December 2016 To the Chief Executives of all Stock Exchanges around the world We, the undersigned legislators, recognize that: The increasing intensity and frequency of severe weather events in all of our countries around the globe is producing ever more tangible destruction of physical and natural assets. The material impacts of these risks are having an increasing and adverse effect on our economies, financial systems and corporate operations. In order to fulfill the commitments made collectively by our governments in Paris at the UNFCCC COP21, many assets related to a carbon-intensive economic model may currently be mispriced, and may present a financial risk as a “stranded asset”. The long-term health of our financial systems depends on a clear and immediate recognition of these threats. In order to make rational decisions about asset allocation, investors require a comprehensive and transparent disclosure of these risks by companies and markets. This will require consistent, comparable and reliable measurement and assessment. To this end, we welcome the work and leadership being shown by the G20 FSB Taskforce on Climate-related Financial Disclosures, along with the Securities and Exchange Commission (SEC), in furthering the adoption of clear and robust reporting guidance. Furthermore, we recognize the critical importance of harmonizing and standardizing such risk reporting guidance across all of the world’s stock exchanges. We therefore urge you to consider the following: 1. Promote the adoption of climate-related reporting guidance and disclosure for all listed companies under your jurisdiction. 2. Commit to implement best international practice in reporting requirements for sustainability and climate-related risks. 3. Ensure that progress in reporting by companies listed on your exchange is transparently monitored and easily accessible to all stakeholders. And we ask you to respond to this letter setting out your exchange’s approach to these important matters. Sincerely, Barry Gardiner, United Kingdom Nahim Razzaq, Bangladesh Nassirou Bako-Arifari, Benin Lídice da Mata, Brazil Thèodore Datouo, Cameroon Marguerite Dissake nee Ekoka, Cameroon Albert Dooh Collins, Cameroon Aissa H. Douvaouissa, Cameroon Banmi Emmanual Dinga, Cameroon Laure-Pauline Fotso, Cameroon Mariam Goni, Cameroon Joseph Roland Matta, Cameroon Martin Oyono, Cameroon Haman Paul, Cameroon Ndam Njoya Tomaino, Cameroon Jean Jacques Zam, Cameroon Patricio Vallespin Lopez, Chile Andrea Molina Oliva, Chile Magister Abelino Esquivel Quesada, Costa Rica Oscar Ledesma Zamora, Ecuador Alemayehu Tegenu, Ethiopia Satu Hassi, Finland Joelle Garriaud-Maylam, France Martine Lignières-Cassou, France Annalena Baerbock, Germany Bärbel Höhn, Germany Gerhard Schick, Germany Simon Edem Asimah, Ghana Eva Kaili, Greece Schmuck Erzsébet, Hungary István Józsa, Hungary Stella Bianchi, Italy Francesco Boccia, Italy Marco Causi, Italy Erica D'adda, Italy Silvia Fregolent, Italy Giampaolo Galli, Italy Alberto Giorgetti, Italy Mauro Guerra, Italy Paolo Guerrieri Paleotti, Italy Yoram Gutgeld, Italy Maino Marchi, Italy Claudio Martini, Italy Antonio Misiani, Italy Barbara Saltamartini, Italy Bruno Tabacci, Italy Walter Tocci, Italy Tomoko Abe, Japan Tetsuro Fukuyama, Japan Susumu Hamamura, Japan Yuriko Koike, Japan Takashi Kosugi, Japan Takeshi Maeda, Japan Hideki Makihara, Japan Hiroyuki Nagahama, Japan Masahuru Nakagawa, Japan Hideki Niizuma, Japan Tetsuo Saito, Japan Keisuke Suzuki, Japan Michiyo Takagi, Japan Shinako Tsuchiya, Japan Kaneshige Wakamatsu, Japan Kenji Yamada, Japan Kozo Yamamoto, Japan Shinichi Yokoyama, Japan Yumi Yoshikawa, Japan Masayoshi Yoshino, Japan Samir Murad, Jordan Wafa Bani Mustafa, Jordan Billow Kerrow, Kenya Alain Aoun, Lebanon Ali Ahmad Bazzi, Lebanon Henri Helou, Lebanon Yassine Jaber, Lebanon Mohammad Kabbani, Lebanon Atef Majdalani, Lebanon Ghassan Moukheiber, Lebanon Ali Osseiran, Lebanon Serge Torsarkissian, Lebanon Abdellatif Zein, Lebanon Edward Dagoseh, Liberia Ignacio Pichardo, Mexico Me Salima Faraji, Morocco Bas Eickhout, Netherlands Bukar Abba Ibrahim, Nigeria Ola Elvestuen, Norway Armando Villanueva Mercado, Peru Lucie Cissé, Senegal Mamadou Lamine Thiam, Senegal Papa Biram Toure, Senegal Carles Campuzano, Spain Sujeewa Senasinghe, Sri Lanka Jitu V. Soni, Tanzania Samba Jallow, The Gambia Ekanya Geofrey, Uganda Violet Akurut Adome, Uganda Yeri Ofwono Apollo, Uganda Atim-Ogwal Cecilia Barbara, Uganda Ajilo Maria Goretti Elogu, Uganda Lamwaka Margaret, Uganda Morris Ogenga Latigo, Uganda Biyika Lawrence Songa, Uganda Graham Stuart, United Kingdom Caroline Lucas, United Kingdom Mike Weir, United Kingdom John Prescott, United Kingdom Ed Milliband, United Kingdom Jeremy Lefroy, United Kingdom Clive Lewis, United Kingdom Alan Whitehead, United Kingdom Caroline Flint, United Kingdom Helen Goodman, United Kingdom Baroness Meral Hussein-Ece, United Kingdom Jeremy Lefroy, United Kingdom Lord Robin Teverson, United Kingdom Stephen Twigg, United Kingdom Lisa Nandy, United Kingdom Angela Rayner, United Kingdom Rebecca Long Bailey, United Kingdom Liam Byrne, United Kingdom Liz Kendall, United Kingdom Alison McGovern, United Kingdom Jamie Reed, United Kingdom Geoffrey Robinson, United Kingdom Stephen Kinnock, United Kingdom Nick Thomas-Symonds, United Kingdom Stephen Timms, United Kingdom Jonathan Reynolds, United Kingdom Maria Eagle, United Kingdom George Howarth, United Kingdom Albert Owen, United Kingdom Drew Hendry, United Kingdom Roger Mullin, United Kingdom Barry Sheerman, United Kingdom Andy Slaughter, United Kingdom Peter Dowd, United Kingdom Jon Ashworth, United Kingdom Rupa Huq, United Kingdom Louise Haigh, United Kingdom John Mann, United Kingdom Khalid Mahmood, United Kingdom Ed Markey, USA Matt Cartwright, USA Brian Schatz, USA .