BTG Pactual and BRK Announce the First Blue Debenture Issuance of the Private Sector in Brazil

Financial analyst analyzes businessman investment consultant analyzing company financial report balance sheet statement working with documents graphs

BTG Pactual, the largest investment bank in Latin America, acted as lead coordinator and project finance advisor on the first blue debenture issuance in Brazil, in the private sector of Latin America, and the first to market in the sanitation segment globally. The R$ 1.95 billion offer with a 20-year term, was issued by BRK Ambiental Região Metropolitana de Maceió S.A and will benefit more than 1.5 million people who live in and around the city of Maceió. The project was developed by BRK Ambiental, one of Brazil’s largest private sanitation companies.

Blue bonds are debt securities issued specifically for funding projects with environmental benefits linked to preserving water resources. In this case, the funds will be used for paying the required grant for universalizing sanitation services in Maceió’s metropolitan region. “This issuance is the result of the sanitation market’s maturation in the last two years, which has provided greater legal certainty to operators, such as BRK, who are committed to universalizing services in Brazil“, says BRK Ambiental CFO, Felipe Cunha.

“At BTG Pactual, we have carried out consistent and pioneering activities in the capital market within the ESG scope. We are proud to take another step in this agenda, and to be the first lead coordinator bank of a blue bond transaction for the private sector in Brazil, stimulating the maturation of the domestic market by arousing investors’ appetite for allocations like this one”, says Patrícia Genelhú, Head of Sustainable and Impact Investing at BTG Pactual.

The final orderbook demand was over R$ 3bn (1,6x oversubscription) and was composed of very high-quality institutional and retail investors.

“Morningstar Sustainalytics has reviewed BRK’s Blue Bond Framework, and believes it is credible, impactful and aligns with international market principles and standards,” said Sophia Velissaratou, Director of Sustainalytics’ Corporate Solutions.  “The bond structure highlights BRK’s intent to follow Global Guidance on Blue Bonds, and the use of proceeds have the potential to improve access to clean water and sanitation”. 

“By increasing sanitation and waste water treatment, this Blue Bond aims to reduce water and ocean pollution as well as improve the sanitary conditions in the communities of Maceio. BRK’s Blue Bond highlights important action in line with the UN Global Compact’s Sustainable Ocean Principles”, said Suzanne Johnson, Senior Advisor, UN Global Compact, Ocean Stewardship Coalition.

Share this around

Share this around

Discover excellence

Wish news would travel a bit faster?

We can send you regular updates so you'll never miss a thing. Simply subscribe to our list and we'll keep you in the post!

SUBSCRIBE TODAY

Citrosuco Launches Unit for Natural Ingredients Production for Different Industries

fresh orange fruits with leaves

Evera has already started out with an estimated billing of USD 150 million and will expand the access to the market of clean label products that represent more than USD 100 billion globally and has the perspective of growth.

The Brazilian company Citrosuco, one of the largest orange juice producers around the world, responsible for 20% of the global product supply, just announced the launching of Evera, its new business unit that will produce natural ingredients for different industries through the means of reuse technology of waste of the orange such as husks, peels, leaves, flowers, and seeds.

The numbers and the potential for growth from the new business are astounding. Per year, Brazil produces around 13 million tons of oranges, which is the equivalent of 320 million boxes from this total, only 50% become juice, and the other half normally is used in products of low value added such as in the composition of cattle feed, among others. The utilization of technology in order to identify new possibilities of use promises to be cutting-edge in this industry.

For eight years the company has been performing research about alternatives in order to increase the value added by the “other half” of the orange, and during the last two and half years the results started to bear fruit and pointed to a future that now begins to become real. It was necessary to separate the operations so that more attention and focus could be given to the new brand. The investment is around US$ 9 million for research and product development and initial production installation, besides the establishment of partnerships with Brazilian and foreign entities and universities, such as startups from Israel and Silicon Valley (USA) and, especially, with the Dutch Wageningen University, a global reference in agritech and foodtech, and its innovation arm, StartLife.

It isn’t coincidence that the institution is located in a region known as Food Valley.

The new unit is born with a portfolio of 18 products for more than 90 applications, including plant-based foods such as ketchup, mayonnaise, chocolate syrup, various smoothies and even vegan hamburgers, where Evera inputs can be used in the formulation. In this first moment, the focus of production will be to supply the food and beverage industry.

