Scotiabank Mexico recently issued a note structured in Mexican pesos and linked to IndexAmericas, a corporate sustainability index developed by the Inter-American Development Bank (IDB).
BNP Paribas developed an adapted version of the original IndexAmericas to meet the specific needs of Scotiabank clients.
This means that they are opening the door to sustainable investment in the Mexican market, a move they made with the aim of offering efficient diversification through this unique investment mechanism.
The index, developed by the IDB and structured by BNP Paribas, includes 50 companies in the United States that demonstrate a strong commitment to sustainable development. It also measures environmental, social and governance (ESG) aspects, as well as relevant market penetration in Latin America and the Caribbean (LAC).
The organisations in charge ensure that a percentage of the revenues generated will be channelled to the IDB to support its sustainable development projects. IndexAmericas is the first of its kind created by a multilateral development bank and the first in LAC to be aligned with the United Nations Sustainable Development Goals. Broadly speaking, it represents a corporate sustainability index to measure the performance of companies.
The creation of the index was achieved with the collaboration of infrastructure and market data provider Refinitiv and academic support for impact estimation from Columbia University’s Earth Institute.
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