Latin American Climate Asset Disclosure Initiative (LACADI)
The Latin American Climate Asset Disclosure Initiative (LACADI) aims at contributing to making financial flows consistent with the objectives of the Paris Agreement, as mandated in its article 2.1.c. In this way, the financial sector fosters a resilient transition to a carbon neutral economy. LACADI will build the capacity of financial system actors and regulators to include climate change as a core variable in investment decision-making and climate-financial risks management in Latin America. From Transforma's experience gained at implementing the Colombian Climate Assets Initiative (CCADI), the consortium will implement the Initiative by focusing on bringing close support to financial system actors and regulators and promoting a public-private dialogue that helps develop the regulatory and public policy framework to accelerate climate transition in each country and the Latin American region.
- Countries
- Mexico, Peru, Colombia
- IKI funding
- 2,377,026.84 €
- Duration
- 02/2022 till 06/2026
- Status
- open
- Implementing organisation
- Transforma
- Political Partner
-
- CONSAR
- Financial Superintendency of Colombia
- Ministry of Environment (MINAM) - Peru
- Ministry of Environment and Natural Resources (SEMARNAT) - Mexico
- National Commission of the Retirement Savings System
- Implementing Partner
-
- Iniciativa Climatica de México (ICM)
- Libelula - Peru
State of implementation/results
- More than 170 institutional investors, government representatives, and association representatives attended to three workshops in Mexico and Peru, and one regional. Also a public online seminar to build awareness about the relevance for clients and the general public on the climate action for the finance private sector has been implemented.
- Advisory Committees were established in Mexico, Peru, Colombia and at regional level, inter alia supported by the Bank of Mexico, the Mexican regulator for pension funds (CONSAR), the Peruvian Insurance Association APESEG, PIR (Program for Responsible Investment in Peru), CCADI, Bloomberg and other regional experts.
- The project works closely with PIR (Program for Responsible investment in Peru) and establishes a working group composed by 18 institutional investors to deepen the understanding regarding the Task Force on Climate-Related Financial Disclosures (TCFD) and tools to support the awareness raising and mindset changes on disclosure of financial climate information. LACADI’s team finalised country questionnaires for ranking and individual gap analysis to implement TCFD recommendations. Rankings of the participants for Mexico and Peru were published, which is followed by an analysis of these results.
- A series of training sessions were held, with a minimum of five meetings per investor, with the objective of deepening the results and strengthening capacities in each of the areas of the TCFD. Seven investors participated in this program in Mexico, and ten participated in Peru. Three of them have delivered or are about to deliver their TCFD report.
- LACADI published reports on barriers for sustainable investment and three Policy briefings for Peru and Mexico.
- An infographic on the comparison between International Financial Reporting Standard Climate-related Disclosures "IFRS S2" and TCFD was published.
- With the Mexican regulator for pension funds (CONSAR), technical capacities are being built in the areas of, climate change, sustainable finance, climate finance, climate financial information disclosure, within the Retirement Savings System Board.
- In partnership with the Centro de Estudios Superiores de Administración (CESA), LACADI developed a virtual training program for the Women’s Leadership Initiative in Boards of Directors. The three-module course, covering climate and business strategy, board governance, and execution, attracted around 200 registrants with 40–60 participants per session.
Latest Update:
12/2025
Project relations
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