According to John Lin, Chief Business Officer at Evera, market research has shown that consumers are looking more and more for clean label products. “Through the use of our whole production, we will offer healthier foods, produced through sustainable processes. Nowadays we have a range of natural ingredients that can be utilized in the food and beverage market, improving the healthiness and the nutritional value of the end products” he confirms. Yet according to the executive, the appetite for new inputs will depend on the market, but Evera is already able to deliver around 3 to 5 thousand metric tons of the new products in the first year of operation.

Evera carries all sustainable actions already undertaken by its mother company, Citrosuco in its DNA, which maintains a set of ESG actions to deliver its commitment for 2030 in six topics: water, sustainable value, biodiversity, carbon footprint, diversity, and social management.

Among the examples of Citrosuco’s sustainable practices is the certificate from the (SAI Platform) for all its farms. Sustainable Agricultural Initiative was started by the global industry to help food and beverage companies to purchase agricultural raw materials cultivated in a sustainable way and to reach a sustainable production. Besides that, 65% of the energy used by the company comes from renewable sources.

Check Evera’s website and Linkedin page.

Share this around

Share this around

Discover excellence

Wish news would travel a bit faster?

We can send you regular updates so you'll never miss a thing. Simply subscribe to our list and we'll keep you in the post!

SUBSCRIBE TODAY

Encora Ranked Second in 2022 Great Place to Work® Brazil

Group of successful smart business team celebrating good job while holding up their right hands on coworking place

Employees Recognized Mental Health Programs, Leadership Development, and a Differentiated Benefits Package as Key Factors in Making Encora Brazil a Top Workplace

Encora, a global next-gen product engineering provider, today announced its offices in Brazil have been named a top workplace by Great Place to Work® (GPTW™) Brazil in the average-sized multinational companies category. Encora was ranked second among 35 contenders in the category. The Brazil ranking comes in shortly after the São Paulo interior ranking, in which Encora reached second place running with 50 other competitors.

“The results of this year’s GPTW™ Brazil are a true honor,” said Augusto Cavalcanti, President  Americas, Brazil Division, Encora. “We won second place in the Best Companies to Work for in the São Paulo Interior category in September and, now, the second position in the national ranking; two unprecedented achievements that are significant because they validate our commitment to maintaining a healthy work environment and encouraging teamwork.”

GPTW™ certifications are a result of an anonymous survey, which aims to validate a company’s organizational culture to determine whether its employees consider it a consistently good place to work. According to Great Place to Work® Institute research, employees in certified companies are 93% more likely to be happy with their jobs; the chances of receiving fair pay and promotion opportunities are doubled; and there is a significant increase in the quality of leadership.

“Encora maintained an excellent performance in the Brazil Ranking in 2022 among more than 180 companies. Competing in the range of medium-sized multinational companies, it has reached the second position. Improvement in the employee confidence index between 2021 and 2022 has been the key factor in sustaining Encora among the best companies in the country,” says Lucas Madio, Customer Success Analyst, Great Place to Work® Brazil.

Encora Brazil has been recognized for more than 20 GPTW™ awards in three categories (São Paulo Interior, Multinational Average-Sized, and Information Technology), rising annually in these rankings. The company began its journey of focusing on a people-first philosophy more than 13 years ago, with the well-being area. In the early 2010s, Encora realized that its management practices, which focused on people, well-being, and a collaborative environment, were gaining more and more prominence in the technology market. The company doubled down on its commitment to creating a positive experience for employees, which has led to satisfied employees and impressive growth in Brazil and globally.

Encora’s global leadership team also supports its regional cultures by developing learning & development opportunities and partnerships; launching new tools and platforms to keep team members engaged and connected; delivering employee benefits such as flexible and remote work; and investing in tools to improve processes. Most of all, Encora has worked to build a global culture where people feel safe, respected, empowered, and motivated to be their best selves.

For more information on Encora’s commitment to creating a positive culture for all, visit – https://www.encora.com/about.

To see all Encora’s available positions in Brazil, please visit – https://careers.encora.com/country/brazil.

Share this around

Share this around

Discover excellence

Wish news would travel a bit faster?

We can send you regular updates so you'll never miss a thing. Simply subscribe to our list and we'll keep you in the post!

