Trasa, whose purpose is to carry financial inclusion to all people, issued the first “green check” of a company B in the Argentine Stock Market (MAV) for an amount of $20 million.
This new instrument with the SVS label generates the perfect symbiosis between the financial market and corporate sustainability, through the so-called “Sustainable Finance Protocol”.
The Green Market of “MSMEs” instruments consists of granting the SVS label for micro, small and medium-sized companies so that they obtain eligibility certifications, encouraging their incorporation and compliance with the “green guidelines” type requirements, developing business sustainability actions and being labeled as such.
Along these lines, Trasa, certified as a B company since 2021, was in charge of managing the financial instrument, in the sense of its generation, negotiation and placement on the market. For the firm, the issuance of this check marks a milestone, both from a financial and sustainability point of view.
“Since the market is the meeting of supply and demand, the fact that there are investors who find credits with this SVS label attractive can help attract more supply of instruments from other B Companies. At MAV we will always turn all possible technology to facilitate the match that results, in this case, in green bit values. Our logic is very concrete: minimum transactional costs for those who sell and, virtuously, maximum quality and sophistication for those who buy,” they highlighted from the Argentine Stock Market.
“Sustainable finance offers a growth path where companies, through innovation and responsible investment, can lead the transition towards a more inclusive and resilient economic model, generating value for both society and the environment. In that “We are working at Trasa and the issuance of this new instrument goes towards that objective,” highlighted Ricky Minicucci, founder of Trasa.
Social ON for financial inclusion
Following the path of its purpose, which is to achieve financial inclusion for all, Trasa issued $30 million last year through the ON Guaranteed SME labeled social, first social awarded to a B company (and validated by SMS Latin America).
The proceeds were used to refinance the installation of 12 ATMs and 3 Modular Units in popular neighborhoods throughout the country, the last being recently inaugurated in the Villa Lugano area.
“This tool allowed Trasa to continue fulfilling its purpose, contributing to the social development and economic growth of popular neighborhoods, through improving access to the financial infrastructure of its inhabitants,” they highlighted.
In the case of the first “green check”, It is an opportunity to continue advancing towards a more inclusive financial market and with innovative instruments that contemplate and stimulate the best social and environmental practices.
Source: Ambito
