Webinar on Extra-Financial Reporting
At the heart of the financial ecosystem, a stock exchange arouses the interest of investors because it welcomes companies of all sizes and from all sectors who seek to finance themselves by Public Call for Savings. These companies benefit from the visibility offered by the Stock Exchange to strengthen their notoriety to raise funds in order to develop and expand their markets.
This unique and prestigious position of the Stock Exchange, which gives it a role of prescriber with the entrepreneurial ecosystem, is at the origin of the launch in 2009 of the SSE Initiative (Sustainable Stock Exchanges) by the United Nations, which aims to promote the stock market as a spearhead for the dissemination and widespread adoption of CSR practices.
The Tunis Stock Exchange joined on October 25, 2015, the initiative that now brings together nearly 90 stock exchanges around the world. Its mission is to strengthen collaboration between financial centers, investors, regulators and companies, with a view to sustainable development, by adopting best practices for managing environmental, social and governance (ESG) issues and by encouraging responsible and long-term funding.
The Tunis Stock Exchange integrated the CSR policy into its strategic orientations and decided to promote the adoption of CSR practices, and their dissemination on the Environmental, Social and Governance components, and in line with Tunisia's international commitments under the United Nations Global Compact (2000) and the achievement of the 17 Sustainable Development Goals (SDGs).
To this end, and with the support of the Konrad Adenauer Foundation, the Tunis Stock Exchange is launching the project to develop an ESG reporting guide based on the recommendations of the HSE Initiative and adapted to the Tunisian context.
The Tunis Stock Exchange aims to bring listed companies to integrate CSR into their business strategies, to deploy it operationally and to report to all stakeholders by developing a non-communication component. financial reporting.
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.