SUBSCRIBE TODAY

International SEO: A Brief Guide

Search engine optimisation or SEO is a vital component of any digital marketing strategy. After all, it can create the online exposure that a brand or company needs to attract a higher volume of organic web traffic, leading to more conversions and sales. However, what happens if you use SEO and expand beyond the local markets? With Google seeing billions of searches every day, there are opportunities for organisations to draw in prospects.

The caveat, in this case, is the standard practices might not translate as well as some might think. In some instances, it may even hurt your efforts outside the country. Therefore, you must implement strong international SEO techniques to steer clear of this pitfall. In this guide, we’ll discuss what it is and how advantageous it can be for you.

International SEO—what is it?

As its name suggests, international SEO refers to the combination of practices, processes, and policies that organisations use to optimise their search content outside their respective countries. Its goal is to ensure that search engines can identify and determine where businesses operate from and the languages they support. Effective campaigns leverage language and geographic data for developing plans that can generate strong returns.

Implementing robust strategies and hiring agencies specialising in international SEO like Ocere can help you capture new markets. As a result, you can significantly multiply your revenue stream.

How international SEO transforms websites

Strategies for international SEO mainly focus on creating content applicable to the local markets and developing website structures to help search engines serve and find the correct websites. For instance, a company selling window shades within the U.S. that is looking to branch out to South American countries like Brazil or Colombia will need to ensure that the target customers are guided to the web pages containing information regarding their locations, shipping times, and costs and fees in the country’s currency.

So, the hypothetical organisation will need to structure its website to include Brazil or Colombia and United States pages. They must also leverage the metadata needed so search requests will direct users to where they need to be on the site based on their location.

Do you need it?

Whether or not you need international SEO strategies in place will depend on the plans you have for your business. If you’re not looking to go beyond your local market, state or city, it probably won’t be worth the resources and time required. In reality, it’ll only backfire on your brand if it’s only local. However, if you plan to expand the company beyond the country’s borders, international SEO will get you places. Given the many businesses competing for their respective markets globally, these strategies are necessary to stand out.

Even countries in close proximity can benefit from international SEO. For example, a company in the United States looking to attract a Mexican market can use this strategy to its advantage.

International versus local SEO

The main difference between international and local SEO is scale. The latter primarily focuses on target audiences and keywords in a narrow geographic location, while the former targets a more diverse market across various regions. Their main differentiators are the following:

Cost. International SEO generally comes with higher costs due to scope and scale.

Content. To broaden reach globally, more content will need to be produced instead of local SEO strategies.

Capture. With a global market, comprehensive research is necessary to accommodate consumers and meet expectations.

Conclusion

There aren’t many digital marketing techniques that are as essential as international SEO when creating a global presence. However, the process is as complicated as it is tedious. Therefore, it’s a rule of thumb to invest in the services of professionals instead of tackling it yourself. Doing so will save you time and a lot of trouble.

Typing hand

Share this around

Share this around

Discover excellence

Wish news would travel a bit faster?

We can send you regular updates so you'll never miss a thing. Simply subscribe to our list and we'll keep you in the post!

SUBSCRIBE TODAY

Real Estate Market: the Brazilian Startup’s Plan to Become the Building Software With Housi

Keys and paperwork

Latin American proptech has consolidated itself as a “camel startup” – which is one that has sustainable growth, good cash flow, stability and long-term strategies. It is focusing all its efforts on equipping real estate developments and is betting on the strategy of housing as a service connected to other complementary services in a new application.

Launched in 2019, Housi is a world pioneer in the 100% digital flexible housing service. The entire process is done digitally and, to rent an apartment on the platform, it takes less than 1 minute. The resident has everything in a single subscription, such as: rent, furniture, water, electricity, internet, Netflix, etc.

As unicorns in the proptech sector, with a wave of layoffs and questioning in valuations, Housi – a world pioneer platform in the 100% digital flexible housing service – has doubled its team and aims to expand into the international market. Among the main international destinations are the USA, Latin America and Portugal.

“We are growing 400% a year. There are 200 partner developers and more than 60,000 apartments equipped with Housi’s operating system. This represents a PSV close to R$20 billion with the Housi brand – which makes it virtually the largest developer in Brazil”, says Alexandre Frankel – CEO of Housi.

Nowadays it is possible to install services such as Waze and the banking app on smartphones. So, imagine installing the main services also in buildings: mini market, laundry, on-demand rental of household items. All are connected to a single housing app. This means more simplicity and free time. 

