The initiative involves over 500 global investors with more than $47 trillion in assets.
The proposed board that would exist alongside the IASB under the IFRS Foundation.
Short selling bans deprive participants of information and make trading less orderly.
Initial pricing will generate a net loss for the new exchange on each transaction.
UBS said it is the first major global financial institution to make this recommendation.
Euronext is in discussions to submit an offer for Borsa Italiana.
The majority of banks have established board level oversight on sustainable finance.
Mouro Capital manages a portfolio of more than 30 companies.
The firm's technology helps financial institutions free up capital.