TGE Polish Power Exchange: Best Sustainable Commodities Exchange Central Europe 2022


Companies worldwide are feeling the pressure to move towards more responsible practices — and that momentum has spurred significant innovation across the energy landscape. TGE (Towarowa Giełda Energii) Polish Power Exchange 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 integrated 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. In 2021, TGE partnered with other exchanges and countries to develop hydrogen, biogas and biomethane sectors in the region. In December, it announced a partnership with the Hungarian National Bank and Budapest Stock Exchange to establish a commodity market post-trade operator. The judging panel presents TGE Polish Power Exchange — a repeat programme winner — with the 2022 Best Sustainable Commodities Exchange (Central Europe) award.

Tags assigned to this article: