By Equipe de Redação
Posted in September 30, 2024
São Paulo, September 30, 2024 – The shares of Ambipar (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 largest risk rating agencies in the world). With this, the company becomes the first private company in Latin America and the second company in Brazil to receive the certificate, delivered this Monday (30/09).
To receive the designation of green share, Ambipar met the criteria set by B3, according to the S&P audit, including having more than 50% of its annual gross revenue derived from green businesses, as well as investments and operating expenses with the same classification above 50% and less than 5% of gross revenue coming from fossil fuels.
“We met B3’s criteria with investments, operations, and revenue mainly associated with sustainable activities that contribute to combating climate change,” says Rafael Tello, Vice President of Sustainability at Ambipar.
Tello explains that this achievement is yet another result of Ambipar’s essence, which also extends to its actions in the market. “We are not just service providers; our investment and operations are also sustainable, from start to finish,” he emphasizes.
Based on the green equity principles from the International Federation of Stock Exchanges, the tool supports the reputation of companies’ investment planning, as well as attracting the growing number of conscious investors. Other stock 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.
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About B3
B3 S.A. (B3SA3) is one of the main financial market infrastructure companies in the world and one of the largest by market value, among the global leaders in the stock exchange sector. It connects, develops, and enables the financial and capital market and, together with customers and society, enhances Brazil’s growth.
It operates in the exchange and over-the-counter environments, in addition to offering products and services for the financing chain. Headquartered in São Paulo with offices in Chicago, London, Singapore, and Shanghai, it plays important roles in the market by promoting best practices in corporate governance, risk management, and sustainability.
B3, the stock exchange of Brazil.
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