“In a very simple way, the same transformation that Microsoft brought to personal computers or that Google’s Android and Apple’s iOS systems brought to mobile devices, Housi proposed to bring to still analog hardware: real estate. We connect previously analog buildings to services and solutions through Housi AppSpace,” explains Frankel.

In just a few months, the company has already attracted around 50 partners to its Housi App Space. “In practice, this process is almost organic and software driven. It’s just a matter of adapting the technology”, says the CEO.

Partnerships include major brands such as Unilever and Samsung to bring solutions such as:

  • laundry
  • cleaning
  • grocery store
  • home appliance rental
  • smart lockers
  • subscription electric car
  • shared bicycles

“Housi AppSpace is our Windows. Just like any hardware, a building needs an operating system. And our vision is to be the operating system that digitizes real estate and connects it to developments”, he concludes.

Share this around

Share this around

Discover excellence

Wish news would travel a bit faster?

We can send you regular updates so you'll never miss a thing. Simply subscribe to our list and we'll keep you in the post!

SUBSCRIBE TODAY

Brazil Will Be a Global Leader in Open Banking and Finance, Industry Experts Predict

Brazilian real money notes

An Open Banking Excellence Campfire shone a light on payment initiation in Brazil and addressed the topic of the country’s Open Banking ecosystem. Guests included representatives of Mastercard, Brazil’s Central Bank, Itaú Unibanco and more.

 

Brazil’s Open Banking and Finance ecosystem will soon be the largest in the world, according to speakers at an industry event. Open Banking Excellence (OBE), the global centre of community and knowledge, driving change in Open Finance, gathered key players in the finance industry around its digital Campfire to celebrate the launch of payment initiation in Brazil and discuss the future ahead.

Over the last 12 months, Brazil has moved at an astonishing pace as it built a world-class Open Banking and now Open Finance ecosystem. So far in 2022, Brazil’s National Monetary Council, together with the Central Bank of Brazil, issued a resolution that officially launched an Open Finance project in the country and Mercado Pago became the first payment initiator in Brazil.

OBE founder Helen Child spoke to Thomas Camargo, Vice President of Open Finance at Mastercard Brazil, in a fireside chat to discuss challenges and the countless lessons learned from this ecosystem implementation in the country.

Thomas said: “The possibilities that Open Finance brings to the market are accompanied by several opportunities for institutions. Therefore, we have been working to demonstrate our experience in the matter in regions such as Europe, Asia and the USA, which makes us an important partner at this time, also to Brazil.”

The Campfire featured sessions in English and Portuguese. The discussion in Portuguese, which was chaired by Leandro Pupe Nóbrega, Product Operations Leader at Belvo, focused on the adoption of Payments Initiation in Brazil.

Ana Paula Nunes Cerchiari Almeida, Superintendent of Digital Cash Management & Open Banking at Itaú Unibanco, said: “We believe that payment initiation brings a great opportunity from the customer’s point of view. I believe that after this initial stage of stabilisation of Open Finance platforms, Brazil will see a significant increase in initiators bringing different solutions and benefits to meet the needs of our payers and recipients. I believe that we will have adoption both from institutions and users of these solutions.”

Janaína Pimenta Attie, Head of Division in the Financial System Regulation Department, Central Bank of Brazil (BCB), said: “The Open Banking implementation process here in Brazil, despite being very recent, has already presented very concrete and expressive results, especially if we consider its breadth of scope, number of participants and the resulting complexity.

“Payment initiation combines two of the Central Bank’s most strategic and significant projects: Open Finance and PIX.  We expect that this merger will bring very significant benefits, especially for the receiving users, shopkeepers, commerce and customers. The initiation explores a segment with very relevant growth potential. The usability improvements of paying with PIX via an initiator are an interesting differentiator for this experience in this environment.”

Luigi Iervolino, Director & Head of Open Finance CoE at BIP Brasil, said: “Institutions are preparing to literally transform the customer journey by including these new possibilities that payment initiation allows, simplifying onboarding and payment transfer.”

In the English section of the Campfire, pioneers from the UK were asked to share their learnings on Open Banking and Finance implementation.

Gavin Littlejohn, Chairman of FDATA, said: “In Brazil, it is critical that customer experience guidelines are implemented and that the regulatory authorities pursue a standardisation approach. It is possible to innovate beyond that but having a high-quality minimum threshold is a great place to start.”

