“I perceive a sense of urgency on mainstreaming sustainable finance,” says Marcos Ayerra, chairman of the Securities and Exchange Commission of Argentina (CNV).
For the past three years, Ayerra has been co-chairing a working group exploring sustainable finance in emerging markets and the role of securities regulators as part of the International Organization of Securities Commissions (IOSCO).
The Working Group on Sustainability in Emerging Markets, which involved securities regulators from Malaysia, China, Dubai, Brazil and India among others, released its final report earlier this year.
The recommendations included issuers integrating ESG issues, ESG disclosure and defining sustainable investments.
Speaking about the work, Ayerra, who is also a board member of IOSCO and chair of the Inter-American Regional Committee, says: “I see two different worlds in this respect. You have the developed markets and a few of the largest emerging markets…