News roundup! Wednesday's launch was a success, and picked up by a number of news outlet. Here are a few places where our story ran. Be on the lookout for more news and updates coming soon.

Bloomberg: 

News Roundup

We’re proud to announce publicly the establishment of the Green Impact Exchange (“GIX”). We’ve been operating in “stealth” mode for the past year, so this is a big step in our improbable journey from an idea and a mocked-up logo pinned to a wall for inspiration to a full-fledged company doing real and important work.

GIX is a new capital market bringing together environmentally-conscious investors and companies committed to a greener future. In a world filled with greenwashing, GIX incentivizes companies who are serious about sustainability to make a credible commitment to environmental goals. This simplifies the investment landscape for green-minded investors and helps companies access the vast and growing pool of capital earmarked for sustainable investment.

GIX uses enforceable exchange listing standards that require listed companies to adhere to sustainable principles and practices. These standards hold companies accountable — because that’s what it takes to build a clear, impactful, and sustainable marketplace.

Our actions today have a huge impact on our collective tomorrow. At GIX, we are committed to helping companies develop responsible, thoughtful, and comprehensive approaches to sustainability. By creating an ecosystem where green companies and green investors can thrive, the Green Impact Exchange is leading the way to a greener future.

If you’re a green-minded issuer or investor, we want to work with you. Together, we can ensure that tomorrow’s blue chips will be green!

Coming out of "Stealth" Mode

GIX CEO Dan Labovitz was a featured panelist at the the 

2022 IR Summit UK: Investor Relations and ESG Best Practices and Trends

 on June 15, 2022, sponsored by the London Stock Exchange Group and 

For a video of the event visit this link (free registration may be required): 

https://www.lsegissuerservices.com/spark/ir-summit-trends-best-practices

IR Summit UK: Investor Relations and ESG 

Yesterday, the Supreme Court of the United States ruled in 

 that the Clean Air Act does not give the Environmental Protection Agency clear authority to mandate that power companies transition from coal to other power sources that emit fewer greenhouse gases. This ruling will have significant and far-reaching implications for the role of the federal government and the states in setting environmental policy. 

While this issue will surely play out in federal and state politics, one thing is clear: the risks associated with climate change are not going away. And investors — particularly younger, more green-conscious investors — know this. The trend lines prove that these investors want their investment dollars to make a difference. In the absence of consistent guidance from federal and state authorities, it will be up to individual companies in the private sector to decide whether they want to be leaders or laggards, and to act accordingly, including making credible, enforceable commitments to green leadership and green follow-through in everything that they do.

We at the Green Impact Exchange believe in the power of markets to allocate capital where it is needed most. Now, more than ever.

Statement on the June 30 U.S. Supreme Court Decision

GIX CEO Dan Labovitz participated in a panel discussion at the Trading Evolved Best Execution Conference on June 14. The panel, "ESG Considerations in Trading and Best Execution," asked the question of how environmental, social, and governance considerations intersect with broker-dealers' trading function. Check out this 

write-up of the event in Traders Magazine

The consensus of the panel was that, broadly speaking, ESG is the province of asset managers who are selecting what to buy or sell, not the traders who are responsible for executing the trade. This is because trading desks are generally measured by how well they were able to execute the trades, not their ESG impact. That's starting to change, though: when it comes to trading, ESG "is like a freight train just starting to move: it hasn’t gone far yet, but the wheels are turning, and at some point the locomotive will be hard to stop."

Dan noted that exchanges have a role to play in ESG, but broadly speaking, “there is a lack of leadership that the industry needs to confront." The panelists agreed that the trading industry should get in front of ESG and develop its own framework.

GIX CEO quoted in Traders Magazine article on ESG Panel

ESG is suddenly in the news, as the SEC takes aim at issuers' disclosures around climate, and at advisors who are creating all kinds of ESG-flavored funds. Meanwhile, the amount of investable dollars committed to ESG investing has soared from about $2 trillion ten years ago to $20 trillion and climbing. But how "new" is ESG, anyway? Would you believe it's 90 years old?

, GIX CEO Dan Labovitz digs into a forgotten bit of ESG history, and the influence of a young law professor at Columbia Law School in 1932 who articulated one of the earliest legal justifications for corporate social responsibility.

Photo of Adolf Berle by Walter Albertin, New York World-Telegram and the Sun staff photographer, c. 1965, courtesy of Wikimedia Commons

The New Old Thing

GIX CEO Dan Labovitz was a featured speaker at the 

 Invitational Conference, as part of a panel discussion on "Profiting from ESG: The Truth and the Darkside", sponsored by MZ Group. The conference took place June 7-9 in Westlake Village, CA.

"There's no denying that ESG has 'arrived' as a thing, and therefore companies need to pay attention to it," Dan told attendees. "But it doesn't have to be just a cost -- if you really own it and do the work, ESG can be an asset. Investors, particularly younger generations, but also employees, customers, and other key stakeholders, are watching to see what you do on the environment, social issues, and governance. Evidence suggests that if you're more transparent about those things, they will notice and react positively."

Since its inception in 2010, the LD Micro Invitational has helped many of the successful names in small-cap today connect with investors and get noticed. Held in person for the first time in two years, this invitation-only event let investors hear directly from the leaders of over 180 companies as they made the cases for their companies. The conference also featured analyst-moderated chats, interactive breakout sessions, and presentations by vendors and others would work with micro- and mid-cap companies.

GIX gratefully acknowledges the support of 

 for facilitating our appearance at the conference.


See the forest through the trees