Conference on Reporting on Corporate Social Responsibility
Tunis Stock Exchange organized on November 7, 2018 at its headquarters, a meeting on the "Extra-Financial Reporting on CSR: a voluntary strategy or an obligation? ", intended for listed companies, brokerage firms and other financial ecosystem actors.
The meeting was opened by the Minister of Industry and SMEs, and animated by a parliamentarian, tunisian experts and a representative of Principle Responsible Investment (PRI).
The presentations focused on various aspects of the first Tunisian law on Corporate & Social Responsibility issued in June 2018, its objectives and scope of action, the provision for dedicated financing of environmental projects and sustainable development, the creation of a regional management committee for CSR and an observatory chaired by the government presidency to monitor implementation of CSR programs.
The speakers also addressed extra-financial reporting on CSR, its benefits for the company, its usefulness for shareholders, the tools and the effects on increasing market transparency. In this context, they urged companies listed on the Tunis Stock Exchange to adhere to this practice, which at the international level has become an obligation under the pressure of regulators and investors, as shown in the latest report of the Sustainable Stock Exchanges initiative 2018, recently presented in SSE Global Dialogue organized In Geneva from 22 to 26 October.
At the conclusion of the conference, the C.E.O of Tunis Stock Exchange has declared the future commitments of the exchange: promote capacity building of the exchange ecosystem participants on sustainability issues, encourage companies to make disclosure on CSR activities in accordance with widely accepted international standards, increase cooperation with the regulator and policymakers to create suitable framework for the listing of green, social and sustainability bonds; developing sustainability indices, contribute to the development of consensus around a sustainability taxonomy and establish effective internal governance and operational processes and policies to support the shift into a more sustainable financial system.
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.