Bolsa de Valores de Lima (Lima Stock Exchange)

Exchange entity Bolsa de Valores de Lima (BVL)
Conducts business in Peru
Number of listed companies (June 2017, BVL) 283
Domestic market capitalization (in Millions USD, June 2017, BVL) 124,043
Has signed the SSE Commitment Letter? Yes
Has prepared SSE Communication to Stakeholders? No (working on for 2017)
Requires ESG reporting as a listing rule? Yes
  • Resolution SMV N. 033-2015-SMV/01 passed 15 November 2015 requires issuers to present a corporate sustainability report and a report on good corporate governance as an annex to its annual report. The format for these reports can be found on the Market Regulator's website, as well as on the BVL website.
Offers written guidance on ESG reporting? Yes
  • The BVL worked with the PIR, which it is a founding associate of, to publish in 2017 a user guide for filling in the corporate sustainability report required by the market regulator (SMV).
Offers ESG related training? Yes
  • The BVL offers courses on ESG themes through its Education Facilities "Bursen BVL" (Stock market education center).
  • The BVL also participates in various conferences in Peru to discuss topics related to ESG
Provides sustainability-related indices? Yes
  • in 2008 BVL created the Good Corporate Index (IBGC)
  • On 16 Feb 2017 the MILA exchanges (which includes BVL) announced an agreement with S&P Dow Jones Indices, the IFC, and RobecoSAM to develop a new ESG index for the region.
Has green bond listings? No
Additional Information
  • The BVL is a founding associate of the Asociación para la Promoción de la Inversión Responsable y Sostenible (PIR), a network supporter of the UN Principles of Responsible Investment (PRI). Through the PIR, the BVL promotes investment policy and practices that incorporate ESG information.
  • For the second consecutive year, the BVL participated in the SSE's "Ring the Bell for Gender Equality" in 2017, in support of SDG 5 - Gender Equality.
  • The BVL has had its carbon footprint calculation certified by A2G Sostenibilidad y Cambio Climático. See the certificate here.
  • The BVL works with EY to produce a yearly report on Good Corporate Governance in Peru, based on a yearly survey The Voice of the Market (La Voz del Mercado). See the 2016 report here. The report educates the market on good corporate governance. Past reports: 2015, 2014.
Organizational model of stock exchange
  • Listed company for profit
Regulatory bodies
  • Superintendencia de Mercado de Valores (SMV) (Peruvian Superintendency of Securities Market)
Regulatory model
  • Limited Exchange Self-Regulatory Organization (SRO) Model The Superintendencia de Mercado de Valores (SMV) has ultimate authority over securities market regulations. However, the Bolsa de Valores Lima has the authority to regulate the trading and transactions carried out through centralized trading mechanisms under their responsibility, as well as the activity of intermediation agents in such mechanisms.
  • The BVL has supervision power, which entails supervising compliance with the market's regulations and self-regulation rules by the intermediaries.
About the stock exchange
  • Location: Lima, Peru
  • About BVL (Spanish)
  • In 2015, the BVL aquired 93.80% of the shares of CAVALI S.A. I.C.L.V.
Ownership of Exchange (Shares >4% only) Share
Diviso Grupo Financiero S.A. (Peru) 9.13%
B3 (Brazil) 8.19%
Participaciones Grupo BMV S.A. DE CV (Mexico) 7.27%
Credicorp Capital S.A. Sociedad Administradora de Fondos (Peru) 5.67%
Tresaure Finance Holding Corp. (Panama) 5.21%
BBVA Banco Continental (Peru) 5.01%
Inteligo Bank LTD (Bahamas) 4.81%
Inversion y Desarrollo Sociedad Agente de Bolsa S.A.C. (Peru) 4.50%
Magot Sociedad Agente de Bolsa S.A.C. (Peru) 4.37%