He also suggested how to drive adoption: “As an industry, we need to provide regulatory authorities with better tools to ensure that companies are compliant with the minimum market requirements. Besides that, we need to start aligning commercial incentives and begin the process of enabling functionalities beyond the minimum requirements.”

Huw Davies, Co-founder and Chief Commercial Officer of Ozone API, shared some learnings for Brazil taken from his time leading the development of the Open Banking ecosystem in the UK: “We have had some good momentum in the UK recently, particularly around the uptake of payments.

He added: “Brazil had a massive second mover advantage and could build on the learnings of the UK with mandated standards and strong conformance regimes. It has created a foundation for a high-performing ecosystem.”

Ralph Bragg, Founder & CTO of Raidiam, said: “The real evolution takes place when banks and providers look beyond the regulatory mandate and at what is being implemented.”

He added: “Brazil has capitalised on the learnings from the UK and other markets to deliver quickly, plug quite a few of the gaps and fix quite a few of the mistakes we made the first time around.”

“Brazil has a chance to learn, take stock and implement quickly by cherry-picking the best of what is available around the world.”

 

About OBE

OBE is a global centre of community and knowledge driving change in Open Finance. We create exceptional platforms and content that promote new thinking, partnerships and ways of working for financial service providers, banks, fintechs, regulators and the wider ecosystem – catalysing the adoption of Open Finance and Data for better financial inclusion worldwide. Our collaboration and conversations continually keep the Open Banking industry connected and supported, driving them toward growth and innovation.

  

About OBE Brazil

OBE Brazil is a local chapter of Open Banking Excellence (OBE), the global community based in the UK, created to inspire innovation, collaboration and partnerships within Open Finance. It’s born at a very exciting time for Open Banking within the country, and is designed to spark connections and knowledge that shape the future of Open Finance within Brazil – whilst also connecting the Brazilian industry to a wider global family and amplifying its successes. This is an opportunity for pioneers in the UK Open Finance space to also share their lessons learned as well as use cases that are already changing consumers’ lives for the better. Sponsored by Mastercard and Accenture, OBE Brazil is a big family that fuels collaboration, ideas and knowledge sharing between peers, countries and continents through its campfires, hackathons, masterclasses and events.

Share this around

Share this around

Discover excellence

Wish news would travel a bit faster?

We can send you regular updates so you'll never miss a thing. Simply subscribe to our list and we'll keep you in the post!

SUBSCRIBE TODAY

The Best Accounting and Auditing Firm – South America

Two accountants discussing an audit

Recognized as South America’s Best Accounting and Auditing Firm, Abalt Accounting, Audit & Tax specializing in providing professional services in the financial, accounting, administrative, tax and legal sectors. Established by a team of interdisciplinary professionals, Abalt is run under the highest industry standards, providing the utmost ethical and confidential levels of quality to its diverse range of clients – unparalleled in its field of expertise.

Founded in 2008, Abalt Accounting, Audit & Tax provides comprehensive solutions with high added value that allow its clients to produce competitive improvements to keep up with the continual fluctuations of the modern world.

Accredited for being independent professionals in their retrospective sector, Abalt transforms its client’s investments into exceptional results, offering the nation integral solutions through its three sectors of business – accounting, auditing and taxes.

At Abalt, clients can reside safely and comfortably, knowing that the company’s team of industry professionals, who are highly motivated, committed and exceptionally capable of exceeding excellence, will look after their investments. So, while Abalt is taking care of its client, clients can focus on what’s truly important – building their business.

Abalt has established a mission since its inception to provide permanent accompaniment throughout its services, ensuring that a member of staff is always accounted for its client’s journey with the company. As a result, clients are well cared for and catered to by delivering this added value, professionally and personally.

Abalt relies heavily on the professional intellectuals and talented individuals who work for the firm to provide such exceptional services. Staff members play an integral and fundamental role in the growth and success of the company due to the reputation that they produce and the results they achieve. Thus, when looking for young and eager professionals to join the team, Abalt focuses on the communal growth individuals can provide- to the company, in their roles and the client.

With over a decade’s worth of experience and expertise in the industry, Abalt has been able to provide exceptional services within its field and, because of its growing reputation, has expanded to several countries, aiding and supporting a diversified range of clients worldwide.

