EMIA NOTES 05-15-2023

Date
 
EMIA Notes - May 15, 2023
 

CONTENTS

 

Announcement

1 .EMIA Partners with the Mexican Institutional Stock Exchange (BIVA) on its first BIVA Day UK

Upcoming Webinars

Job & Volunteer Opportunities

 

ANNOUNCEMENTS​

1. EMIA Partners with the Mexican Institutional Stock Exchange (BIVA) on its first BIVA Day UK

We would like to invite you to join us at the Mexican Institutional Stock Exchange (BIVA) on its first BIVA Day UK 2023 on June 12, 2023, in the Old Library at Lloyd’s in London. 

EMIA is partnering with BIVA on this unique opportunity to meet Mexican issuers, both in debt and equity, from the local stock market and to hear panel discussions covering a range of sustainability challenges unique to Mexico. 

Issuers such as America Movil, Fibra UNO, Vinte, Fibra Hotel, Fibra Shop, Fibra Plus, Gentera, Cox Energy America, Orbia, Fresnillo, Rotoplas, Javer, Fibra Terrafina, Nacional Financiera, Banobras, OMA, Traxion, Fibra Monterrey, GAP, OMA, Vesta, Aleatica, CYDSA, among others, will be on hand for small group and 1-1 meetings as well as part of the general agenda. 

The small group and 1-1 meetings will provide an excellent platform for a deeper understanding and long-term vision of Mexico’s potential in sustainable finance and to explore new opportunities in this rapidly growing market.

Our President and CEO, Ashok Parameswaran, will moderate a panel on Overcoming ESG Challenges in Mexico. 

For registration and more information, please click
here.

 

UPCOMING EVENTS​

Open to:  EMIA members, partners, and affiliates; financial professionals; civil society and multilateral ESG experts; and staff of national governments and publicly listed companies.
May
16
10:00 am EDT
3:00 pm BST
1. Progress Toward Greener Electricity In Emerging Markets
(Utilities program Webinar)
Tuesday, May 16, 10 am EDT / 3 pm BST

 
 
The planet is nearing an important inflection point in terms of emissions from the power sector.

Last year, 92% of the growth in electricity demand was supplied by clean energy sources, according to the UK think tank, Ember. This year could be the first year when demand growth is fully met by renewable energy, due to the rapid deployment of solar and wind power in emerging markets, including China and India.

The Director of EMIA’s Utilities Program will host speakers from Ember to help our attendees understand the progress being made in the power sector and how they can help accelerate it.


Speakers:

Dave Jones, Head of Data Insights, Ember
 
Malgorzata Wiatros-Motyka, Senior Electricity Analyst, Ember
 
Lars Schonander, Director, Utilities Program, EMIA (moderator)
 
 
 
May
17
10:00 am EDT
3:00 pm BST
2. Telco’s E-Waste and Circularity
(TMT Program Webinar)
Wednesday, May 17, 10 am EDT / 3 pm BST
 
 
The telecommunications sector has been at the forefront of unprecedented demand for digital communications in the past few years. This has prompted companies in the sector to consume more energy and generate more waste than ever.
 
Telcos represent less than 2% of global GHG direct emissions, with an estimated 85% attributed to Scope 3 emissions from suppliers and partners. However, waste is a big contributor to their overall carbon footprint; therefore, they have the responsibility to reduce waste streams connected to network infrastructure, E-waste from data centers and IT, devices, etc.
 
Telcos around the world are using Circular Economy to face these challenges and Telefonica, the second-largest telecom operator in Latin America, is at the forefront of such a trend. Its Circular Economy Plan aims to achieve zero waste by 2030 through eco-design, reuse, and recycling. The company is committed to reusing, reselling, or recycling 100% of its network equipment by 2050.
 
The webinar will provide an overview of E-waste and Circularity focused on the Telecom sector, followed by Telefonica’s presentation about its challenges and opportunities. It will deliver valuable insights and knowledge to enhance decision-making and contribute to a more circular economy and sustainable investment to decarbonize the sector.


Speakers:

Eva Morales, Circular Economy and Sustainability Strategies Program Leader, Cambridge Judge Business School; Founder and CEO, Circular Advisors; Climate Tech Co-founder, Hyve Forum 
 
Maya Ormazabal, Sustainability Director, Telefonica
 
Maria Tinedo, Director of TMT Program, EMIA (moderator)
 
 
May
25
9:00 am EDT
2:00 pm BST
3. WWF Biodiversity Risk Filter and its Application for Agriculture and Extractives 
(Consumer Staples Program and Extractive Industries Program Webinar) 
Thursday, May 25, 9 am EDT / 2 pm BST

 
 
The World Economic Forum estimates that half of the world's GDP depends on biodiversity. However, according to the WWF, 69% of our planet’s wild animal populations have declined since 1970. One more million species are also facing extinction due to human activity. In addition to these high level risks, businesses negatively impacting biodiversity are likely to incur regulatory, reputational, and other risks.

