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Stock impact report

NYSE says to co-launch new, environmentally sustainable asset class [Toronto Globe and Mail (Ontario, Canada)]

Intercontinental Exchange Inc. (ICE)  More Company Research Source: Toronto Globe and Mail
Last intercontinental exchange inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.theice.com
PDF NYSE says to co-launch new, environmentally sustainable asset class The New York Stock Exchange said on Tuesday it was co-developing a new tradeable asset class based on sustainable enterprises that hold the rights to ecosystem services, such as carbon sequestration, produced by natural, working, or hybrid lands. The NYSE, which is owned by Intercontinental Exchange Inc , said “natural asset companies” (NACs) will be listed and traded on its exchange, “creating a new market whose assets generate trillions of dollars in ecosystem services annually.” Globally, natural assets produce around $125 trillion annually in ecosystem services, like water purification and biodiversity, the NYSE said. “With the introduction of Natural Asset Companies, the NYSE plans to provide investors an innovative mechanism to financially support the sustainability initiatives they deem critical to our future,” said NYSE President Stacey Cunningham. Investments focused on environmental, social and governance fa [Read more]
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