EMIA NOTES 06-05-2023

Date
 
EMIA Notes - June 05, 2023
 

CONTENTS

 

Announcement

Upcoming Webinars

Recordings of Prior Webinars

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 .

2. London & New York Happy Hours for EMIA Members and Guests

Please join us in London or New York to reconnect, meet new emerging market colleagues, and hear more about EMIA’s work on transforming emerging market finance into a force for good.
 
London, June 20:  Our President and Founder, Ashok Parameswaran, will be in town participating in BIVA Day UK and the Responsible Investors Conference. 
Global Evolution, an EMIA member, will host drinks and hors d'oeuvres at their offices on Tuesday, June 20, from 6 pm until 8 pm.

Global Evolution Fondsmæglerselskab A/S
24 Monument Street, London, EC3R 8AJ
Please RSVP to Claire Meier Underhill at claire.meier@emia.org  


New York, June 27: Join our President and Founder, Ashok Parameswaran, and EMIA staff at P.S. Kitchen for no-host drinks starting at 5:30 pm EDT on Tuesday, June 27. 

P.S. Kitchen  
246 W 48th St, New York, NY 10036
Please RSVP to Jane Heap at jane.heap@emia.org 

 

UPCOMING WEBINARS

Open to:  EMIA members, partners, and affiliates; financial professionals; civil society and multilateral ESG experts; and staff of national governments and publicly listed companies.
June
06
10:00 am EDT
3:00 pm BST
1. 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.  
 

Speakers:

Maria Ariza, CEO, BIVA

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

Claire Meier Underhill, Head, Memberships & Partnerships, EMIA (moderator)
 
 
June
08
10:00 am EDT
3:00 pm BST
 
2. Nature - An Overlooked Risk and Unrealized Opportunity for Financial Institutions
 (Financial Institutions Program Webinar)
Thursday, June 8, 9 am Colombia / 10 am EDT / 3 pm BST / 4 pm South Africa
 
Biodiversity is inextricably linked to climate change, food security, clean air and water, and our health and safety. According to the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), we have altered approximately 75% of the earth's land. We are getting closer to a global biodiversity threshold, which, if crossed, could lead to its irreversible decline and large-scale economic loss.
 
Financial institutions play a crucial role in protecting and reversing biodiversity loss via their investments, loans, and insurance, not only to companies with high exposure to it but also via their supply chains. At the same time, their investments, loans, and insurance portfolios are also at risk from extreme weather effects and associated social and economic loss.
 
The webinar will focus on the status of biodiversity, its risks and opportunities to society and the economy, and actions and frameworks available to financial institutions to tackle such an important issue. EM financial institutions will also talk about the challenges and opportunities associated with it.
 

Speakers:
 
Annelisa Grigg, Board Member (Partnership Biodiversity Accounting Financials), Senior Associate (Cambridge Institute for Sustainability Leadership, Cambridge University), Fellow (UNEP-WCMC), Director (Globalbalance Ltd.) and Technical Committee - Biodiversity (Global Reporting Initiative)
 
Gert Kruger, Chief Risk Officer, FirstRand
 
Catalina Cano Zapata, Leader of International Agenda on Sustainability, Bancolombia
 
Maria Tinedo, Director, Financial Institutions Program, EMIA (moderator)
 
 
June
09
10:00 am EDT
3:00 pm BST
3. 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)
 
 
June
15
11:00 am EDT
4:00 pm BST
4. Racial Equity Pact Brazil - How the ESG Racial Protocol Engages Corporate Brazil to Better Integrate Racial Minorities Into the Professional Workforce
(Health, Education and Human Rights Program Webinar)
Thursday, June 15, 11 am EDT / 4 pm BST
 
Social and, specifically, racial inequality is one of Brazil’s most significant challenges. Blacks, who comprise 56% of the population, are starkly underrepresented among professionals. One of the top obstacles to the training of black professionals is the low quality of public education.
 
