Opening keynoteHenrik HusmanPresident of Nasdaq Helsinki

Sitra’s event: Assessing climate impacts of investments and climate-related financial risks

January 16th, 2018

ESG Related Investments andESG Data ReportingGrowing Fast

S&P 500 Companies Sustainability Reporting (G&A Institute, 2017)The Rise of Sustainability Reporting

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The Rise of ESG-Themed Investment in Europe

4 ESG REPORTING & THE MARKETS

European SRI StudyEurosif (2016)

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A global survey on sustainablity reporting,incl. 55 stock exchanges

Companies in Helsinki are World Class in ESG Reporting

Timeline source: PwC’s Corporate Responsibility Barometer 2017A total of 544 companies and organizations were assessed, from the year 2016, published by June 2017

Sustainability Reporting in Finland

4/5 of the 100 largest companies and organizations in Finland are reporting on ESG criteria, others not that active

Half of the companies listed on Nasdaq Helsinki main market report on ESG(2016 PwC report)

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Our ESG Commitment

Nordic Exchanges are Strong:World Class Long Term ReturnsAnnualized Real Rate of Return for Equity Markets 1966-2016 (51 years)

Source: Credit Suisse.All indicies are based on time series from (1966 - 2016)

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

TOP 20Rank Country Annual return %

1 Sweden 8,62%

2 Finland 8,60%

3 South Africa 7,59%

4 Denmark 7,35%

5 U.K. 6,53%

6 Netherlands 6,43%

7 Norway 6,40%

8 Ireland 6,16%

9 Europe 5,86%

10 Australia 5,79%

11 Germany 5,62%

12 Belgium 5,57%

13 France 5,56%

14 New Zealand 5,55%

15 Switzerland 5,45%

16 USA 5,41%

17 World-ex U.S. 5,27%

18 World 4,96%

19 Canada 4,69%

20 Spain 4,45%

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Future of ESG Reporting –We Believe Investor Interest Will Continue to Increase

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Working for better markets

In 2015, Nasdaq Stockholm launched the first market for sustainable corporate bonds in the world

• Development so far has been driven by sustainable or ‘Green Bonds’.

• However, there is a growing progression towards sustainable bondswith a wider focus on environmental and/or social positive impact.

Sustainable bonds are well suited for investors in search for sustainable investments

• The use of proceeds is earmarked for sustainable projects,which makes it easy for investors to follow and clearly see what their investment achieved.

• Climate Bonds Initiative estimates that in order to reach current climate goals, the sustainable bond market needs to grow to 1 trillion US dollars a year by 2020 (84 billion dollars raised in 2016).

Sustainable Finance

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ESG Reporting GuideMarch 2017

Pilot Program for ESG ReportingAs of November 2017

• To test the guide and developESG reporting practices

• Altogether 36 companies from all markets(17 from Finland)

• Voluntary, flexible and

encouraging approach for

Nordic and Baltic markets

• Support tool for listed

companies to assist them with

ESG reporting.

• Especially for SMEs planning to

initiate ESG reporting.

• Not a new framework:

The guide does not add,

set aside, replace or substitute

any obligations or standards.

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Nasdaq Helsinki –the First Green Office Exchange in the World

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WWF's Green Office = environmental program for offices

• Nasdaq Helsinki was rewarded with a Green Office Diploma in December 2010• For personnel, Green Office stands for fun and daily actions

for a better tomorrow

How to reduce carbon footprint?

• Saving energy, traveling less by plane, Savings so far:adding remote work andcarbon-free commuting

• Carbon footprint fully compensated:• Nasdaq Helsinki is the only carbon

neutral Stock Exchangein the Nordic region.

Electricity

consumption

- 60%in seven years

Paper

consumption

- 66%in seven years

Carbon

footprint

- 30%in six years

THANK YOU

Disclaimer

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All information contained herein is obtained by Nasdaq from sources believed to be accurate and reliable. Neither Nasdaq Nordic Exchanges nor any of its affiliates or subsidiaries (collectively “Nasdaq”) assumes any responsibility for any errors or omission contained herein. The information herein is not intended to provide legal advice on any matter, nor is it intended to be comprehensive. All information is provided “as is” without warranty of any kind. While the information has been prepared on the basis of the best information available, Nasdaq accepts no liability for decisions taken by any party, based on this information.