The Domaine Jean Bousquet SA winery negotiated for the first time instruments with a green label in the Argentine stock market. Portfolio Investment participated in the transaction as Agent and Ecocert Argentina SA was the certifying body approved by the MAV technical team to determine the SVS condition.
These are bills linked to the dollar through the social status, green and sustainable (SVS). The operation was registered in the Direct Value Chain segment of the MAV, which has developed an advanced technology to contain this new business flow that requires a lot of engineering applied to the markets.
have been negotiated two instruments in the amount of US$100,000 and US$300,000, respectively, with an exchange rate of A3500 from the Central Bank (in pesos), with a duration of 181 days and a rate of 0%. The instruments have been acquired by institutional funds, favoring MiPyMEs products by incorporating them into their investment portfolios.
The managing director of the MAV, Fernando Luciani, thus inaugurating the new product category which he called the “green value bits”.
For his part, Alberto Curado, president of the MAV, highlighted the work done by the CNV in promoting this green industry, with added value and transparent prices together with that of the Agents associated with the MAV.
About this first experience of a MiPyME that accessed funding through the SVS labelAnne Bousquet, CEO and co-owner of Domaine Bousquet, underlined that “in recent years we have had exponential growth in sales both in Argentina and in the main markets of the world. We have worked to adapt our financial strategy so that it is in line with the Aligned with this growth, we have chosen to work with the equity market in private debt issuance for the agility and low costs it offers, the strength and potential of our Domaine Bousquet brand and the commitment we have with sustainability, makes it possible for private investors to obtain a safe asset and indirectly contribute to a company with a high impact on sustainability, respectful of the environment and consumer health”.
This innovation allows the virtuosity to catalyze the financing of MiPyME that have social, green and sustainable practices, duly certified, and at the same time strengthen the support with the financing to the most representative economic sector of the country with a set of highly consolidated products such as Check of Deferred Payment, Promissory Notes and Electronic Credit Invoice which are traded on the MAV as a market specialized in the financing of MiPyMEs.
The director of CNV, Matías Isasa, underlined that “financing with an impact is the new paradigm of finance. In this sense, he celebrated the efforts being made by both the public and private sectors to secure growing thematic funding opportunities for relevant actors of our local economy such as SMEs”.
Portfolio Investment participated as an agent for the sale and purchase of the instruments. “It is a great pride to have approached the first SME with a green seal to operate in the Capital Market. From the beginning it has been the objective that we set ourselves in Portfolio Investment and we have achieved it together with Domaine Bousquet, so that it can continue to exercise its triple impact policies,” considered Tomás Lujambio, Corporate Sales of Portfolio Investment.
A milestone for the Argentine capital market The Green Market for MiPyMEs tools consists of grant the SVS brand to micro, small and medium-sized enterprises to obtain suitability certificationsencouraging the incorporation of these companies which must comply with requirements such as green guidelines, develop corporate sustainability actions and be labeled as such.
At the end of 2021, the “Greening finance in Argentina to combat climate change and promote inclusion” project was presented, developed by the consortium made up of Carbon Trust, Genesis and MexicoCO2. and funded by the UK’s Pact Green Recovery Challenge Fund, with special encouragement from Alejandra Camara, Managing Director of Genesis Climate Change and Sustainable Finance. “For us, who have been working on the development of this innovative new sustainable financial instrument, creating a sustainable taxonomy, it is a great joy to see the green market for checks and bills implemented,” said Camara.
The Argentine Stock Exchange is part of this integration so that, through its platform, instruments are traded whose purpose is to promote the financing of SMEs in a social, green and sustainable way, with the seal of certifying bodies of exceptional prestige – or globally recognized standards – such as, for example, the CAME Sustainable Seal.
In this way, MSMEs have a very noble initiative which will give them visibility and funding through the MAV operating platform, demonstrating their commitment to good social and sustainability practices.
Source: Clarin
