The Securities and Exchange Commission (SEC) has approved the Form 1 application for the Green Impact Exchange (GIX), marking a major milestone in the creation of the first US-based stock market focused solely on the $35tn sustainability economy.
The approval paves the way for GIX to become a registered securities exchange, providing a dedicated listings and trading venue for companies and investors aligned with sustainable business practices. GIX aims to help public companies manage climate-related risks, create long-term value, and respond to growing global demand for sustainable investment opportunities.
GIX CEO and co-founder Dan Labovitz welcomed the approval, stating, “Today’s approval order is an important step forward for sustainability-minded investors and companies. We are grateful to the SEC Commissioners and staff for their thoughtful engagement throughout the application process, and their support for market-driven innovations that will improve capital formation. We look forward to launching the Green Impact Exchange.”
The new exchange will feature technology developed by MEMX, a US-based exchange operator, offering a competitive and streamlined trading experience. It will support non-tiered liquidity and quoting programmes to encourage market participation from members and market makers. As part of the National Market System (NMS), GIX will also provide best execution for all trades routed to its platform.
Charles Dolan, GIX president and co-founder, emphasised the business case for sustainable investing: “Climate risk is business risk. It’s that simple. U.S. investors and companies are continuing to pursue sustainability because it makes financial and competitive sense. Public markets like GIX have a pivotal role to play in connecting sustainable investors with companies that understand that.”
GIX is expected to begin trading operations in early 2026, and its launch signals a significant step towards aligning capital markets with the principles of environmental and social responsibility.
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