(11 September 2019) The Guide (found here) provides a history of the sustainable finance market around the world and in the region of Latin America, shares the Green and Social Bond Principles, explains the benefits and describes the process for the issuance of a Green or Social Bond through the Quito Stock Exchange.
Earlier in the month the Quito Exchange signed an agreement with the Ministry of the Environment to promote the sustainable finance agenda in the country. The two organisations will work together on promotional events with companies of both the private and public sectors. Another area being explored is the possibility of creating tax incentives for issuers and investors.
Paul McEvoy, CEO of the Quito Exchange said “We are seeing a lot of potential for sustainable finance in Ecuador. The country has private sector issuers of a very high quality, municipalities with sustainable projects requiring investment, and having the US dollar as its official currency reduces exchange risk for investors. Several multilaterals are looking at sustainable investment opportunities in the country. The Quito Exchange has worked on several fronts in bringing this product to Ecuador and the publication of the Guide is part of our commitment in being a Sustainable Stock Exchange”.
About the SSE
The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services.