India INX ties up with Luxembourg Stock Exchange for ESG development in local market

India International Exchange (India INX), BSE’s international arm on Thursday announced its memorandum of understanding with Luxembourg Stock Exchange for development and promotion of ESG and green finance in the local market.

The pact with Luxembourg Stock Exchange will provide opportunities for dual listing, enhancing visibility and also increase secondary market trading in green, according to a press note by India INX.

India INX launched its green listing and trading platform last year. GSM Green serves as a platform for fundraising and trading green, social and sustainable bonds exclusively. The platform of India INX is established as per ICMA’s Green Bond Principles and Climate Bonds Initiative which provides an ideal platform for global investors to invest. India INX is committed to facilitate fund raising for green financial projects and promotes ESG standards through GSM Green Platform.


Since the launch of the Global Securities Market, it has been the leading listing platform for bonds at GIFT IFSC. MTNs established on the platform since launch in Jan 2018 aggregate to over USD 48.5 billion and listing of bonds more than $ 22.6 billion, of the same $ 1.75 billion have been listed on the dedicated GSM green platform.

Robert Scharfe, CEO, Luxembourg Stock Exchange, said, “As a leading international exchange, we have a deep-routed ambition to build closer relationships with Indian market participants, which is taking even stronger steps through today’s cooperation with India INX. I look forward to putting this business cooperation into action and developing what I consider to be only the very beginning of a long and fruitful relationship.”