(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.
About the Sustainable Stock Exchanges initiative
The SSE provides a peer-to-peer learning platform for exploring how exchanges—in collaboration with investors, regulators, and companies—can encourage sustainable investment and enhance corporate transparency, and ultimately performance, on ESG (environmental, social and corporate governance) issues. The SSE is a United Nations Partnership Programme convened by the UN Conference on Trade and Development (UNCTAD), the UN Global Compact, the UN Environment Finance Initiative (UNEP FI), and the Principles for Responsible Investment (PRI). For more information on specific exchanges’ sustainability efforts, how to become a Partner Stock Exchange, and further opportunities to advance the integration of sustainability within capital markets, visit www.sseinitiative.org