#None #UN Global Compact #LGBTIQ+ Rights #Stock Exchanges

Global Stock Exchanges Unite for LGBTIQ+ Rights

In a historic demonstration of solidarity, stock exchanges from around the globe have joined forces to promote equality and inclusion for LGBTIQ+ individuals. This monumental initiative, known as Ring the Bell for LGBTIQ+ Equality, coincides with the International Day Against Homophobia, Biphobia, and Transphobia (IDAHOBIT).

The Initiative's Significance

This event, held in May, marks a significant step towards creating more equitable economic environments across various markets. Engaging approximately 15 stock exchanges in 14 countries, the event seeks to elevate awareness of the importance of respecting and protecting the rights of all individuals, emphasizing that all deserve dignity and equality, regardless of their sexual orientation, gender identity, or expression.

The coalition behind this initiative comprises esteemed global partners, including the UN Global Compact, UN Human Rights, the UN Sustainable Stock Exchanges initiative, and Koppa - The LGBTI+ Economic Power Lab. By mirroring the successful Ring the Bell for Gender Equality campaign, this initiative also signifies the first coordinated effort for stock exchanges to jointly support LGBTIQ+ rights.

A Diverse Coalition

Participating exchanges include well-known entities such as ASX (Australia), Bolsa Mexicana (Mexico), Cboe (USA), Deutsche Börse (Germany), and the Euronext Group (comprising several countries like Belgium, France, and the UK) among others. Each exchange engaged in ceremonial bell-ringing events, highlighting remarks from leaders across sectors—market participants, civil society representatives, issuers, and investors—underscoring the ongoing drive for meaningful change in workplaces and society.

An Empowering Movement

The bell-ringing is not merely a symbolic act but a powerful call for real action. As institutions aim for more inclusive workplace cultures, this initiative pushes for accountability among leaders to improve policies that protect and promote LGBTIQ+ rights, alongside supporting cultural shifts towards acceptance and equality.

Anthony Miller, Chief Coordinator of the UN SSE, captured the sentiment beautifully, likening the journey from the initial seven stock exchanges focusing on gender equality to the now expanded framework advocating for LGBTIQ+ rights.