The Santiago Exchange Chief Commercial Officer, Lucy Pamboukdjian, and the Managing Director of ESG Compass Latin America, Rodrigo Castro, met with local issuers to present the Stakeholders Sustainable Index (SSIndex), created by the Yale University experts to promote the sustainable development of corporations.
ESG Compass manages the SSIndex application in Chile, and Rodrigo Castro explained the methodology and benefits of this index to issuers and invited them to apply for the SSindex 2019 up until December 28. According to Rodrigo, “the SSIndex uses the ESG Compass software, helping companies to track the opinions of all stakeholders of a company - i.e. employees, clients, suppliers and community, regarding risks and sustainability of the company and its alignment to globally validated standards, such as DJSI, GRI and the UN SDG”-.
Santiago Exchange applied to SSindex 2018, aiming at measuring the value its stakeholders give to the Exchange in addition to other non-financial variables that impact de future value of the company. “Santiago Exchange promote a myriad of ESG and sustainability initiatives for issuers - such as the Issuer Transparency Recommendations, the Dow Jones Sustainability Chile and MILA indices, the “La Voz del Mercado” Survey, the Green and Social Bonds Market, the Responsible Investment and Reporting guides - and very importantly, the Exchange practices the same recommendations it makes for its issuers, as we believe we should be part of the challenge and act as a role model for the market”, highlighted Lucy Pamboukdjian.