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Sustainability

Market Closed 01-16-2018 20:01 PM GMT -03:00


 

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Introduction

Exchanges have a fundamental role in building sustainable capital markets. As a meeting point for the diverse players that make up the market, exchanges play a leading role in setting standards and developing good practices that strengthen the capital market and society as a “whole.”.



Santiago Exchange's Commitment

Santiago Exchange´s main purpose is to promote the sustainable development of the capital market, contributing to its solidness, diversification, competitiveness and transparency, in such a way as to facilitate the access of the different sources of financing in all economic sectors and to act towards the growth and development of our country.

Review our Sustainability Policy here


​​A Sustainable Exchange

November 2014, Santiago Exchange became a UN Sustainable Stock Exchange and joined the World Federation of Exchanges' Sustainable Working Group

Santiago Exchange officially became a part of the Sustainable Stock Exchanges (SSE) initiative. This initiative was created by the United Nations in 2009 to explore how stock exchanges, in collaboration with investors, regulators and legislators, can improve corporate sustainability and promote responsible investment. Fifty-nine partner exchanges participate in the initiative, including New York, London, Frankfurt and Johannesburg. In Latin America, Mexico, Colombia, Brazil and Lima also participate.

The decision to participate in the SSE initiative is in keeping with Santiago Exchange's efforts on sustainability and transparency issues in the financial system, which include diverse initiatives, internal policies, regulations and adopting of international standards.

Similarly, Santiago Exchange joined the World Federation of Exchanges' Sustainable Working Group, a learning platform that allows stock exchanges to work together on environmental, social and corporate governance issues. The initiative allows members around the world to share their progress on sustainability issues, a theme central to successfully creating value in business and creating an environment of confidence and transparency for investors.

More information on SSE and SWG.

March 2016, Participated in UN Global Compact as a Technical Organization in the 2016 Practical Meetings Cycle – Global Compact Transparency Commission – Responsible Investment.

The Global Compact Transparency Commission aims to promote transparency within Chilean companies, entities and educational institutions in order to advance this concept on the basis of one of the Global Compact pillars: Anti-Corruption. In 2016, Santiago Exchange participated as a technical body in five practical sessions on methodology and tools for responsible investment and local capital market sustainability.

These efforts were in addition to the Ring the Bell for Gender Equality ceremony, organized by Santiago Exchange, UN Women and UN Global Compact, which enjoyed the participation of the President of Chile Michelle Bachelet and distinguished authorities. Celebrated on International Women's Day, the event aims to share different visions of the role women play in diversity in the business environment. It seeks to recognize their significant participation in the financial sector as well as the connection between equality and sustainable development.

More information on Global Compact

Documents

  • Transparency Comission Report​
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    Frequently Asked Questions


    • What is the composition of the exchange’s Board of Directors?

      Santiago Exchange’s Board of Directors is currently composed of eleven members, which together elect a Chairman. The law specifically states that the board must be made up of at least five members, who may or may not be shareholders, and must hold elections annually, where members may be reelected. 

    • What information should I submit to apply for dual listing on Santiago Exchange, Venture?

      Companies listed on TSXV must send an application letter requesting the dual listing (see attached documents) and send it to the Santiago Exchange for registration. 

    • According to the law, what are the objectives of the exchange?

      According to article 38 of the Securities Market Law, stock exchanges are organizations that aim to provide their members with the necessary infrastructure to effectively carry out securities transactions through continuous public auction and to perform other intermediation services in accordance with the law. 

    • Which companies can access the Venture Market?

      Any issuer from TSXV can access the dual listing with Santiago Exchange, Venture. 

    • What is Santiago Exchange?

      Santiago Exchange is an exchange whose primary role is to provide buyers and sellers of securities a physical meeting place for them to trade through services provided by brokers. Santiago Exchange is a public company composed of 48 shares, and its operation is overseen by the Chilean Securities and Insurance Supervisor. 

    • What benefits does the Venture Market of Santiago Exchange offer venture capital companies?

      Santiago Exchange, Venture enables companies at an exploration stage to access a greater number of investors through its regional presence given by the participation of Santiago Exchange in MILA. In addition, Santiago Exchange, Venture has the support of the leading platform for financing mining companies at an exploration stage (TSXV), being a relevant factor for both companies and investors, to have the validation of such exchange. 

    • Where does Santiago Exchange operate?

      The exchange operates in a historical building in downtown Santiago, at the intersection of Bandera Street, the Union Club and Nueva York and La Bolsa streets. Its address is La Bolsa 64, Santiago. 

    • What are the benefits of listing the instruments in Chilean pesos?

      The values that are listed and traded in Chilean pesos on the Foreign Securities Market of Santiago Exchange will be cleared and settled in CCLV Central Counterparty, reducing counterparty risk of such operations. 

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