MAV’s CEO, Fernando Luciani, thus inaugurated the new category of products that he called the “bits green values”.
Fernando Luciani, CEO of the Argentine Stock Market (MAV).
For his part, the president of the MAV, Alberto Curado, projection the work carried out by the CNV in the promotion of this green industry, with added value and transparent prices together with that of the Agents members of the MAV.
Regarding this first experience of a MiPyME that accessed financing through the SVS label, Anne BouquetPresident of Domaine Bousquet stressed that “We work with MAV because of the agility it offers us. Today we are the main organic winery in Argentina and access to financing allows us to continue growing, empowering ourselves. Integrating to the Capital Market allows us to play in the main leagues”.
This innovation allows the virtuosity of catalyze the financing of MiPyMEs who have practices social, green and sustainable, duly certified, and at the same time strengthen the support with financing to the most representative economic sector of the country with a set of highly consolidated products such as Deferred Payment Check, Promissory Notes and Electronic Credit Invoice that are traded on the MAV as a Market specializing in financing for MiPyMEs.
The CNV director, Matías ISASA, pointed out that “Impact financing is the new paradigm of finance. In this sense, he celebrated the efforts that are being deployed from both the public and private sectors to grant more and more thematic financing opportunities for relevant actors of our local economy such as SMEs”.
Portfolio Investment participated as selling and buying Agent of the instruments. “It is a great pride to have approached the first SME with a green seal to operate in the Capital Market. From the beginning it was the objective that we set ourselves at Portfolio Investment and we achieved it together with Domaine Bousquet, so that it can continue exercising its triple impact policies”, considered Thomas Lujambio, Corporate Sales of Portfolio Investment.
A milestone for the Argentine Capital Market
The Green Market of MiPyMEs instruments consists of granting SVS label for micro, small and medium-sized companies to obtain eligibility certificationsencouraging the incorporation of these companies that must comply with requirements such as green guidelines, developing business sustainability actions and being labeled as such.
At the end of 2021 the project was presented “Greening of finances in Argentina to combat climate change and promote inclusion”developed by the consortium that formed Carbon Trust, Genesis and MexicoCO2. and financed by the UK Pact Green Recovery Challenge Fund, with special encouragement from Alejandra Camara, Managing Director at Genesis Climate Change and Sustainable Finance.
“For us, who have worked on the development of this innovative new sustainable financial instrument, creating a sustainable taxonomy, it is a great joy to see the Green Market for Checks and Promissory Notes implemented”, Camara indicated.
The Argentine Stock Market is part of this integration so that, through its platform, the instruments whose purpose is to promote financing for SMEs in a social, green and sustainable way are negotiated, with the seal of certifying entities of outstanding prestige – or globally recognized standards – such as, for example, the CAME Sustainable Seal.
In this way, MSMEs have a very noble initiative that will give them visibility and financing through the MAV operating platform, demonstrating their commitment to good social and sustainability practices.
Source: Ambito
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