Nasdaq's CEO said U.S. inaction on climate change is 'not necessarily a good thing' and has left a 'hole' for companies to fill in.
at 2020's edition of Davos, an event in the Swiss Alps that hosts some of the world's best-known world leaders and billionaires. It's being attended this year by Greta Thunberg, the teen environmental activist that found herself in athat the remaining carbon budget would be "gone in less than eight years" at current emission levels. "These aren't anyone's views. This is the science.
Friedman said that Nasdaq has been upping its game in making the capital markets business greener, with the introduction of new securities, like green bonds and funds focused on environmental, social and corporate governance . Nordic stock markets like Sweden and Finland's have been leading the way on those initiatives, she said.
"We own all the markets in the Nordic countries, and the Nordics are leading the world in terms of issues of climate change," said Friedman. "We're bringing that DNA into our American business as well." Nasdaq operates the Nasdaq stock market in New York as well as eight European exchanges, including Copenhagen, Helsinki and Stockholm.
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