Despite a challenging period for sustainable investing, with $5.7b pulled from ESG-focused exchange-traded funds in the past week, GIX founders expect global demand to grow as investors consider the financial implications of climate change. GIX plans to be the first exchange in the US dedicated to the sustainability economy, dual listing companies committed to sustainable governance and transparency, and has been in contact with hundreds of companies over the past 18 months.
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SEC gives nod for first green stock exchange to begin trading next year
“US investors and companies are continuing to pursue sustainability because it makes financial and competitive sense,” GIX’s co-founder Charles Dolan said in a statement. “Public markets like GIX have a pivotal role to play in connecting sustainable investors with companies that understand that.”
