Within the framework of the World Environment Day, the Institutional Stock Exchange (BIVA) announced its collaboration in the launch of the Institute of Sustainable Finance (IFS), an initiative of the Green Finance Advisory Council (CCFV). The Council is oriented to the training of professionals, responding to the market need for the incorporation of human capital ready to make decisions within a new investment paradigm.
This new paradigm is made visible in the growing presence of instruments labeled as green, sustainable or social, as well as the development of new information disclosure practices, which provide investors with non-financial information subject to the interpretation of decision makers. Such non-financial information may include elements such as strategies to mitigate vulnerability to the climate crisis or modifications to the value chain to include more responsible practices, these being new decision factors for the financial sector.
Find out more about the initiative of the Green Finance Advisory Council to create the Institute of Sustainable Finance and why BIVA supports this initiative, with the Born2Invest mobile app. Read the latest economic news and stay on top of the market with our companion app.
The Institute of Sustainable Finance as part of the move towards a sustainable financial system
With this in mind, the CCFV took the initiative to generate a space that promotes the creation of the necessary capacities to move towards a sustainable and resilient financial system, with the intention of assuming the climatic and social challenges. CCFV took into account the risks and opportunities present in all sectors of the economy, materializing in the creation of the Institute of Sustainable Finance.
BIVA to promote companies with sustainable goals
In addition to this initiative, BIVA is committed to sharing best practices, based on local and international experiences with the intention of training new generations aware of their responsibility as decision makers.
The global and Latin American financial ecosystem is currently facing unprecedented challenges and uncertainties. Within this framework, BIVA invites the actors of the Mexican financial market to ensure that, during this unique period, all ESG issues continue to play a fundamental role in investment decision making.
As one of the axes of its sustainable strategy, BIVA adheres to international sustainability standards, understanding the concern for the care of the environment, as well as the impacts and/or consequences derived from climate change and global warming.
María Ariza, BIVA’s general manager, said that “with the creation of the FTSE4GOOD BIVA Index we are promoting that sustainable companies not only focus on good short-term returns on their actions but also provide added value to shareholders by generating benefits in the communities where they operate, improving the economic and social environment.”
“We are committed to generating a sustainable financial market. Our Strategy takes into consideration the environmental, social and corporate governance (ESG) issues that impact our business, operations and stakeholders, so our team works together to create an impact on the markets and communities where we live and work,” added the BIVA director.
The Institute of Sustainable Finance is a branch of the CCFV that, starting next semester, will support both its members and elements external to the Council through workshops, seminars and diplomas.
Javier Bernal, Grupo Financiero Monex’s Money Market Director and CCFV Board Member, stated, “We have no time to waste: the environmental and social impacts are present, and we need professionals who are prepared to make more complex investment decisions that incorporate a more complete risk analysis.”
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First published in Grupo EN Concreto, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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