Maldives has world’s first CarbonNeutral® certified stock exchange

The Maldives Stock Exchange (MSE) announced that it has been as CarbonNeutral® certified as part of its alignment with the Madives government’s environmental policy.

A world’s first, the MSE has measured and reduced carbon emissions to net zero through means of carbon offsetting in accordance with the requirements of the CarbonNeutral Protocol, a standard by The CarbonNeutral Company that verifies the quality of offset projects.

The greenhouse gas emissions factored in included those from energy consumption, waste disposal, company-owned and/or controlled vehicles, business travel and staff commuting.

MSE Chief Executive Officer Ibrahim Nasir explained why the organisation felt it was important to take concrete steps in reducing its carbon footprint.

“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,” he said.

Minister of Housing, Transport and Environment Mohamed Aslam added that this is a welcome move for the Maldives.

“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,” he said.

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