The World Federation of Exchanges, the global industry group for exchanges and CCPs, is pleased to confirm that its member exchanges are taking part in the fifth annual 'Ring the Bell for Gender Equality' initiative.
For the fifth consecutive year, a global collaboration across 80 exchanges around the world plan to ring opening or closing bells to celebrate International Women’s Day 2019 (Friday 8 March 2019).
The events are a partnership between IFC, Sustainable Stock Exchanges (SSE) Initiative, UN Global Compact, UN Women, the World Federation of Exchanges and Women in ETFs, to raise awareness about the business case for women’s economic empowerment and the opportunities for the private sector to advance gender equality and sustainable development.
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The UN Women’s theme for International Women’s Day 2019 is ‘Think equal, build smart, innovate for change’. The theme focuses on innovative ways in which the private sector can advance gender equality and women’s empowerment, particularly in the areas of social protection systems, access to public services, and sustainable infrastructure.
In addition to the bell ringing events, the six bell ringing partner organisations applaud the work done to date, and encourage exchanges to take further action to improve gender equality in their markets. Recommended actions include signing the CEO Statement of Support for the Women’s Empowerment Principles (WEPs); promoting gender equality in the workforce; introducing gender equality standards and supporting gender-equality themed investment products; providing guidance, training, mentoring, and education to market participants on gender equality and the role of gender diversity in business performance; and encouraging or requiring listed companies to publicly report on relevant gender metrics.
In March 2018, a record 65 exchanges rang their bells for gender equality, and this year looks set to be even bigger, with 80 exchanges confirmed as taking part.
Nandini Sukumar, CEO, WFE said: “We are pleased so many WFE members are participating in this important initiative, which has gone from strength to strength over the past five years. We are proud to raise awareness about this essential social and economic issue, both within the financial sector, and on a wider, global scale.”
Source: WFE
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