Bolsa de Valores de Lima

Country
Peru
Number of listed companies
261
Domestic market capitalization
95,014 million US$
SSE Partner Exchange

Yes

Has annual sustainability report

Yes

 

ESG reporting required as a listing rule

Yes

  • Resolution SMV N. 033-2015-SMV/01 passed 15 November 2015 requires issuers to present a corporate sustainability report and a report on good corporate governance as an annex to its annual report. The format for these reports can be found on the Market Regulator's website, as well as on the BVL website.
Has written guidance on ESG reporting

Yes

  • The BVL worked with the PIR, which it is a founding associate of, to publish in 2017 a user guide for filling in the corporate sustainability report required by the market regulator (SMV).
Offers ESG related training

Yes

Market covered by sustainability-related index

Yes

  • BVL created the Good Corporate Index (IBGC) in 2008.
  • On 16 Feb 2017 the MILA exchanges (which includes BVL) announced an agreement with S&P Dow Jones Indices, the IFC, and RobecoSAM to develop a new ESG index for the region.
Has sustainability bond listing segment

Yes

  • The Lima Stock Exchange uses a "V" for Green Bonds and "S" for social Bonds at the beginning of the Ticker in order to differentiate the nature of the bond.
  • Guide for listing green bonds published by the BVL found here in Spanish
  • 2018 Green Bond Reviews:
    • https://www.bvl.com.pe/BonosVerdesReporte.pdf
    • https://www.bvl.com.pe/BonosVerdesReporte_Vigeo.pdf
Has SME listing platform

Yes

Additional information
  • For the second time in history a woman is President of the Board Directors of the Lima Stock Exchange. In March 2019, the General Meeting of shareholders named to Claudia Cooper Fort as President of the Board Directors of BVL.
  • The BVL is a founding associate of the Asociación para la Promoción de la Inversión Responsable y Sostenible (PIR), a network supporter of the UN Principles of Responsible Investment (PRI). Through the PIR, the BVL promotes investment policy and practices that incorporate ESG information.
  • The BVL has had its carbon footprint calculation certified by A2G Sostenibilidad y Cambio Climático. See the certificate here.
  • The BVL works with EY to produce a yearly report on Good Corporate Governance in Peru, based on a yearly survey The Voice of the Market (La Voz del Mercado). See the 2016 report here. The report educates the market on good corporate governance. Past reports: 2015, 2014.
  • Gender equality initiatives: For the third consecutive year, the BVL participated in the SSE's "Ring the Bell for Gender Equality" in 2018, in support of SDG 5 - Gender Equality.
  • In 2017, the BVL, the American Embassy and the Woman Corporate Directors developed a leadership workshop called "Breaking the Glass Ceiling - BTGC Peru" aimed at CEO's, women VPs and senior managers of companies listed on the BVL, with the aim of training them in leadership and awareness in their working environment to implement policies aimed at closing the gender gap and publicly disseminate them to achieve a multiplier effect.
  • In 2017, the BVL Group participated in the OWIT Day 2017 BTGC Peru sharing program and the current situation of the gender gap in the market.
  • In 2017, the BVL Group participated in the 1st meeting of "Women in the Profession Leadership 3.60 WIP" that seeks to promote visibility and leadership of the lawyers, through the creation of a professional network. This event was published in an article in G Management on leadership and how to overcome the barriers.
  • In 2017, the BVL in alliance with SP & Robeco Sam launched the ESG Sustainability Index MILA Regional, where companies that make up the index must disclose whether or not they comply with policies gender equality.
  • In 2018, the BVL launched Allied Group Ranking Par (a free and confidential platform) that allows companies to measure gender equality. A long - term goal is that more companies listed on the BVL can measure the gender gap, awareness and implement improvements in their organizations on this issue.
Organizational model of stock exchange
  • Listed company for profit
Regulatory model
Limited Exchange Self-Regulatory Organization (SRO) Model
  • The Superintendencia de Mercado de Valores (SMV) has ultimate authority over securities market regulations. However, the Bolsa de Valores Lima has the authority to regulate the trading and transactions carried out through centralized trading mechanisms under their responsibility, as well as the activity of intermediation agents in such mechanisms. The BVL has supervision power, which entails supervising compliance with the market's regulations and self-regulation rules by the intermediaries.
About the stock exchange
Location: Lima, Peru
  • About BVL (Spanish)
  • At present, the BVL has 97.32% of the shares of CAVALI S.A. I.C.L.V.
  • http://www.cavali.com.pe/acerca-de-cavali/empresa/estructura-accionaria.html
Ownership of Exchange (Shares >4% only) Share
Diviso Grupo Financiero S.A. (Peru) 9.13%
B3 (Brazil) 8.19%
Participaciones Grupo BMV S.A. DE CV (Mexico) 7.27%
Credicorp Capital S.A. Sociedad Administradora de Fondos (Peru) 5.67%
Tresaure Finance Holding Corp. (Panama) 5.21%
BBVA Banco Continental (Peru) 5.01%
Inteligo Bank LTD (Bahamas) 4.81%
Inversion y Desarrollo Sociedad Agente de Bolsa S.A.C. (Peru) 4.5%
Magot Sociedad Agente de Bolsa S.A.C. (Peru) 4.37%