General Questions
GIX will be a new registered securities exchange (similar to NYSE or Nasdaq). GIX dual-listing can be part of corporate strategy to demonstrate to the market support of its sustainability commitments and provide with consistent, reliable, transparent information about sustainability.
Exchanges are regulated by the Securities and Exchange Commission. Companies that choose to dual-list on GIX are signaling to investors that they are serious about sustainability and the environment.
The existing ecosystem around sustainability is well intentioned but has yet to deliver on its promises. Currently there is no easy, reliable method for investors to see who is delivering on sustainability. A GIX dual-listing is a simple, binary investment screen and investors can reward dual-listed companies by allocating sustainable investment dollars to them. Investors benefit from knowing which companies are committed to delivering long-term value from sustainability initiatives and which are not.
- Leadership – The company and its board should have public commitment to long-term sustainability and create meaningful mechanisms to hold itself accountable.
- Stakeholders – The company should identify, engage, and communicate with key stakeholders in its sustainability commitments.
- Goals – The company should have a plan (short-, medium-, and long-term) that will lead to operating its business sustainably.
- Strategy – The company should align its business strategy with its principles and implement policies and processes designed to achieve its sustainability commitments and goals.
- Reporting – The company should adopt a commonly accepted sustainability framework and commit to regular public reporting of their sustainability metrics.
- Alignment – The company should ensure that its sustainability commitments are reflected in aspects of the company's business and operations.
GIX does not focus on incremental environmental metrics (e.g., yearly carbon output) but instead looks at whether the company has a robust governance infrastructure that supports positive progress toward its sustainability goals. It's not that metrics aren't important, but that without a plan and a strategy, metrics don't provide the necessary investment context to understand the big picture.
GIX filed our application with the SEC in May 2024. Once we receive SEC approval, we expect to launch in a reasonable timeframe thereafter.
Issuer Questions
GIX will initially be a dual listing venue, meaning that a company must be listed on another exchange to qualify to list on our exchange. In the future, we plan to offer companies the option to use GIX as their primary listing venue for ordinary equity shares and/or other classes of equity securities.
Dual-listing makes issuers a more attractive investment for sustainability-conscious investors. It also provides a unique benefit for firms seeking sustainable earmarked funds (new/better branding opportunities, potential reduced cost of capital, and the potential for better stock performance).
GIX will begin dual-listing and trading companies after it receives regulatory approval from the US Securities and Exchange Commission. If you would like us to keep you posted about our progress, please sign up for our mailing list
The dual-listing fee for a company to join and list on GIX will be in line with other major exchanges. GIX listing fees will be based on the market cap of the company. For a company to be listed, it must also meet and maintain the Exchange's listing and governance criteria.
Frameworks such as SASB, TCFD, GRI are all accepted by GIX, but there are others as well.
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Investor Questions
GIX will provide competitive trading fees and liquidity, NMS compatibility, and the ability to access reliable information about companies’ commitment to sustainability. In addition, a portion of all trading proceeds will go to GIX’s Return to Green program, which will fund sustainability efforts by organizations on the front lines of sustainability.
The trading fees for GIX will be in line with other major exchanges. Fees are subject to SEC review, and will be announced once we have received approval of our Exchange application from the SEC.
GIX is working with our vendors and consultants to implement a carbon-neutral trading experience upon launch.