The Mexican Stock Exchange (BMV) announced that it will partner with the United Nations Sustainable Stock Exchanges (SSE) initiative. With the addition of BMV, the SSE now counts four of the five largest stock exchanges in the Americas as partners.
Mexico's stock exchange (BVC for its Spanish initials) is the third Latin American exchange to join the SSE, along with eleven other exchanges from the US, Europe, Africa and Asia. BMV is currently the second largest stock exchange in Latin America and the fifth largest exchange in the Americas.
"BMV Group recognizes that sustainability and social responsibility are determining factors for corporate activities within the global context," said the stock exchange in its press release. "This is why BMV Group continues to work to strengthen its sustainability strategy, convinced that investments in social, environmental, corporate governance and ethical issues will help to construct a profitable, sustainable and fair economy."
"Last year in Mexico City I had the privilege to address stock exchanges on responsible investment for sustainable development," said James Zhan, Director of UNCTAD's Investment and Enterprise Division. "Today I am very happy to receive the news that the Mexican Stock Exchange is joining the SSE and committing to more action in this area."
The UNCTAD 2014 World Investment Report outlines UNCTAD's Action Plan for investing in the sustainable development goals, which includes the promotion of sustainable stock exchanges around the world. The SSE is co-organized by UNCTAD, the UN Global Compact, the Principles for Responsible Investment and UNEP Finance Initiative. To become a Partner Exchange, please contact [email protected].
Join the conversation on capital markets and sustainable development at the SSE's 2014 Global Dialogue, which takes place on 14 October in Geneva as part of UNCTAD's World Investment Forum which runs from 13-16 October.