Sustainable Trading has added seven new members to its network as the initiative continues to gain momentum following its launch earlier this year.
Barclays, Liquidnet, Mizuho International, Rand Merchant Bank, Schroders, State Street and Telehouse are the latest names to sign up to the initiative, joining founding members Aegon Asset Management, AllianceBernstein, ArchES, AXA Investment Managers, Bank of America, big xyt, BMLL Technologies, BMO Capital Markets, BTIG, Credit Suisse, Equinix and Euronext.
Federated Hermes, Cowen, Instinet, Invesco, Investec, Jefferies, Liberum, Liontrust, London Stock Exchange Group, M&G plc, Neovest, Ninety One, Options Technology, Outset Global, Redburn, Russell Investments, State Street Global Advisors, T. Rowe Price and Union Investment are also members.
“It’s a great pleasure to welcome such a diverse and prestigious group of firms to Sustainable Trading, as we continue to grow our global presence,” said founder and director Duncan Higgins.
“We look forward to including them in the steering and working groups already in place, helping to define industry standards and accelerate the pace of change for E, S and G within the trading industry.”
The network is designed to encourage members to collaborate to develop solutions to ESG issues in trading including considering how the industry builds, maintains and operates trading infrastructure and the environmental impact this has. It will also assess areas such as diversity and equity and inclusion as well as engagement with communities. It officially launched into the market in February.