Latinex celebrates its second Bell Ringing for the Climate: New milestones in thematic emissions and sustainability

November 18, 2024. The Latin American Stock Exchange (Latinex) held the Bell Ringing for the Climate within the framework of COP29 , the United Nations Climate Conference, a global initiative organized by the World Federation of Stock Exchanges (WFE) and promoted by more than 35 stock exchanges around the world.

Facing the climate crisis

With the climate crisis at the centre of the global debate, stock exchanges play a crucial role in guiding the financial market towards sustainable development. Latinex reaffirms its commitment to promoting a low-carbon, inclusive and resilient market, and to achieving Sustainable Development Goal (SDG) No. 13: Climate Action .

Latinex's main climate action initiatives:

1. Recognition for its carbon footprint management: Latinex has received the "Top 50" Seal and the Carbon Footprint Inventory recognition for three consecutive years, awarded by the Ministry of the Environment of Panama, thanks to its adherence to the Reduce Your Corporate Carbon Footprint programs and the "Top 50 Carbon Neutral Organizations" Declaration.
2. Net Zero Partnership: As the second stock exchange in Latin America to join the NZFSPA (Net Zero Financial Institutions Alliance) , Latinex supports the market's transition to net zero by 2050.
3. Commitment to international climate disclosures: In response to COP29, Latinex is promoting the adoption of the ISSB Climate Standard as a global standard for climate disclosure, fostering consistency and comparability in market disclosures.
4. Carbon Market Development: Latinex participates in the Carbon Markets Advisory Group to develop guidelines on how stock exchanges can take advantage of opportunities in this emerging sector.
5. Promotion of thematic issues: In addition to green and sustainable bonds, Latinex is working on updating the Guide for the Issuance of Social, Green and Sustainable Negotiable Securities , adapting to new international standards.
6. Growth in green, sustainable and social (SVS) emissions:
   To date, Latinex has reached a listed amount of more than 800 million dollars in thematic issuances. These include innovative instruments such as green, sustainable, social bonds and, more recently, blue bonds. The listed issuances cover various sectors, such as energy, real estate, industry and finance, contributing significantly to projects with environmental and social impact. Latinex is consolidating itself as a key catalyst to promote sustainable financing in Panama and the region, aligned with the Sustainable Development Goals.
7. "Sustainable Finance: Strategies, Standards and Markets of the Future" Seminar: This new seminar, held under the Stock Market Education Program , trained 99 participants from various industries in key tools such as IFRS S1 and S2, the Sustainable Finance Taxonomies and best practices in corporate governance, promoting knowledge of sustainable finance.
8. Carbon Neutrality at the Investors Forum: In this edition, we celebrate the 25th anniversary of our flagship event, reaffirming Latinex's commitment to climate action and sustainability. In addition, we take the opportunity to recognize our issuers by awarding the Forum Market Champions in the categories of leadership in sustainability criteria, such as commitment to voluntary reporting and disclosure of ESG factors, diversity and inclusion, gender equality and environmental protection.

A call to action

With these actions, Latinex reaffirms its leadership in sustainability, urging public and private entities to adopt urgent measures to address climate change. Climate finance is essential for the transition to a low-carbon global economy, strengthening resilience and adaptation to climate challenges.

Latinex remains committed to catalyzing positive change for Panama and the world.