The Mexican Stock Exchange (“BMV”) joins the SSE initiative
Spanish Version- En espanol
Mexico City –
BMV Group has announced its adhesion as a Partner Exchange to the Sustainable Stock Exchanges (SSE) Initiative. The initiative is the learning platform to explore how stock exchanges can work together with investors, regulators and companies to improve corporate transparency and eventually performance in Environmental, Social and Governance (ESG) issues in order to foster responsible and long-term investment approaches.
“We welcome the Mexican Stock Exchange as an SSE Partner Stock Exchange, representing an important market in Latin America”, said Georg Kell, Executive Director of the UN Global Compact, and a co-organizing partner of the SSE. He added, “We encourage other exchanges to join the SSE in its critical work to advance sustainability in financial markets around the world”.
The Sustainable Stock Exchanges Initiative was created by the United Nations in 2009. It was named by Forbes magazine as one of the “Best Sustainability Ideas in the World” and is organized by the United Nations (UN) among the Global Compact, the UN Environment Program’s Finance Initiative, the Principles for Responsible Investment, and the UN Conference on Trade and Development.
Partner Exchanges have assumed the common commitment to encourage responsible investment and the efficient disclosure and performance in ESG issues. It is also a great opportunity to share best practices and learning among key stakeholders.
Some of the most important stock markets in the world have already joined this initiative, such as the NYSE, Euronext, Nasdaq OMX, BM&F Bovespa, the Johannesburg Stock Exchange, to mention a few.
In this sense, BMV Group recognizes that sustainability and social responsibility are determining factors for corporate activities within the global context. Issues such as environmental pollution, the over-exploitation of resources and the collateral effects of corporate profits on society and its environment are becoming more and more important in our times.
This is why BMV Group continues to work to strengthen its sustainability strategy, convinced that investments in social, environmental, corporate governance and ethical issues will help to construct a profitable, sustainable and fair economy.
To learn more about this Initiative and its Global Dialogue 2014
in Geneva on 14 October, visit: www.sseinitiative.org/
About the BMV Group
The BMV Group is comprised by companies which in alliance offer financial services and products whose applications, development, operation and management are fully integrated. Through the modern technological and state of the art infrastructure of every company within the BMV Group, the operations of the organized market of capitals, debt, derivatives, OTC markets and other financial assets are conducted. Additionally, information of the operational capacity in the different markets and instruments, as well as the companies trading in them is processed, offered and distributed. It develops, calculates and disseminates different stock market indexes. Financial assets valuation processes and pricing procurement are supplied. It provides custody and liquidations, as well as clearing houses services pro the stock and derivatives markets. The companies comprising the BMV Group are: Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV); Mercado Mexicano de Derivados, S.A. de C.V. (MexDer); S.D. Indeval, S.A. de C.V., Institución para el Deposito de Valores (Indeval); Valuación Operativa y Referencias de Mercado, S.A. de C.V. (Valmer); Asigna, Compensación y Liquidación, S.A. (Asigna); Contraparte Central de Valores de México, S.A. de C.V. (CCV); SIF ICAP, S.A. DE C.V. (SIF ICAP); Bursatec, S.A. de C.V. (Bursatec); InterGloval BMV, S.A. de C.V. (InterGloval).