TGE named Best Sustainable Commodities Exchange (Central Europe) for the third time

04-07-2022
  • The performance of TGE Polish Power Exchange has once again been recognised by the London-based magazine Capital Finance International (CFI.co), which awarded the title of Best Sustainable Commodities Exchange (Central Europe) to the Polish bourse for the third consecutive year.
  • The award was given as part of an annual ranking, in which CFI.co identifies companies and organisations from around the world that contribute to the convergence of economies and provide inspiration for others.

“Every year presents new challenges. We know that in order for the stock market to grow, we need to respond proactively in each case. But nothing would be possible in isolation from the individual and the environment where we live. What matters to TGE is growth in the traditional sense but also what goes beyond the Excel sheets – our employees, their lives, the environment and responsibility for our decisions. This is why the WSE Group, which we are part of, introduced its groupwide ESG Strategy 2025. In line with its guidelines, in our activities we not only focus on shaping business in a sustainable manner but also strive to promote responsible behaviour by, among other things, educating market participants and promoting value-driven attitudes. We are extremely pleased that our approach has been recognised by CFI.co magazine, which, for the third time, awarded the title of 'Best Sustainable Commodities Exchange (Central Europe)' to TGE. It is a great honour to be among the companies that stand out with their excellence and may also serve as an example for others” - said Piotr Zawistowski, President of the Management Board of TGE.

CFI.co magazine focuses on finance, economics and business issues – all with the aim of giving readers a better understanding of the forces influencing and reshaping the global economy. For years, both in print and online, the editors have been providing information on international markets, analysing growth drivers and identifying successful regions, industries and companies. While describing the drivers of economic convergence, the magazine identifies the leaders in their fields with intent to provide a source of inspiration for other companies operating in similar areas.

As part of this long-standing competition, CFI.co follows the performance of thousands of entities and organisations from all over the world. User’s nominations submitted through the website are reviewed to create a short list

“TGE has been contributing to the modernisation and democratisation of energy markets over the past 22 years. TGE is owned by the largest bourse in Central and Eastern Europe, the Warsaw Stock Exchange (GPW). A groupwide ESG strategy has been implemented to promote ethical business behaviour. TGE believes the key to sustainable development lies in collaboration towards a shared vision. The pandemic proved this point, forcing society to alter hardwired habits and forge new paths. Digital capabilities are now more important than ever, and TGE's continuous investments in tech infrastructure and energy efficiency are paying dividends in terms of convenience, transparency, value and energy security. It has introduced products to support building development and increase access to renewables. It's pushing for better pricing benchmarks in the energy industry, as high prices and frequent fluctuations must be managed to prevent collateral damage and keep the market safe” – reads the Judges’ Report supporting the award of the Best Sustainable Commodities Exchange (Central Europe) title to TGE.

Press Release (pdf)