The Maldives Stock Exchange (MSE) has claimed it is the first in the world to become ‘carbon neutral’.
The MSE says it has worked to measure and offset emissions caused by its use of energy, waste disposal, business travel and staff commuting.
The stock exchange worked with offsetting company The CarbonNeutral Company to measure total greenhouse emissions and offset it through the purchase of carbon credits.
CEO of the MSE Ibrahim Nasir said that by adopting a leading environmental position within the financial services arena, “we hope to encourage listed companies within the stock exchange to also take action for the impact of their carbon emissions.”
President Mohamed Nasheed has said the entire country will be carbon neutral by 2020.