Draft:Sustainable Trading
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Comment: In accordance with Wikipedia's Conflict of interest policy, I disclose that I have a conflict of interest regarding the subject of this article. KerryM-TRG (talk) 06:53, 16 September 2025 (UTC)
''Sustainable Trading'' was a non-profit membership organisation focused on incorporating environmental, social and governance (ESG) practices into trading operations across the global financial markets industry.
Active from 2022 to 2025, it brought together asset managers, exchanges, brokers, technology vendors and service providers to develop ESG tailored to the trading ecosystem.
History
[edit]Sustainable Trading was founded in February 2022 by Duncan Higgins.[1], a former executive at ITG and UBS.
The organisation launched with over 30 founding member firms, including Euronext, AXA Investment Managers, Bank of America, Instinet and London Stock Exchange Group[2]. Its aim was to develop sector specific ESG frameworks and encourage coordinated efforts across trading participants.[3]
The initiative operated until mid-2025[4], when it announced a formal wind-down. The decision followed a period of declining membership and reduced capacity, in the context of shifting political and regulatory sentiment around ESG[5].
Organisation and Governance
[edit]Sustainable Trading operated as a non-profit governed by a board of directors composed of representatives from member firms[6]. The board oversaw strategy and financial management. Steering committees and working groups drawn from the membership helped to develop best practices, toolkits and guidance.
In 2024 and 2025, new board members were appointed, including Eleni Coldrey (Equinix), Asha Patel (Instinet), Ebrahim Patel (RMB), Philip Bille (Degroof Petercam) and Chiara Ginty (BTIG). They joined Duncan Higgins (CEO), Frank Loughlin (AllianceBernstein) and Etienne Phaneuf (ArchES). Some earlier board members, Clarissa De’Giorgio (BTIG) and Lorna Boucher (Liquidnet), stepped down in 2024[7][8]
Activities
[edit]Sustainable Trading structured its work around six thematic areas:
- Best Practices Framework – A set of 83 recommended ESG actions across six domains: technology infrastructure, environmental business practices, diversity and inclusion, community engagement, employee wellbeing and governance. First published in 2022, the framework was periodically updated.[9]
- Member Progress Framework – Introduced in 2024, this tool enabled member firms benchmark their ESG maturity across five tiers.[10]
- Workshops and Events – More than 130 collaborative sessions were held, involving over 250 professionals across ESG, trading, operations and HR functions.
- Outreach and Education – Supported volunteering initiatives and careers sessions (the latter in partnership with Reed in Partnership, introducing more than 850 students to potential careers in trading).[11]
- Employee Experience Research – Industry-wide surveys conducted to assess attitudes toward mental health, flexibility, inclusion and workplace culture in trading environments.[12]
- Thought Leadership and Publications – Published articles, participated in industry events and contributed to media discussions on sustainability and culture in trading.
Membership
[edit]Sustainable Trading repoted having 67 member firms from 11 countries across three continents. These included investment managers, broker-dealers, exchanges, trading venues and technology providers:
Aegon Asset Management, AllianceBernstein, ArchES, AXA Investment Managers, Bank of America, Barclays, big xyt, BMLL, BMO, BNP Paribas Asset Management, BTIG, Cabrera Capital, Capital Group, CastleOak Securities, Cboe Global Markets, Citi, Davy, Degroof Petercam, Equinix, Euronext, Federated Hermes, Fidelity International, Fidelity Investments, Finance in Motion, Goldman Sachs Asset Management, Goodbody, IEX, Imperative Execution, ING, Instinet, Invesco, Investec, Iress, Jefferies, Kepler Cheuvreux, Liberum, Liontrust, Liquidnet, M&G, Mizuho, Neovest, Ninety One, Norges Bank Investment Management, Northern Trust, Options IT, Outset Global, Redburn, RMB, Schroders, State Street, TD Cowen, Telehouse, Tourmaline Partners, Tradeweb, T. Rowe Price, Union Investment, Verne Global, Wellington Management.
Recognition
[edit]Sustainable Trading was recognised by several industry awards:
- Business Excellence Awards 2023: Top 1% Workplace Finalist (Harrington Starr)[13]
- Markets Media Markets Choice Awards 2024: Instinet Positive Change Award for Sustainability[14]
- A-Team TradingTech Insight Awards Europe 2025: Most Innovative Approach to Sustainability in Trading[15]
Closure
[edit]In July 2025, the organisation announced its intention to wind down operations, following a vote by its membership and recommendation by the board.[16] The closure was attributed to a combination of reduced membership engagement, organisational resource constraints and a less favourable environment for ESG-focused initiatives in finance.
Although Sustainable Trading ceased operations in September 2025, a simplified website remains accessible, offering selected resources and frameworks for public use.
References
[edit]- ^ Dodds, Lynn Strongin (2022-02-22). "Sustainable Trading launches non profit ESG trading network". Global Trading. Retrieved 2025-09-15.
- ^ "Sustainable Trading launches non-profit membership network to drive ESG change across financial markets - Hedgeweek". 2022-02-22. Retrieved 2025-09-15.
- ^ GlobalTrading (2022-06-21). "Trading Adapts to ESG and Sustainable Investing". Global Trading. Retrieved 2025-09-15.
- ^ Prendergast, Robert (2024-04-18). "ING, Optiver and Exegy to join further Sustainable Trading". Retail Banker International. Retrieved 2025-09-15.
- ^ Cocksedge, Natasha (2025-08-06). "Sustainable Trading shutters amidst unfavourable 'political headwinds'". The TRADE. Retrieved 2025-09-15.
- ^ "SUSTAINABLE FINANCIAL MARKETS LIMITED people - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2025-09-15.
- ^ Cameron, Sophie (2025-03-27). "Sustainable Trading marks three-year milestone with two new board appointments". Sustainable Trading. Retrieved 2025-09-15.
- ^ Chan, wendy (2024-03-14). "Sustainable Trading Appoints Three New Members to Board". Sustainable Trading. Retrieved 2025-09-15.
- ^ Trading, Sustainable (2025-08-06). "Sustainable Trading Closes Doors but Leaves Behind a Lasting Industry Legacy". Traders Magazine. Retrieved 2025-09-15.
- ^ Bray, Wesley (2024-11-12). "Sustainable Trading launches Member Progress Framework". The TRADE. Retrieved 2025-09-15.
- ^ Cameron, Sophie (2025-05-21). "How Reed in Partnership and Sustainable Trading are opening eyes and doors for the next generation". Sustainable Trading. Retrieved 2025-09-15.
- ^ GlobalTrading (2024-10-16). "The high stakes world of trading: Evolving employee attitudes and expectations". Global Trading. Retrieved 2025-09-15.
- ^ profile (2023-10-24). "This Year's Finalists | The Top 1% Workplace Awards 2023". www.harringtonstarr.com. Retrieved 2025-09-15.
- ^ Lyudvig, Anna (2024-05-24). "Instinet Positive Change, Sustainability: Sustainable Trading". Traders Magazine. Retrieved 2025-09-16.
- ^ sharon (2025-02-28). "A-Team Group Announces Winners of its TradingTech Insight Awards Europe 2025". A-Team. Retrieved 2025-09-16.
- ^ Cocksedge, Natasha (2025-08-06). "Sustainable Trading shutters amidst unfavourable 'political headwinds'". The TRADE. Retrieved 2025-09-16.