Speaking on a panel on access to financing for Small and Medium-sized Companies in light of Green Obligations, in reference to the Conference on ESG and green financing, Salim Crípton Valá, PCA of the Mozambique Stock Exchange, stressed that the ESG agenda is linked to BVM's values, as the same agenda for transparency, integrity and inclusion, factors that oblige it to consider all social, environmental and governance aspects as part of its organizational culture.
The event took place on Thursday, March 21, 2024, in Maputo, and brought together representatives from the Government, Private Sector, Public Institutions, Banks, Development Agencies and other social actors in the same room, aiming to bring solutions to the challenges faced by SMEs and promote the improvement of the business environment in Mozambique.
In his intervention, Salim Valá warned that the ESG agenda is a real issue that must be taken into account by organizations, and showed how listed companies are working to integrate the principles established by the ESG agenda into their production chains, in generating income for communities and in their permanent interest in taking care of people.
“We have a series of instruments that we are developing in order to deepen and consolidate the work that is being done in the field of ESG. Companies that implement the ESG agenda are better able to embrace the opportunities offered by the market and be more profitable”, explained the BVM PCA.
Valá added that the adoption of the ESG agenda is a practical issue that has to do with the stock exchange's activity and its interest in embracing a circular economy.
The implementation of the ESG agenda must contribute to risk reduction, guarantee growth opportunities for companies and resilience in the face of climate change, allow for greater labor productivity and guarantee a good reputation and trust among all stackholders, defended the BVM director.
Valá also said, on the occasion, that there is a need to use universities and the media as instruments for sharing knowledge to guarantee the inclusion of everyone and trigger concrete actions that contribute to the construction of a greener and more sustainable world.
“If universities have projects in areas that generate revenue, laboratories for experimentation and incubation, and they are capable of supporting themselves and being self-sustainable, these projects can be financed through university obligations”, he said.
In turn, the Representative of the Ministry of Mineral Resources and Energy, Marcelina Mataveia, made it known that the government has been creating an attractive legal framework for investments in energy infrastructure projects, with emphasis on renewable energy.
Mataveia highlighted that in recent years, Mozambique and the world have witnessed the devastating impacts of climate change and, therefore, called for the collective and individual responsibility of society as a whole, with a view to mitigating these effects.
At the conference, the panelists called on companies to start thinking about actions that ensure they operate within sustainability standards, worrying about environmental, social and good governance issues and, with this, be able to attract investors.
To this end, the adoption of sustainable practices is a strategic differentiator that is worth taking into account to raise the reputation of companies and, in this way, contribute to the mobilization of financing and optimization of resources.
Photo Events