NYSE plays a central role in capital allocation by listing companies and facilitating their access to capital markets. It has the power to influence responsible capital allocation by encouraging companies to adopt ESG best practices, which includes considering environmental sustainability, social impact, and ethical governance in their business operations. NYSE maintains high ethical governance standards within its own operations and serves as a model for corporate governance best practices. The exchange’s adherence to ethical principles sets a benchmark for listed companies and reinforces the importance of strong governance in maintaining trust and integrity in the financial industry. NYSE often engages in educational initiatives and advocacy efforts related to ESG. These programs help raise awareness about the importance of ESG considerations among market participants and advocate for responsible investing, influencing broader adoption of sustainable and ethical practices within the financial industry.