Exchange in Focus: Costa Rica Exchange celebrates first Green Economy Summit, signs Green Economy Principles
(5 September 2018) The first Green Economy Investment Summit
in Costa Rica, hosted by SSE Partner Exchange the National Stock Exchange of Costa Rica (BNV), in collaboration with the Asociación Costa Rica por Siempre
, was held on September 5th
in San Jose city.
The high-level meeting brought together government leaders, entrepreneurs, multilateral organizations and institutional investors with the theme “impacting with profitability”. The Climate Bond Initiative (CBI) and The Global Impact Investing Network (GIIN) participated and shared with the attendees the importance of investing in a green economy, and the potential business that Costa Rica could attract by consolidating its image as a “green country”.
As part of the summit a cooperation agreement between the BNV and Asociación Costa Rica por Siempre
was formalized. “
This agreement has the purpose of establishing reciprocal cooperation, for the realization of activities with a common interest in sustainability. This agreement seeks to promote knowledge and awareness of, and businesses related to, sustainable finance, green economy and responsible investment,”
said María Brenes, Director of Development and Corporate Relations of the National Stock Exchange of Costa Rica.
The summit was the first in a series of initiatives and events that are to be carried out as part of the agreement.
The Declaration of Green Economy Principles was also signed following the summit. The signatories of this declaration have committed to work on business practices and specific activities that will promote a green, low carbon economy in Costa Rica. This will include the promotion of green bonds in Costa Rica by the BNV, and the launch of the Impact Investment Program by the Asociación Costa Rica por Siempre.
Green Economy Principles
The Asociación Costa Rica por Siempre is a private organization that promotes the conservation of ecosystems through environmental funds and partnerships with government, civil society, and the private sector.