Collaboration between the Tunis Stock Exchange and IFC
As part of its membership in the United Nations' Sustainable Stock Exchange Initiative, launched in 2015, Tunis Stock Exchange has developed an ESG reporting guide in collaboration with the financial market regulator, the Financial Market Council. This Guide, which was published at the end of 2021, is intended to assist listed companies, those preparing to go public, and public companies in presenting and promoting their commitments to Corporate Social Responsibility (CSR) and their contribution to achieving the Sustainable Development Goals (SDGs).
In this context, and in collaboration with the International Finance Corporation, an institution of the World Bank Group, Tunis Stock Exchange intends, following the publication of this guide, to support an initial pilot cohort of companies in the implementation of a Corporate Social Responsibility approach, leading to the production and publication of ESG reporting. This collaboration will also extend to supporting the market's efforts to gain experience in this area and enrich the range of indices offered by the Tunis Stock Exchange with an ESG index.
2024 ESG Disclosures by Listed Companies
Following the publication of eight (8) ESG reports in 2024, covering the 2023 fiscal year, 2025 began with a stronger momentum in the release of non-financial disclosures by listed companies.
This trend reflects the collective efforts of all stakeholders, as well as the growing maturity of listed companies, which are increasingly convinced of the value and importance of ESG reporting.
In this context, a first group of thirteen (13) listed companies has already published ESG reports this year.
Carbon footprint of listed companies for the 2024
In 2024, there was a significant increase in the number of listed companies reporting their carbon footprint, rising to nine companies compared to three in 2023.
ESG Report 2024 of Tunis Stock Exchange
Tunis Stock Exchange announces the publication of its first ESG (Environment, Social and Governance) Report 2024. Through this initiative, Tunis Stock Exchange confirms its ambition to be a leading actor in establishing ESG practices in the Tunisian financial market.
The report is a continuity of Tunis Stock Exchange's adherence to the United Nations Sustainable Stock Exchanges (SSE) Initiative, and follows the issuance in 2021 of the ESG Reporting Guide, in collaboration with the Financial Market Council.
With the publication of its own ESG Report, Tunis Stock Exchange is continuing to play its role as a driving force for companies, particularly those listed on the stock exchange, and for all capital market participants, by providing a practical example of what it promotes through its tools and support.
The report highlights the concrete initiatives undertaken, the approach in line with international standards such as the Global Reporting Initiative (GRI) and the United Nations Sustainable Development Goals (SDGs).
Lastly, it is significant to note that the voluntary approach to extra-financial disclosure is gaining ground in our Tunisian market ecosystem, which suggests that our regulations should be brought forward at a faster pace.