Public and Private Institutions and Companies: All Committed to Promoting CSR
A symposium was held on June 28, 2022, under the patronage of the President of the Government, Ms. Najla Bouden, on the topic: "Public and Private Institutions and Companies: All Committed to the Establishment of CSR" organized by the Tunis Stock Exchange in collaboration with the Directorate General of Governance and Corruption Prevention at the Presidency of the Government for the benefit of the heads of governance units within ministries, public institutions, and companies, with the participation of representatives of several public bodies involved in the field as well as international partners, including the United Nations Development Program office in Tunisia and the Financial Market Council.
The symposium focused on the importance of adhering to the process of corporate social responsibility by presenting the international and national experiences of certain state-owned enterprises and private sector companies.
There was also a presentation of the Environmental, Social, and Governance (ESG) reporting guide developed by the Tunis Stock Exchange in partnership with the Financial Market Council for the benefit of companies, particularly those listed on the stock exchange, as a best practice to encourage governance units within ministries, companies, and public institutions to draw inspiration from it in order to adhere to this process.
The speakers also focused on non-financial reporting on CSR, its benefits for companies, its usefulness for shareholders, and its effects on increasing market transparency. In this context, they urged companies listed on the Tunis Stock Exchange to adhere to this practice, which has become an international obligation under pressure from regulators and investors, as shown in the latest report by the Sustainable Stock Exchanges Initiative, published recently on the sidelines of the International Investment Forum held from October 22 to 26, 2018.
2024 ESG Disclosures by Listed Companies
Following the publication of eight (8) ESG reports in 2024, covering the 2023 fiscal year, 2025 began with a stronger momentum in the release of non-financial disclosures by listed companies.
This trend reflects the collective efforts of all stakeholders, as well as the growing maturity of listed companies, which are increasingly convinced of the value and importance of ESG reporting.
In this context, a first group of thirteen (13) listed companies has already published ESG reports this year.
Carbon footprint of listed companies for the 2024
In 2024, there was a significant increase in the number of listed companies reporting their carbon footprint, rising to nine companies compared to three in 2023.
ESG Report 2024 of Tunis Stock Exchange
Tunis Stock Exchange announces the publication of its first ESG (Environment, Social and Governance) Report 2024. Through this initiative, Tunis Stock Exchange confirms its ambition to be a leading actor in establishing ESG practices in the Tunisian financial market.
The report is a continuity of Tunis Stock Exchange's adherence to the United Nations Sustainable Stock Exchanges (SSE) Initiative, and follows the issuance in 2021 of the ESG Reporting Guide, in collaboration with the Financial Market Council.
With the publication of its own ESG Report, Tunis Stock Exchange is continuing to play its role as a driving force for companies, particularly those listed on the stock exchange, and for all capital market participants, by providing a practical example of what it promotes through its tools and support.
The report highlights the concrete initiatives undertaken, the approach in line with international standards such as the Global Reporting Initiative (GRI) and the United Nations Sustainable Development Goals (SDGs).
Lastly, it is significant to note that the voluntary approach to extra-financial disclosure is gaining ground in our Tunisian market ecosystem, which suggests that our regulations should be brought forward at a faster pace.