In the BYMA Voluntary Carbon Market: the first transaction was recorded

This is a machine translation of the original release, issued in Spanish.

PRESS RELEASE from BYMA
December 26, 2024

Buenos Aires, December 26, 2024.   The first transaction was registered today in the Voluntary Carbon Market presented by BYMA. The final beneficiary of the operation is the Buenos Aires Stock Exchange (BCBA), which offset the carbon footprint generated by the 51st General Assembly and Annual Meeting of the Ibero-American Federation of Stock Exchanges (FIAB).

The Voluntary Carbon Market is a development that provides a trading forum for Carbon Credits issued by entities that own verified projects. In this way, BYMA allows companies to voluntarily offset their carbon emissions in a transparent manner in a reliable environment for this type of transaction.

This initiative is aligned with the United Nations Sustainable Stock Exchanges principles, recognizing the importance of establishing activities in the markets that promote decarbonization.

ABOUT THE FIRST TRANSACTION

• The final beneficiary of the transaction is the Buenos Aires Stock Exchange (BCBA), which offset the carbon footprint generated by the 51st General Assembly and Annual Meeting of the Ibero-American Federation of Stock Exchanges (FIAB). A key event where the challenges and opportunities of the Capital Market in Ibero-America were discussed with a focus on innovation, financial education, sustainability, among other aspects.
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• The measurement of the carbon footprint generated by the event was carried out by Mexico CO2, the Mexican Carbon Platform, and Genesis, a consultancy specializing in Climate Change and Sustainable Financing.

• The total amount of emissions was 46 tons, which were offset through the purchase of Carbon Credits from GENNEIA , a leading renewable energy company, thus contributing directly to the mitigation of climate change and promoting local solutions for a more sustainable future.

• This action is in line with the growing focus on the development of ESG (environmental, social and governance) products, which seek not only to generate economic value, but also to promote responsible investments that favor the preservation of the environment and social well-being.

In this regard, Claudio Zuchovicki , Secretary of FIAB, Director of BYMA, Manager of Diffusion and Development of Capital Markets BCBA – expressed: “The Capital Market has the power to drive economic development, but also the responsibility to do so in a sustainable way. Measuring and offsetting our carbon footprint is an action that reflects the commitment of the Stock Exchanges that make up FIAB. It is time for us to assume a leadership that not only promotes growth, but also protects our future.”

For his part, Gonzalo Pascual Merlo, CEO of BYMA , said: “The launch of the Voluntary Carbon Market at BYMA represents a key milestone towards a more sustainable future. Through innovations that strengthen the financial ecosystem, we seek to promote investments that will address the climate crisis by facilitating infrastructure and providing transparency. As a Stock Exchange, we create the conditions for the entire financial ecosystem and Argentine society to evolve in terms of sustainability.”

Gabriela Guzzo, Senior Commercial Manager at GENNEIA , added : “We are proud to participate in the first transaction in BYMA’s Voluntary Carbon Market. This pioneering operation marks a milestone on the path towards a more sustainable capital market and reinforces our commitment to mitigating climate change through local and concrete solutions. The credits come from our renewable energy projects, which lead the energy transition in Argentina, generating positive impacts on the environment and communities.”

About BYMA's Voluntary Carbon Market

Through the BYMA Dashboard, visibility is given to the purchases of carbon credits that have been obtained for offsetting.

The project covers trading through systems enabled by BYMA and custody through the Caja de Valores SA system.

This is a pioneering development that BYMA introduced to the Argentine market in October of this year. It joins impact products such as the Corporate Governance Panel, the Sustainability Index, Social, Green and Sustainable Bonds, and Sustainability-Linked Bonds.

For more information: Voluntary Carbon Market - BYMA

ABOUT BYMA

BYMA is the Argentine Stock Exchange that intelligently combines markets and technology to convert investment into growth and development.

Integrated under a cutting-edge technological platform and with the quality and security standards of the main markets in the world, BYMA offers safe and transparent access to the world of investments, both to institutions, companies and the general public. BYMA is the evolution of the Argentine capital market, combining liquidity, knowledge and professionalism to face the challenges and demands of today's world, transforming investments into work and development for the country in an area of good corporate governance practices.

BYMA concentrates all the steps of the Argentine capital market industry, based on a vertical integration that covers listing, trading, registration, settlement, custody with a central depository, payment of debts, access to holdings, and other pre- and post-trade services. More information: www.byma.com.ar