Sustainable

Europe’s most comprehensive sustainable market segment, enabling the flow of capital into investments that promote environmental, social or sustainable activities.

Overview

Sustainable finance is gaining momentum globally. Market participants ranging from supranational organisations through to financial institutions, as well as individual investors, are increasingly recognising the importance of allocating capital in a manner which finances a sustainable future.

TISE Sustainable has been established to provide a comprehensive and reputable market segment which enables the flow of capital into investments that promote environmental, social or sustainable activities.

TISE is a Partner Exchange of the United Nation’s Sustainable Stock Exchanges (SSE) initiative and is committed to being part of the sustainable capital markets ecosystem, both in terms of how we manage our business and through our role as a facilitator of global capital flows.


With a straightforward application process and no additional fee, the segment is available to all TISE-listed issuers and securities which demonstrate their qualifying credentials.

Advantages

Connectivity.

Helping to connect issuers and investors to facilitate the flow of sustainable capital.

Credibility.

All issuers/securities independently assessed against internationally recognised sustainable finance standards.

Transparency.

Publicly available sustainability reporting and comprehensive information disclosure.

Visibility.

Inclusion on the dedicated TISE Sustainable hub and use of TISE Sustainable logos to promote the issuer’s commitment to sustainable finance.

Qualifying credentials

TISE Sustainabe is available to all TISE-listed issuers who are able to demonstrate compliance with at least one of the following frameworks or ratings.

Frameworks

Either (i) the issuer’s business, or that of its wider group; or (ii) the use of the proceeds raised by the issuance of a security; has been verified as having an environmental, social or sustainable purpose by an independent party against a recognised framework

 

Framework Minimum Qualifying Credentials Information
Climate Bonds Initiative: Climate-Aligned Issuers Fully Aligned or Strongly Aligned Link
Climate Bonds Initiative: Climate Bonds Certification Link
Green Seal Certification Certification Link
Guernsey Green Fund Route 1 or Route 2 Link
ICMA Green Bond Principles Certification Link
ICMA Social Bond Principles Certification Link
ICMA Sustainability Bond Guidelines Certification Link
ICMA Sustainability-Linked Bond Principles Certification Link
The Carbon Trust Standard Certification Link

Ratings

The issuer’s business, or that of its wider group, has been positively rated by an independent party.

.

Rating Agency Minimum Qualifying Credentials Information
Global Real Estate Sustainability Benchmark 4* or 5* Link
ISS ESG Corporate Rating Prime Link
MSCI ESG Rating AAA to BBB Link
Refinitiv ESG Score A+ to B - Link
Sustainalytics ESG Risk Rating Negligible or Low Risk Link

 

In addition to the frameworks and ratings outlined above, TISE will consider other frameworks and ratings which evidence the issuer’s (or security’s) environmental, social or sustainable credentials.

How to apply

An application for admission to the TISE Sustainable market segment can be made at the same time as an application to list, however, approval of the admission to TISE Sustainable will only take place once admission to TISE’s Official List has been granted.

Submission.

The issuer submits a completed TISE Sustainable Application Form together with supporting documentation. All independent verification reports or rating assessments must be current and valid. Where periodic reviews are required, the most recent verification report or rating assessment must be submitted.

Review.

TISE will review the application and request any additional information required.

Admission.

If the qualification credentials have been met, the issuer/security will be added to the TISE Sustainable market segment and displayed on TISE’s website.

Visibility.

The issuer will be sent a suite of TISE Sustainable logos which can be used by the issuer on its own marketing and branding materials (in accordance with the terms and conditions and brand guidance).

 

 Apply online          Download the PDF Application Form

Ongoing requirements

The issuer must ensure that its rating and sustainability reporting are published online. Where periodic reviews are required, the most recent verification report or rating assessment must be made available.

The issuer must inform TISE, without delay, of any changes to the details or status of their TISE Sustainable qualifying credentials (for example, change of independent verifier, framework, status or rating attained).

If the issuer or security ceases to meet the qualification credentials, the issuer must contact TISE to establish whether the matter can be remediated or if the qualification credentials can be met in another way.

TISE may, at its discretion, allow issuers or securities on the TISE Sustainable market segment to remain on the segment for an agreed period (of up to 12 weeks), should the issuer or security temporarily fail to meet the qualification credentials.

If the matter cannot be remediated and TISE considers that the qualification credentials are not met, the issuer or security will be removed from TISE Sustainable with immediate effect.

TISE retains sole discretion over the addition, continuance and removal of issuers and securities from TISE Sustainable.

TISE Sustainable logos

Upon admission to the TISE Sustainable market segment, the issuer will be sent a suite of TISE Sustainable logos which can be used by the issuer to promote its commitment to sustainable finance within its own marketing and branding materials. These logos are to be used in accordance with TISE’s terms and conditions and branding guidance.

TISE encourages issuers to utilise these logos within their marketing materials, including on their website for example alongside any other information, news and reports related to the issuer’s sustainable status.

An issuer which is no longer admitted to TISE Sustainable must immediately cease use of the TISE Sustainable logos and remove the logos from all materials, whether online or offline.

TISE Sustainable brochure
Download now
TISE Sustainable brochure 2021.pdf

List of Issuers

A list of issuers with securities admitted to TISE Sustainable
Issuer ISIN Listing Date Nom. (MM) Currency Credentials Information
Bluefield SIF Investments Ltd 13-07-2017 125,511,368 GBP Guernsey Green Fund LINK

List of Securities

A list of securities admitted to TISE Sustainable
Issuer ISIN Listing Date Nom. (MM) Currency Credentials Information
Novelis Sheet Ingot GmbH 01-04-2021 500,000,000 EUR ICMA Green Bond Principles LINK

Latest Sustainable News at the Exchange

The value of sustainable stock exchanges

Cees Vermaas, CEO at The International Stock Exchange (TISE), explores how stock exchanges pursuing sustainable initiatives can help facilitate positive environmental and social change. 

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TISE launches sustainable segment, joins UN sustainable initiative

The International Stock Exchange (TISE) has launched a new market segment, TISE Sustainable, and joined the United Nations’ Sustainable Stock Exchanges Initiative (UN SSE).

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For more information please contact us.
Mark Oliphant
Mark Oliphant
Head of Marketing & Communications
Anthony Byrne
Anthony Byrne
Head of Bond Markets
Carolyn Gelling
Carolyn Gelling
Head of Equity Markets