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Follow on Google News | Maldives Stock Exchange is first to be CarbonNeutral®Maldives Stock Exchange is first stock exchange in the world to measure and reduce carbon emissions to net zero; aligns environmental policy with Maldives government
By: Sharon Corrigan The MSE measured the greenhouse gas emissions that it produced from the energy consumption, waste disposal, company owned and/or controlled vehicles, business travel and staff commuting and reduced these to net zero through carbon offsetting in accordance with the requirements of the CarbonNeutral Protocol. Ibrahim Nasir, Chief Executive Officer, Maldives Stock Exchange, said “By adopting a leading environmental position within the financial services arena we hope to encourage listed companies within the stock exchange to also take action for the impact of their carbon emissions. Organisations that implement comprehensive carbon reduction programmes can enhance their corporate reputation by showing customers, staff and prospects that they are taking direct action against climate change.” H.E Mohamed Nasheed, President of Maldives, explained, “A 1-meter rise in sea levels, which some climate scientists warn will happen if nothing is done to reduce carbon pollution, would be devastating for the Maldives. The government is doing everything we possibly can to remain here and that is why we have a plan to make the Maldives carbon neutral in ten years.” Mohamed Aslam, Minister of Housing, Transport and Environment stated, “We applaud the work of the Maldives Stock Exchange as it is internationally leading its industry by taking responsibility for its carbon impact and helping to protect the Maldives.” Rani Virdee, Managing Director Asia Pacific, The CarbonNeutral Company, said, “We would like to congratulate the MSE in becoming the first stock exchange in the world to be CarbonNeutral® Virdee continued, “Increasingly, investors and analysts are also looking at organisations’ Notes to editors: The Maldives Stock Exchange http://www.mse.com.mv/ As such the MSE is operated by the Maldives Stock Exchange Company Pvt Ltd, effective from 24th January 2008. The primary function of MSE is to facilitate companies raising capital through the issue of new securities. The secondary function of the MSE is to provide a regulated market for the trading of existing stocks between investors. The MSE is also the centre for trading, reporting and pricing of the stocks. The trading information is released to the public by the MSE ensuring transparency in market dealings. The CarbonNeutral Company (www.carbonneutral.com) CarbonNeutral® The CarbonNeutral Company has offices in New York, London and Singapore, with a network of associates in Japan and UAE. The CarbonNeutral Company is a founding member of The International Carbon Reduction and Offset Alliance (ICROA), which provides leadership and a unified voice advocating for rigorous industry standards www.icroa.org. (1) Source: 'Action amid uncertainty: # # # The CarbonNeutral Company is a world leading provider of carbon reduction solutions. It works with over 300 major businesses and hundreds of small and medium sized companies in 32 countries to develop offset inclusive carbon reduction programmes. End
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