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Launch of the long-term stock market in the United States to push ESG investing forward

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The Long Term Stock Exchange (LTSE) recently began operating in the United States with the aim of transforming capitalism for the planet and people. Discouraging quarterly reporting and forcing all companies to consider all stakeholders, the LTSE offers companies and investors an alternative to traditional stock exchanges.

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Launched Wednesday, September 9, the debut of LTSE comes nine years after the entrepreneur and CEO and founder of the Silicon Valley platform, Eric Ries, proposed his concept of exchange that puts long-term thinking at its center. To be listed on the LTSE, companies must maintain and publish policies that outline their long-term strategies, measures and practices taking into account a broad group of stakeholders.

Among some of the principles The LTSE approach is to measure success in years and decades rather than submitting to the usual market pressures that encourage short-term results, and ensuring that the board of directors of companies explicitly oversees strategy long term while engaging with long term shareholders.

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In an audience Publish, Ries said his idea came from a wide range of discussions and conversations with long-term-focused institutional investors, business leaders, employees and managers.

Employees, customers, communities and the environment would be much better off. The majority of shareholders would also be better off, as these companies would be both better equipped to deal with the disruption of the pandemic and to emerge on the other side, ready to create value for years to come.

Eric Ries, Founder and CEO of LTSE

They described the immense pressure on companies to pursue short-term results rather than creating value for decades and generations to come, Ries wrote. They described innovation held hostage by boom-bust cycles, abrupt changes in governance, difficulties in maintaining consistency of purpose, and difficulty for SOEs to know who even their long-term shareholders are.

One of the few things that everyone has agreed on is that a focus on the short term hurts the creation of sustainable businesses, he added.

According to Bloomberg, the swap has so far raised an estimate US $ 90 million, with investments from venture capitalists including the Collaborative Fund, Andreessen Horowitz and the Founders Found.

Lily: 90% of global public investors now have ESG investment policies, new survey finds

As we adjust to a different world, a public market that provides businesses with the resilience of long-term governance and supports the creation of value over time can help put our society on a path to a stronger future. healthy.

Eric Ries, Founder and CEO of LTSE

The launch of LTSE comes at a time when environmental, social and governance (ESG) measures are increasingly a priority in the financial world amid the coronavirus pandemic, which has led to greater health concerns human and planetary. Recent data demonstrating the outperformance of ESG-focused investments has also reinforced longer-term, stakeholder-focused strategies linked to sustainability as a profitable approach.

Employees, customers, communities and the environment would be much better off. The majority of shareholders would also be better off, as these companies would be both better equipped to deal with the disruption of the pandemic and to emerge on the other side, ready to create value for years to come, wrote Laughs in his message.

As we adjust to a different world, a public market that provides businesses with the resilience of long-term governance and supports the creation of value over time can help put our society on a path to a stronger future. healthy.


Main image courtesy of AdobeStock / Getty / Designed by Green Queen Media.

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