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Get the news on sustainable finance & investment in Latin America Email * Company * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO Brazilian environment services firm Ambipar is looking to expand the market for carbon credits by trading tokenized carbon credits through a digital asset platform run by the B3 stock exchange in São Paulo, according to the company’s vice president for sustainability Rafael Tello. Ambipar has signed a partnership with B3 Digitas to start trading carbon credits via the platform, which was established by the bourse in 2022. Tello told LatinFinance the firm’s initiative targets companies listed on the exchange as well as investors and funds seeking to access the carbon credit market. Ambipar says it is seeking to position itself ahead of the advent of the regulated carbon market, the framework for which was approved last year by the government. ADVERTISEMENT Is Digital Transformation Improving Financial Inclusion? Here Is What We Found Out Institutions of all types and sizes have embraced the new technologies to update their business and reach marginalized groups. Progress is uneven, but the opportunities are enormous. It will likely take around two years for the government to implement the new rules, Tello said. Ambipar says it is currently preserving 2.5 million hectares of forest in the Amazon region and generating credits for 5 million tons of carbon dioxide each year. Tello said companies must remain committed to protecting the environment despite the backlash against ESG policies in the US since the election of President Donald Trump, a climate sceptic. “It is more a political movement than a business matter,” Tello said. “Our risk exposure has increased. It is real. If we do not work towards prevention, protection, if we do not get organized to improve our response to these [climate] events, we are going to suffer the same consequences as we did in recent years,” he added. “This is not a matter of politics.” More Sustainable Finance & Investment News FREE TO READ THANKS TO Vale to divest chunk of renewables arm Promigas issues more social bonds Bimbo, Nafin print local bonds Mercader plans local ESG bond sale Climate Fund Managers expands LatAm ESG portfolio CABEI prices maiden sterling bond Cargill buys out SJC Bionergia investors BBVA México signs new SLL BBVA Perú prints gender bonds Aegea gets fresh BNDES financing GDPar to price second Brazil bond Aguas Andinas returns to Chile market with ESG bond Load more posts Something went wrong. Please refresh the page and/or try again.
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