Mexican stock exchange, BIVA partners with MOBILIST to promote investment in sustainability
The UK government’s flagship public markets mobilisation programme, MOBILIST is partnering with Mexico’s Bolsa Institucional de Valores (BIVA) to promote institutional capital through public markets to support the Global Goals for Sustainable Development and the climate transition.
MOBILIST is actively seeking to identify eligible products in Mexico that could benefit from its assistance. The programme supports new and commercially viable investment products with equity capital investment, technical assistance and advisory services, and enhanced visibility through the UK government’s platforms, enabling relevant solutions to list on public markets.
The UK government sees partnerships such as this one as key to inspiring collaboration and the collective action needed to address global development challenges, including climate action.
7 June 2023, Mexico City/London. Bolsa Institucional de Valores (BIVA) announced a partnership with the flagship UK government programme, Mobilising Institutional Capital Through Listed Product Structures (MOBILIST), to fuel greater investment in climate action and other sustainable development goals through products listed on BIVA’s stock exchange.
The MOBILIST programme aims to unlock the potential of public capital markets for sustainable finance in emerging markets and developing economies, including Mexico. Developing countries need at least $3.9 trillion in additional financing per year to achieve the United Nations Sustainable Development Goals (SDGs). MOBILIST was created to help direct some of the $250 trillion in private capital currently held in products listed on global stock exchanges to help meet this financing gap.
MOBILIST supports new and commercially viable investment products seeking a public listing on local or international stock exchanges. The programme is actively seeking to identify eligible products in Mexico that could benefit from its assistance. It offers equity investment, technical assistance and advisory services, and enhanced visibility through the UK government’s platforms.
Andrew Mitchell, UK Minister of State in the Foreign, Commonwealth & Development Office (FCDO), said: “Partnerships are at the centre of the UK’s approach to international development. The partnerships being created by the MOBILIST programme – such as this one with BIVA – are critical to finding new ways to mobilise additional funds to address the global development challenges that affect us all. By unleashing the potential of public markets and enabling institutional capital to flow where it is needed most, emerging market stock exchanges can play a significant role in stimulating economic growth and supporting greater investment in climate action and the SDGs.”
As part of the second largest capital market in Latin America – which is a priority region for the UK – BIVA will play a significant role in unleashing the potential of public markets for capital mobilisation. “Capital market development will not only help to stimulate economic growth in developing countries. It can also support greater investment in climate action and the other SDGs by mobilising institutional capital and enabling it to flow where it is needed most.”
Launched in 2018, BIVA currently has helped companies from several sectors raise over $22 billion in capital. It is a member of the Sustainable Stock Exchanges Initiative and earlier this year it launched BIVASG, an online platform that consolidates ESG information from all listed companies in Mexico on a single site. The platform underscores BIVA’s commitment and leadership in strengthening the ESG ecosystem in Mexico and promoting the transition towards corporate sustainability.
María Ariza, BIVA’s CEO, said: “We are proud to partner with the UK government’s MOBILIST programme to further build upon our efforts to promote the adoption of corporate sustainability practices in Mexico and help Mexican firms access the finance they need through public markets. By leveraging our expertise in sustainable finance and our global reach, we can help mobilise institutional capital towards investments in Mexico that support a more sustainable future for all.”
MOBILIST Investment and Technical Assistance to BIVA Participants
MOBILIST seeks to partner with financial institutions at the core of capital markets and will engage with and accept proposals from BIVA participants (brokers, investment banks and intermediaries of public offerings). Whilst MOBILIST can only deploy equity capital, the programme can provide debt securities issuers with technical assistance funding.
A Request for Proposal has been published on the MOBILIST website. Interested parties can contact Severin Luebke, MOBILST Team Leader, at contact-us@ukbmobilist%.com or Salvador Leal from BIVA, at [email protected], to arrange an information session.
The Mexican Institutional Stock Exchange (BIVA) began operations in 2018, providing local and foreign investors with state-of-the-art technology for the operation of securities, market information solutions, as well as listing and maintenance for companies. Since then, BIVA has helped finance companies in several sectors for more than $22 billion, betting on innovation and positioning itself as the country’s most technological and reliable stock market, and one of the fastest worldwide.
In addition to having broken a monopoly of decades, BIVA has become an agile, professional, and committed competitor with its clients, seeking the development, deepening, and democratization of the stock market sector in Mexico, and daily brings the benefits of competition to issuing companies, brokerage firms, and other participants in the financial ecosystem of our country.
BIVA is part of Central Corretajes S.A.P.I. de C.V. (CENCOR). This company has developed infrastructure for financial markets in Mexico, the United States, and Latin America for over 30 years. The companies that make up this group are Enlace, Integral Price Provider (PiP), and Institutional Electronic Market (MEI).
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