Sustainable Trading Adds Four on First Anniversary
Posted by Colin Lambert. Last updated: March 8, 2023
Sustainable Trading, the non-profit membership network seeking to transform environmental, social and governance (ESG) practices within the business operations of the financial markets trading industry, is celebrating its first anniversary year with the addition of four new members to its cross-industry initiative.
Cabrera Capital Markets, IEX Exchange, Iress, and Tourmaline Partners have joined the initiative, moving the membership past 50 major financial firms – it was founded by 30 firms.
Sustainable Trading members contribute their expertise to focused ESG workstreams tasked with defining a portfolio of best practices, tailored to the trading industry. It will also oversee a measurement framework to enable efficient and comparable communication of ESG progress, facilitating an ethos of continuous ESG improvement. Membership is open to all financial market participants engaged in trading activity or providing trading-related services.
Sustainable Trading says the highlights of its work over the first year of operations includes in the development of a set of best practices covering technology infrastructure, diversity, equity and inclusion, community engagement, employee well-being, governance desk practices and environmental business practices. Its workstreams are now defining a measurement framework that members can use to track and communicate the progress they are making to implement the best practices, it adds.
“It has been a remarkable first year for Sustainable Trading, both in terms of the breadth and depth of our membership and the enormous progress that has been made with developing ESG best practices tailored to the trading industry,” says founder and CEO Duncan Higgins. “We are delighted to welcome this group of members that extends the diversity of our member base and will bring new experiences, insights, and ideas to our work programme.”