Pacto Promoção da Equidade Racial developed a Racial ESG Protocol for Brazil and is promoting its adoption by companies and institutional investors. The Racial ESG Protocol is an excellent opportunity for companies to develop a stand and a narrative consistent with this new demand from society and support greater social justice by promoting the productive inclusion of the black population.
 
The initiative has received various awards and is supported by many national and international institutions, among others UN Global Compact and ANBIMA.

Members from Pacto Promoção da Equidade Racial and corporate Brazil will explain how the protocol has been developed, what the different elements are, how it is working so far, and how international investors can support the initiative. 

Speakers:
Jair Ribeiro, Founder, Parceiros da Educação

Gilberto Costa, Head, Pacto Promoção da Equidade Racial

Uwe Schillhorn, Director, Health, Education and Human Rights Program, EMIA (moderator) 
 
 
June
20
10:00 am EDT
3:00 pm BST
5. EMIA's Enhanced Labeled Bond Campaign: Working to Raise the Standards in Labeled Bond Issuance (ESG Initiative) 
Tuesday, June 20, 10 am EDT/ 3 pm BST 

am EDT 
 
Join the conversation with EMIA Enhanced Labeled Bond Campaign Director Eva Sanchez-Ampudia, and learn more about the evolution of the campaign launched earlier this year and the next steps for EMIA's labeled bond work.  

EMIA's Labeled Bond Standards (ELBS) provide guidelines for market practices that aim to make a meaningful contribution to improving the credibility of ESG debt and the impact of the financing. EMIA’s Working Group on labeled bonds developed them in consultation with stakeholders across the emerging market community. 

The Uruguay SSLB 5.750% USD bond due in 2034, which settled on October 28, 2022, is fully consistent with EMIA’s ELBS, which introduces significant improvements over prevailing practices. The standards encourage an elevated level of transparency and more stringent terms and conditions in new ESG-related bonds.

There’s still work to do amongst investors, issuers, investment banks, 2nd party opinion providers, and other organizations in raising labeled bond standards and addressing challenges in the sector.  Eva will explore the next steps for EMIA on this path. 


Speakers

Eva Sanchez-Ampudia, Director, Enhanced Labeled Bond Campaign, EMIA 

Claire Meier Underhill, Head, Memberships & Partnerships, EMIA (moderator)
 
June
27
9:00 am EDT
2:00 pm BST
6. Health and Safety in Mining (Extractive Industries Program Webinar)
Tuesday, June 27, 9 am EDT / 2 pm BST

 
At the request of the Extractive Industries Working Group members, with this webinar, we are beginning to develop the topic of occupational safety in the mining industry in depth.
 
Employee Health & Safety is a material issue for the metals & mining industry, according to SASB. Taking care of its employees makes a company's operations more sustainable and productive in the long run. It reduces its legal and financial risks. Maintaining proper occupational health & safety standards makes sense not just for social considerations but for economic reasons, too.
 
This is a broad topic. Mining safety issues include exposure to dangerous chemicals, occupational diseases, injuries from heavy machinery and explosives, hearing loss, heat, UV exposure, and many other hazards. We will not be able to cover all aspects in one webinar, but we hope it will begin a series of informative and practical events.
 
Halshka Graczyk from the
International Labour Organization, the global standard setter in this area, will focus on the fundamental principles and conventions and their relevance for emerging markets.
 

Speakers:
 
Halshka Graczyk, Technical Specialist on Occupational Safety and Health, International Labour Organisation (ILO)
  
Pavel Laberko, Director, Extractive Industries, EMIA (moderator)
 
 

RECORDINGS OF PRIOR WEBINARS​

1. Progress Toward Greener Electricity in Emerging Markets (Utilities and Infrastructure Program Webinar), held on Tuesday, May 16, 2023 

The Utilities and Infrastructure Program held a webinar with Dave Jones and Malgorzata Wiatros-Motyka from Ember. The speakers helped the audience understand the progress made by the power sector in the electricity supply with clean energy sources. They also discussed how investors can help accelerate the progress toward greener electricity.

More Prior Webinars
Our webinar recordings are available to EMIA members and partners. To watch them visit our events page.

 
 

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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