Sustainable Trading launches non profit ESG trading network

Duncan Higgins, Sustainable Trading.

Sustainable Trading, the non-profit membership network aimed at driving environment, social and governance (ESG) change in the trading markets, has launched.

Sustainable Trading members will consider the environmental impact of how the financial trading industry builds, maintains, and operates trading infrastructure.

There will also be a focus on areas such as diversity, equity and inclusion, employee wellbeing, engagement with communities and a stakeholder-oriented approach to enterprise governance.

In addition, members will assess areas such as diversity and equity and inclusion as well as engagement with communities.

Membership of Sustainable Trading is open to participants within financial services engaged in trading or providing trading-related services.

The founding members include: Aegon Asset Management, AllianceBernstein, ArchES, AXA Investment Managers, Bank of America, big xyt, BMLL Technologies, BMO Capital Markets, BTIG, Credit Suisse, Equinix and Euronext.

Also on the list is Federated Hermes, Instinet, Invesco, Investec, Jefferies, Liberum, Liontrust, London Stock Exchange Group, M&G plc, Neovest, Ninety One, Options Technology, Outset Global, Redburn, Russell Investments, State Street Global Advisors, T. Rowe Price and Union Investment.

Duncan Higgins, an industry veteran who has worked at ITG and UBS, announced the network concept – a first of its kind to focus on the trading markets specifically – last November.

Higgins said the network complimented existing changes already present in the investment community and would help to build a sustainable trading ecosystem in the future.

“The financial system has tremendous capabilities to lead its own transition to a more sustainable future. Sustainable Trading will mobilise members around a practical approach to setting and achieving their ESG goals and establish grassroots champions of change,” he added.

“Working together we can create a robust, sustainable industry for the future; one where the principles of good environmental, social and governance practices are woven throughout our daily lives.”

©Markets Media Europe 2022

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