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The Brazilian Securities, Commodities and Futures Exchange – BM&FBOVESPA will participate in the Sustainable Stock Exchange conference at the United Nations headquarters, in New York. The event, organized in conjunction by the UN Global Pact, the United Nations Conference on Trade and Development (UNCTAD), and the Principles for Responsible Investment (PRI), will take place on November 2, 2009. The conference will bring together some of the most important representatives of the international financial market to debate sustainable investment opportunities and corporate responsibility.
BM&FBOVESPA’s CEO, Edemir Pinto, will speak at the “New opportunities: ESG indices and trading in ESG-focused investments” Panel. During his speech, Mr. Pinto will discuss the Brazilian Exchange’s initiatives on the environment, social inclusion, and corporate governance. The presentation will also highlight BM&FBOVESPA’s experience in the creation of its Corporate Sustainability Index (ISE) and Carbon Market.
The ISE is designed to measure the return on a portfolio composed of shares of companies highly committed to social responsibility and corporate sustainability. The Brazilian Carbon Market (MBRE) is a joint initiative by BM&FBOVESPA and the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC), whose main objective is to develop an efficient trading system for environmental certificates aligned with the principles underlying the Kyoto Protocol.
In addition to Mr. Pinto, the following dignitaries will also be present at the event: Supachai Panitchpakdi, Secretary General of UNCTAD; Maged Shawky Sourial, Chariman of the Egyptian Stock Exchange; Michel Maquil, Chairman of the Luxemburg Stock Exchange; and Huseyin Erkan, Chairman and CEO of the Istanbul Stock Exchange, among others.
Founded in 1964, UNCTAD is an organ of the United Nations General Assembly and it promotes the sustainable integration of developing nations into the world economy.The United Nations Global Compact is a UN initiative to encourage businesses to adopt sustainable and socially responsible policies.
