December 4, 2023. Latinex joined the Net Zero Financial Institutions Alliance (NZFSPA) at COP28 Finance Day in Dubai, committing to support a transition of its market towards a net zero balance by 2050. The signatories of the NZFSPA, which are part of the Glasgow Finance Alliance for Net Zero (GFANZ), are a series of global service providers organized into 4 groups (index providers, auditors, stock exchanges and research, rating and data providers), who have committed to increasing the urgency of net zero alignment and integrating net zero alignment into relevant services and products offered to participants in capital markets.

The stock exchange group's net-zero targeting guidance framework was officially approved in June 2023 by the United Nations High-Level Climate Change Leaders overseeing the global “Race to Zero” campaign. This support marks a milestone in the Group's commitment to combat climate change and contribute to the global transition towards a sustainable, net zero economy. The exchange subgroup is now moving into the implementation phase, with each exchange using the framework to develop its own individual objectives tailored to its market context and preparing to report on progress.

For her part, Olga Cantillo, Executive President of Latinex, highlighted that “we are honored to join the Alliance of Financial Institutions towards Net Zero Emissions, which makes us the second Latin American stock exchange to join the alliance. As market infrastructure, we connect issuers, investors and market intermediaries, playing a critical role in guiding the course towards sustainable development and catalyzing the transition to a low-carbon economy. We reaffirm our commitment to reduce our carbon emissions internally and, externally, promote the implementation of initiatives with our stakeholders that actively contribute to forging a low-carbon, inclusive and resilient future.”

Anthony Miller, Chief Coordinator, UN Sustainable Stock Exchanges Initiative (UN SSE), said: “It is encouraging to see continued growth in the number of exchanges moving forward to make the commitment to Net Zero. Exchanges are critical players in the net zero transition, leading by example through operational emissions reductions, while influencing the market by providing climate-related market education and promoting a just transition. “We welcome the three new members to the Alliance and look forward to seeing their commitment translated into action.”

Consult the UN SSE press release here .