The Bermuda Stock Exchange (BSX), a wholly owned subsidiary of Miami International Holdings, is planning to launch a new initiative to increase investor resilience and to encourage sustainable finance with listed companies and trading members.
Greg Wojciechowski, CEO of BSX, said that Environmental, Social and Governance (ESG) policies are important factors increasing shareholder value and as part of the Exchange’s efforts to promote financial sustainability.
“We are working with our members and listed companies to promote the greater use of electronic communications with shareholders,” he said.
BSX is encouraging investors to ensure their contact details are up to date on shareholder registers of companies for which they hold shares and to check with their broker and/or investment advisor to ensure they are receiving timely investor information.
BSX is encouraging shareholders to “go green” and support companies and BSX in their efforts to promote sustainable finance in Bermuda by signing up for electronic distribution of communications and investor materials to reduce impact on the environment as well as reduce costs.
BSX is also adopting more environment friendly practices with its listed issuers, sponsors and trading members in an effort to reduce its carbon footprint by accepting electronic copies of listing documentation and annual reports for filing and dissemination.
“ESG initiatives are a critical area of focus for the global financial community,” said Thomas P. Gallagher, Chairman of BSX, and Chairman and CEO of MIAX.
“One of MIAX’s key ESG pillars is to promote greater financial literacy, and we firmly believe that investing in our local communities to provide education and responsible trading resources will help investors plan for their future financial well-being,” he said.