B3 and the UK Government’s MOBILIST Programme to Mobilise Funding Towards the Sustainable Development Goals
B3 plans to work with the UK government’s flagship programme, Mobilising Institutional Capital Through Listed Product Structures (MOBILIST), to unlock the potential of public capital markets for sustainable finance
MOBILIST supports new issues through equity capital, technical assistance funding and enhanced visibility through UK government platforms
B3 is a key strategic partner for MOBILIST at the heart of a priority region for the UK government
To help unlock the potential of public capital markets for sustainable finance, B3 has struck a formal partnership with the UK government’s flagship MOBILIST programme.
MOBILIST provides support to issuers of securities aligned with the Sustainable Development Goals (SDGs) across emerging and frontier markets. The programme identifies and supports new, additional, scalable and commercially viable investment products seeking a public listing on major global stock exchanges.
Public capital markets play a crucial role in mobilising private capital to reduce the SDGs financing gap, by providing regulated, liquid access to new opportunities to the widest range of investors.
As a signatory to the United Nations Global Compact and a major stock exchange, the B3 shares several development objectives with the UK government. Being a leading market in a UK government priority region, the B3 is a key strategic partner for the programme. The UK government and the B3 share a commitment to the principles-based approach of doing business that underpins the Global Compact.
“The B3 Exchange has demonstrated a strong commitment to sustainability and to facilitating the flow of capital into solving global challenges. The exchange exemplifies the growing importance of Latin America as an investment destination and as a source of honest, reliable development and climate finance. The UK government is committed to working with Brazil and the many high-quality firms in its thriving public market to support capital mobilisation”, said the Rt Hon Elizabeth Truss MP, Secretary of State for Foreign, Commonwealth and Development Affairs, UK Government.
“Investments that support the United Nations Global Goals and promote inclusive growth in Latin America are important to the region’s future. From seed capital to technical assistance and enhanced visibility, MOBILIST offers a broad menu of support to organizations looking to list products that align with a sustainable and long-term view of their impact. For over 20 years, B3 has been one of the main voices of the sustainability agenda in Brazil and we view the partnership with the UK government as a step further in that direction”, said Gilson Finkelsztain, CEO of B3.
MOBILIST Investment and Technical Assistance to B3 Participants
MOBILIST is actively seeking to identify eligible products that could benefit from its assistance.
MOBILIST can support issuers through a combination of equity capital, technical assistance funding, advisory services and enhanced visibility through the UK government’s platforms, guidance and backing. Whilst MOBILIST can only deploy equity capital, the programme can provide debt securities issuers with technical assistance funding.
MOBILIST seeks to partner with financial institutions at the core of capital markets and will engage with and accept proposals from B3 participants (brokers, investment banks and intermediaries of public offerings).
MOBILIST and B3 will be hosting a webinar on this initiative for market participants on Monday the 11th of April 2022 at 2pm GMT-3 (Sao Paulo) and 6pm GMT+1 (London). Interested parties are encouraged to attend.
A Request for Proposal has been published on the MOBILIST website, B3 participants should reach out to Severin Luebke, Team Leader for MOBILIST, at [email protected] or Cesar Sanches, B3 Head of Sustainability, at [email protected] to arrange an information session.
-Notes to editor-
About the Foreign Commonwealth & Development Office
The Foreign, Commonwealth & Development Office (FCDO) pursues the UK’s national interests and projects the UK as a force for good in the world. We promote the interests of British citizens, safeguard the UK’s security, defend our values, reduce poverty and tackle global challenges with our international partners. For more information on the FCDO use the following link here.
About B3 S.A.
B3 S.A. (B3SA3) is one of the main financial market infrastructure companies in the world and one of the largest in terms of market capitalization among global leaders in the exchange industry.
B3 connects, develops and enables the financial and capital market and, together with customers and society, boosts Brazil’s growth.
It trades in stock exchange and OTC environments and offers products and services to the financing chain.
Headquartered in São Paulo and with offices in London, Chicago, Singapore and Shanghai, B3 performs important functions in the market by promoting best practices in corporate governance, risk management and sustainability.
B3. With the market. For the future.
A flagship UK government programme, MOBILIST supports investment solutions that help deliver the climate transition and the United Nation’s Global Goals in developing economies. MOBILIST focuses on mobilising institutional capital to spur new scalable and replicable financial products. MOBILIST invests capital, delivers technical assistance, conducts research and builds partnerships to catalyse investment in new listed products. For more information about the MOBILIST programme use the following link here.
Cesar Sanches, B3 Head of Sustainability