What can stock exchanges do for the SDGs? (Devex)

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GENEVA — To achieve the ambitious Sustainable Development Goals, the United Nations has been widening calls for support from the private sector — and some believe stock markets could play an important role.

Last week, partners of the Sustainable Stock Exchanges initiative met in Geneva, Switzerland, for annual talks. The group aims to promote responsible investment in development by stock exchanges and their listed companies. Launched in 2009, it is coordinated by the U.N. Conference on Trade and Development, together with several other U.N. or related bodies.

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As climate change rises up the political agenda throughout the West and beyond, shareholders have an important role to play in limiting global fossil fuel consumption by pressuring oil companies to amend their strategies, argues Sora Utzinger.

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