SEC approves launch of U.S.’ first sustainability-focused stock exchange

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🗞️ Driving the news: The U.S. Securities and Exchange Commission (SEC) has approved the Green Impact Exchange (GIX) as the country’s first sustainability-focused stock exchange
• GIX, founded by former New York Stock Exchange executives, will begin trading in early 2026 and aims to serve companies committed to measurable sustainability goals and transparent ESG reporting

🔭 The context: Established in 2022, GIX was created to meet the rising demand for investment platforms aligned with the global green economy
• It will initially operate as a dual listing venue, requiring companies to also be listed on another exchange
• GIX’s founding team includes Dan Labovitz and Charles Dolan, who bring extensive regulatory and operational experience from the NYSE

🌍 Why it matters for the planet: By requiring listed firms to adopt recognised sustainability frameworks, set science-based targets, and regularly report on their ESG performance, GIX could significantly raise transparency standards in the capital markets
• It addresses investor demand for verifiable sustainability data while providing companies with a competitive incentive to embed sustainability in core business operations

⏭️ What's next: GIX plans to expand from dual listings to potentially serving as a primary exchange
• Key to its success will be attracting mission-aligned companies and gaining investor trust in its disclosure standards
• The exchange also positions itself as a regulatory-aligned solution for firms seeking capital while demonstrating climate and ESG accountability

💬 One quote: “Climate risk is business risk. It’s that simple.” — Charles Dolan, President and Co-founder, Green Impact Exchange

📈 One stat: GIX will require listed companies to align with widely accepted sustainability frameworks and commit to short-, medium-, and long-term ESG goals with regular public disclosures

See on illuminem's Data Hub™ the sustainability performance of Bain Capital and its peers State Street, and Blackstone

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