IOSCO/MR/39/2022 – Madrid, 05 December 2022
The International Organization of Securities Commissions is pleased to announce that Mr. Rodrigo Buenaventura, Chair of the Spanish Securities Market Commission (CNMV), has assumed today the chairmanship of its Sustainable Finance Task Force (STF).
As STF Chair, Mr. Buenaventura will lead IOSCO through the process of evaluating whether the IFRS international Sustainability Standards Board (ISSB) can act as a global baseline standard for climate disclosures. Mr. Buenaventura will also lead IOSCO through the finalisation of its work on carbon markets, seeking to establish recommendations for the sound functioning of these markets. He will also lead work on promoting independent assurance of corporate sustainability disclosures.
Rodrigo Buenaventura commented: “I am honoured by the confidence of my fellow IOSCO Board members in asking me to lead this critical work. IOSCO is determined to put in place the necessary ecosystem so that financial markets can play their part in supporting the transition to net zero. There is intense demand from investors to be able to invest in assets which make a contribution to that transition and we will continue to push ahead firmly with our ambitious agenda to make that feasible.”
As the former Vice-Chair of the STF, Mr. Buenaventura has solid experience with leading IOSCO work on sustainable finance and providing strategic direction to the STF. His wealth of experience, both within the STF and through his role as chairman of the ESMA Market Integrity and Investor Protection Standing Committees mean he is well prepared to face the challenges in the years ahead.
In addition to the position of CNMV Chair, Mr. Buenaventura has also served as member of the Standing Committee on Standards Implementation of the Financial Stability Board, member of the Board of Supervisors of the European Securities and Markets Authority (ESMA) and, as noted above, chairman of two ESMA Standing Committees, among many other positions.