By Equipe de Redação
Posted in September 30, 2024
São Paulo, September 30, 2024 – Ambipar’s shares (AMBP3), a Brazilian multinational and global leader in environmental solutions, are now recognized as green shares by B3, the Brazilian stock exchange, and certified by Standard & Poor’s (one of the world’s largest credit rating agencies). With this, the company becomes the first private enterprise in Latin America and the second company in Brazil to receive the certificate, which was presented on this Monday (09/30).
To receive the green share designation, Ambipar met B3’s criteria, as verified by S&P’s audit, including having over 50% of its annual gross revenue derived from green businesses, as well as investments and operational expenses with the same classification above 50% and less than 5% of gross revenue coming from fossil fuels.
“We met B3’s criteria with investment, operations, and revenue predominantly associated with sustainable activities that contribute to combating climate change,” says Rafael Tello, Ambipar’s Vice President of Sustainability.
Tello explains that this achievement is another result of Ambipar’s core operations, which also reflects in its market shares. “We are not just service providers; our investment and operations are sustainable from start to finish,” he emphasizes.
Based on the Green Equity Principles from the International Capital Markets Association, this tool supports the investment planning reputation of companies and attracts the growing number of conscious investors. Other exchanges worldwide already have similar shares, and of the 540,221 shares listed on major global exchanges, only 116 – or 0.02% – are green equity.
“The ESG agenda is urgent, and the capital markets increasingly demand social and environmental responsibility from listed companies. The green share designation can be used by managers as a planning tool for company investments, as well as a mechanism to support decisions, mitigate risks, and diversify investors’ portfolios,” comments Janaina Vilella, Director of Communication and Sustainability at B3.
About Ambipar
Ambipar is a Brazilian multinational and global leader in environmental solutions, investing in and operating projects related to decarbonization, circular economy, energy transition, and environmental regeneration. It operates in 40 countries and has over 20,000 employees. The company has shares listed on B3 (AMBP3) and on the New York Stock Exchange (AMBI). To learn more, click here.
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About B3
B3 S.A. (B3SA3) is one of the leading financial market infrastructure companies in the world and one of the largest by market capitalization among global exchange leaders. It connects, develops, and enables the financial and capital markets and, along with its clients and society, boosts Brazil’s growth.
It operates in both exchange and over-the-counter environments, offering products and services for the financing chain. Headquartered in São Paulo, with offices in Chicago, London, Singapore, and Shanghai, it plays a key role in the market by promoting best practices in corporate governance, risk management, and sustainability.
B3, the stock exchange of Brazil.
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