix – in a statement issued on Monday said the authorities had approved its amended request for registration as a national stock exchange. A spokesman for the authority confirmed the approval of the request and pointed out that the stock exchange expects to start trading early next year. This step comes at a time when sustainable investment faces major challenges. Last week alone, about $ 5.7 billion was withdrawn on circulating indicators on environmental and social management and corporate governance, which is the largest monthly cloud in more than a year, according to the data collected by Bloomberg. Parkles Bank analysts also indicated that about $ 9 billion was withdrawn from sustainable equity funds last month, with the increasing frequency of sale since February. Despite these challenges, the founders of the stock exchange view the green impact that global demand for sustainable investment will see future growth, with investors’ awareness of the financial consequences related to climate change. “US investors and companies are still seeking sustainability because they are feasible in financial and competitiveness. Public markets such as the Green Influry Exchange play an important role in connecting investors interested in sustainability and businesses who realize the importance of this,” said Charles Doulan, the founding partner of the Stock Exchange. Some indicators show that the funds have started flowing again to green investments, as adventurous capital and private stock companies invested more than $ 5 billion in emerging climate technology companies in the United States during the first quarter of this year, an increase of about 65% compared to the same period last year, according to the data of ‘Beach Book’. The first US Sustainability Stock Exchange and the Green Influry Exchange are the first stock exchange in the United States to be fully devoted to the sustainability economy. Dan Labovitz, the other founding partner and CEO of the Stock Exchange, was of the opinion that the commission’s approval is “an important step forward for investors and companies interested in sustainability”. Labovitz said in ‘NE -mail that the stock exchange is currently working with the financial sector regulatory authority to implement the necessary organizational requirements, pointing out that the stock exchange will export a double inclusion of companies committed to sustainable and transparent management. He added: “We have contacted hundreds of companies for the past eighteen months. The businesses practicing their businesses are aware worldwide that continuing to improve sustainability practices is needed to maintain their competitiveness. We see no indications to delay this trend, but on the contrary, there are indications of its continued growth.”