Seven Firms Join Sustainable Trading Association
Posted by Colin Lambert. Last updated: October 14, 2022
Sustainable Trading, the non-profit organisation seeking to transform environmental, social and governance (ESG) practices in the trading industry, has unveiled seven new member firms from across the trading industry.
Barclays, Liquidnet, Mizuho International, Rand Merchant Bank, Schroders, State Street and Telehouse are the latest names to join the initiative, joining the 41 firms already active in their support of the cross-industry initiative. Sustainable Trading says together the members represent the full spectrum of financial markets trading participants and are committed to driving positive ESG change in both their organisations and across the industry.
The organisation says since its launch six months ago, Sustainable Trading has made “significant progress”, adding participating members are sharing their valuable experience and expertise in three workstreams – exploring Environmental, Social and Governance opportunities within the people, process and technology that underpins financial markets – with the goal of defining a portfolio of best practices tailored to the trading industry.
Within the workstreams, specialist sub-groups are undertaking an assessment of the practical issues currently being faced by the industry and researching good practices underway within member firms, as an input to the development of the industry best practices.
Sustainable Trading has also recently welcomed two Member Engagement Consultants to the organisation, who will support its delivery workstreams and work with both existing and prospective members.
“It’s a great pleasure to welcome such a diverse and prestigious group of firms to Sustainable Trading, as we continue to grow our global presence,” says Sustainable Trading founder and director, Duncan Higgins. “We look forward to including them in the steering and working groups already in place, helping to define industry standards and accelerate the pace of change for E, S and G within the trading industry.”