The Consumer Staples Program and the Extractives Industries Program have jointly organized a webinar focused on biodiversity and the tools available to investors who want to integrate it into their decision-making process.
 
WWF's Rebekah Church, Regula Hess, and Florian Oeschger will highlight the biodiversity risks that are particularly acute for the mining and agriculture industries. They will also present the WWF Biodiversity Risk Filter, a tool that helps investors assess these risks for companies in their portfolios.


Speakers:

Rebekah Church, Global Lead Biodiversity Stewardship, WWF

Regula Hess, Senior Advisor Sustainable Finance, WWF

Florian Oeschger, Advisor Sustainable Finance, WWF

Pavel Laberko, Director, Extractive Industries Program, EMIA (moderator)
 
 
June
08
10:00 am EDT
3:00 pm BST
4. How Stock Exchanges Can Create Sustainable Investment Opportunities: Bolsa Institucional de Valores (BIVA) and the Mexican Private Sector 
(ESG Initiative Webinar) 
Tuesday, June 6, 8 am Mexico City / 10 am EDT / 3 pm BST

 
Many emerging market corporates struggle to keep pace with investors' demands for sustainability information. Stock Exchanges can provide a critical leadership role for both equity and debt issuers. They can also offer higher-quality engagement with investors on complex sustainability information and performance. 

Maria Ariza, Bolsa Institucional de Valores (BIVA) CEO, and Iker Vinageras Massieu, Corporate Issuers & Head of ESG Solutions at BIVA, will discuss BIVA’s incubator program that helps Mexican corporates with equity and debt offerings, understand investor demand for sustainability information, and deliver relevant data. 

BIVA's work showcases best-in-practice leadership skills on how stock exchanges globally can play a key role in supporting higher quality disclosures and best practice adoption, as well as Mexican corporates’ desires to lead on sustainability best practices. 

America Movil representatives will share their organization's experience as an issuer and its experience with developing sustainable financial offerings in Mexico. 
 
Speakers:

Maria Ariza, CEO, BIVA

Iker Vinageras Massieu, Corporate Issuers & Head of ESG Solutions, BIVA

Representatives of America Movil

Claire Meier Underhill, Head, Memberships & Partnerships, EMIA (moderator)
 
 
June
09
10:00 am EDT
3:00 pm BST
5. GHG Accounting in Metals & Mining 
(Extractive Industries Program Webinar)
Friday, June 9, 10 am EDT / 3 pm BST
 
Greenhouse gas (GHG) emissions have become an important metric widely used by investors on par with earnings and other financial parameters. Yet, it entered the realm of investment management very recently, and the approaches to GHG measurement and reporting are still being hammered out. Estimates of emissions and their intensity often vary for similar processes. The breadth of reporting and materiality criteria are still being discussed. Neither consumers nor producers know with certainty the amounts of embodied emissions in the products they buy and sell.
 
Our partners at the Columbia Center on Sustainable Investment have been involved in the COMET project aimed at harmonizing the GHG calculation framework for mineral supply chains. During this work, they conducted in-depth research on the current shortcomings of GHG accounting. John Biberman, Senior Policy Associate from the Columbia Center on Sustainable Investment, has agreed to come to our webinar to talk about the findings of this research, about important issues in accounting for GHG emissions in the metals and mining industry, and their implications for investors.
 
Speakers:
 
John Biberman, Senior Policy Associate, CCSI
  
Pavel Laberko, Director, Extractive Industries, EMIA (moderator)
 
 

VOLUNTEER OPPORTUNITIES​

1. Volunteer Opportunities

The Emerging Markets Investors Alliance could not function without its many volunteers who contribute their skills to our future. If you want to be part of our project, please send us an email at applicants@emia.org including your resume/ or LinkedIn profile, and mentioning "Volunteer Opportunities" in the subject line.

 

 

The Emerging Markets Investors Alliance (EMIA) is a 501(c)(3) non-profit organization whose mission is to enable institutional investors to use the power of their collective capital and voices to advocate for a more sustainable future. EMIA "Programs" are activities that bring together investors, policy experts, and governments or companies for the purpose of improving ESG best practice adoption. EMIA Programs focus on sovereigns (e.g., Government Debt and Fiscal Governance Program, Sovereign Decarbonization) and on sectors (e.g., Agricultural Program, Extractive Industries, Financials Program and Telecom, Media, and Technology Program).
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