BM Report:

Both the bosses at the board and management team of the Dhaka Stock Exchange (DSE) have emphasized the significance of sustainable reporting in promoting transparency and good governance within companies listed in the stock market.

“There are 356 companies listed in the stock market, but only 14 of them adhere to the Global Reporting Initiative (GRI) frameworks, which is approximately 4 percent of the total,” he said while speaking at a seminar titled “Sustainable Practice and Untapped Investment Opportunities,” jointly organized by DSE and the DSE Brokers Association of Bangladesh, on Thursday.

The head of management at the country’s prime stock exchange also underlined the role of sustainable reporting in corporate social responsibility, business sustainability, sustainable development goals, and environmental and social governance issues. He also stressed the need for greater awareness and training for all listed companies on the stock market regarding sustainable practices.

Hafiz Muhammad Hasan Babu, Chairman of DSE, echoed the importance of modernizing the country’s stock market to facilitate long-term investments and establish a sustainable economic system. He underscored the need for good governance to attract foreign investments.

Chief Guest at the seminar, Abdul Halim, Commissioner of the Bangladesh Securities and Exchange Commission (BSEC), highlighted initiatives taken to protect the interests of investors. He emphasized the importance of addressing income inequality and the need to attract investors from various districts, particularly in the northern regions.

The seminar marked the conclusion of “Global Investors’ Week 2023,” which was inaugurated on October 2 by BSEC Chairman Shibli Rubayat Ul Islam. Various stakeholders and investors participated in these week-long events focusing on promoting sustainability and responsible investment practices.