Years of development

• 2021 - 2023: First stage
  
• 2024 - 2026: Second stage

LACADI is the regional extension of Colombia's Climate Change and Assets Disclosure Initiative (CCADI). It is implemented by Libelula (Peru), Transform (Colombia) and the Mexico Climate Initiative (Mexico), with the support of the German government and the International Climate Initiative (IKI). Currently in its fourth year of implementation, LACADI seeks to promote the integration of climate change risks and opportunities in the investment processes of the financial and real sector, thus contributing to the alignment of financial flows with the objectives of the Paris Agreement.

Target audience

LACADI develops actions with:

• Companies issuing securities in the real and financial sectors
• Financial system regulators and policymakers
• Insurance companies and pension fund managers
• Financial sector organizations and associations
• Municipal and Rural Savings and Loan Banks

Why do we do it?

• To facilitate the incorporation of climate risks and opportunities in investment decisions, generating tools and collaborative environments for a resilient transition to a carbon neutral economy.
  
• To promote the redefinition of the investment mandates of the financial sector in Latin America, integrating climate risks and opportunities into business models.
  
• To accompany institutional investors in Colombia, Mexico and Peru in aligning their financial flows with the climate objectives of the Paris Agreement.
  
• To strengthen coordination with relevant initiatives for regulators and enhance the implementation of existing regulations.
  
• To prepare national and regional rankings on the status of climate disclosure, in line with the recommendations of the international standard IFRS-S2.
  
• To foster knowledge sharing and capacity building among peers at the international level.
  
• To support ministries in the design of policies and programs that encourage the management of climate risks and opportunities in the financial sector.

How do we do it?

LACADI's Advisory Committees (Regional and National) provide strategic guidance and facilitate outreach to key players in the financial sector.
In addition, the initiative develops training and courses for institutional investors (senior investment managers, risk, boards of directors, management), regulators and associations, focused on identifying barriers and designing tools to overcome them.

In Peru, the advisory committee is composed of representatives from:

MINAM, SBS, SMV, APESEG. PIR, ASOMIF and the academy.

First stage (2021 - 2023)
Results for Peru

• 14 companies evaluated received recommendations on climate disclosure (4 pension funds, 6 insurance companies and 4 SAFPs).
  
• 9 companies were evaluated on their level of progress in climate disclosure.
  
• 7 companies (3 pension funds, 3 insurance companies and 1 investment fund management company (SAFI)) received technical assistance to integrate climate risks and opportunities into their operations.
  
• 2 companies defined timelines and action plans to publish their first climate disclosure in 2024.

Find out the results of phase 1 in this infographic.

Second stage (2024 - 2026)

• Development of a case study on barriers and recommendations for the financial system
  
• Public policy analysis on climate disclosure
  
• Climate governance training for boards of directors
  
• Online course on climate scenarios
  
• Regional workshop and regulators meeting
  
• Regional ranking on climate disclosure (Colombia, Mexico and Peru)
  
• Roadmap of the outreach initiative

Who do we do it with?

LACADI is executed by Libelula (Peru), Transform (Colombia) and the  Mexico Climate Initiative (Mexico), with the support of the German government and the International Climate Initiative of the German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV).

Participate in the initiative

If you are part of the financial sector or a company issuing securities in the real sector in Colombia, Mexico or Peru, join LACADI's activities. Write to us:  [email protected]