(Latin American Climate Assets Disclosure Initiative)
The Latin American Climate Assets Disclosure Initiative (LACADI) is the Latin American extension of Colombia's Climate Change and Assets Disclosure Initiative (CCADI), which is in its third year of implementation. LACADI and CCADI promote the inclusion of climate change opportunities and risks in the financial sector investment process, contributing to the alignment of financial flows with the climate objectives of the Paris Agreement. The initiative will support institutional investors according to their progress and needs.
Why do we do it?
- To facilitate the inclusion of climate change opportunities and risks in investment decisions, generating tools and fostering a collaborative environment for the resilient transition of the financial sector towards a carbon neutral economy.
- To promote the redefinition of the investment mandates of the financial sector in Latin America, in order to include climate change opportunities and risks in business models.
- To accompany institutional investors in Mexico and Peru, according to their progress and needs, to promote the alignment of their financial flows with the climate objectives included in the Paris Agreement.
- To work in coordination with existing initiatives of special relevance to regulators to enhance the implementation or improvement of existing financial sector regulations.
- To develop national and regional rankings on the status of climate asset disclosure, as recommended by the TCFD.
- To encourage knowledge sharing and international peer-to-peer capacity building.
- To support the Ministries in developing the necessary policies and programs to encourage the financial sector to manage the opportunities and risks of climate change.
How do we do it?
In order to achieve the project's objective, LACADI's Advisory Committees (Regional and National) will provide advice to guide decisions and facilitate the approach and interaction with relevant actors in the financial sector.
In addition, the initiative designs and implements a series of workshops aimed at institutional investors (for investment and risk management, senior management and board members), regulators and associations, focused on identifying barriers and the tools needed to overcome them.
Technical documents will also be developed during the first stage of the Initiative,
editorial opinions and summaries of policy and legal interpretation with invited experts to design and provide competent recommendations to the State, as well as to drive change at the sector level. We will also work on the creation of the Questionnaire for the construction of the Ranking and be able to make recommendations for each participant.
Who do we do it with?
It is a joint effort coordinated by Transforma in Colombia and initially implemented in Mexico and Peru by the Mexico Climate Initiative (ICM) and Libélula, respectively.
We are supported by the International Climate Initiative (IKI) of the German Ministry for the Environment, Nature, Conservation and Nuclear Safety (BMU).
Participate in the initiative
If you belong to pension funds or insurance companies in Mexico and Peru, participate in the initiative's activities.