Abalt is recognized for its customer-orientated approach within accounting, auditing and tax sectors and is accredited within South America and internationally for providing comprehensive and effective solutions for businesses across the globe – a leading benchmark for auditing and consulting within the industry.

 

For business inquiries, contact [email protected] at  ABALT CIA. LTDA. or via www.abaltecuador.com.

Share this around

Share this around

Discover excellence

Wish news would travel a bit faster?

We can send you regular updates so you'll never miss a thing. Simply subscribe to our list and we'll keep you in the post!

SUBSCRIBE TODAY

Safety First!

Manuifacturing machines in a factory

The history of safety is one built on increasing standards for everyone. The team at Automa Safety have revolutionized the industry for people in Brazil, bringing higher standards for all. In the Latin and South America Business Awards 2021, the team were awarded the title of Best Machine & Equipment Security Solutions Provider – Brazil. We dig a little deeper to discover precisely how they’ve achieved such success.

In 2003, the team behind Automa Safety began the process of reinventing the way in which Brazilian business sees safety. For nearly 20 years, the team have been encouraging and empowering organizations to make proactive steps to secure the safety of their equipment, their staff and their customers. With a comprehensive range of services covering a host of different industries, it’s little wonder that they are not only in such high demand, but have achieved such incredible success.

When the team first opened the firm’s doors, the hope was that Automa Safety could become a national reference in the machine security market. Their efforts have been targeted at all times to eliminating any risk of accidents within the workplace, making companies aware of their responsibilities towards the implementation of a safe working environment. It’s environments where people feel safe that are able to grow in a way that is responsible and reliable.

Key to the team’s success, therefore, is an approach which champions quality above all else. For them, the most important thing is making sure that their client’s staff are always safe. Nothing can be allowed to compromise their physical or moral integrity. Whilst emergencies may occur, there’s no reason why sound health and safety protocols cannot ensure that people are safe no matter what.

To take care of people, they must have access to the highest quality of machinery. For the last 18 years, the team have been developing leading solutions in numerous industrial sectors to ensure that their clients maintain the highest possible standards. The vast majority of companies do not reach Brazilian Regulatory Norms, which is why approval from Automa Safety is not only a sign of quality, but a seal of approval when it comes to safety. Their work has provided several solutions such as risk assessments, machinery inventories and training to ensure people feel safe.

Since opening their doors, the Automa Safety team have grown into the largest organization serving the machine safety market. Their metallurgical factory is filled with state-of-the-art equipment to support the highly trained team. The incredible quality of the team’s work is why so many trust them to deliver such a high level of success.

Of course, it’s not just people that the team are concerned with. Automa Safety has made its name through considering the challenges facing the local environment too. Their Environmental Management System allows them to consistently measure and control environmental performance in order to prevent sudden environmental impacts. The team are constantly searching for technologies that will keep them competitive, both in terms of cost and environmental impact.

 The world must become a safer place, and key to that is companies such as Automa Safety raising standards across the board. The work of this talented team is crucial to creating environments where all can feel comfortable. It’s a credit to the team’s hard work and tremendous ability that they have achieved so much for the people of Brazil, and are certain to do so long into the future.

 

For business enquiries, contact Vladimir Kuse at Automa Safety via [email protected].

Share this around

Share this around

Discover excellence

Wish news would travel a bit faster?

We can send you regular updates so you'll never miss a thing. Simply subscribe to our list and we'll keep you in the post!

SUBSCRIBE TODAY

Best Internet Traffic Exchange Point 2021

A row of servers

Located in Santiago, PIT Chile is part of the Wired and Wireless Telecommunications Carriers Industry and has a total of 10 employees across all of its locations. We find out more about what the company can offer in the wake of it being recognized in the New World Report.

Established in 2016, PIT Chile is a large Internet Exchange Point (IXP), with seven data centers in the northern and central parts of Chile, connecting traffic between internet infrastructure companies. The company provides services to major content delivery networks (CDNs) including Facebook, Fastly, Google and Microsoft, and local Chilean ISPs businesses.

By definition PIT Chile is a public, neutral, transparent and open IXP. Other main characteristics of its exchange point include:

  • Distributed (presence in two datacentre: Ufinet in Las Condes (TIER II) and Level 3 in Huechuraba (TIER III)
  • Operation in Layer 2
  • Offers multilateral IPv4 and IPv6 peering
  • Allows bilateral peering
  • Home of a Root DNS server J, operated by Verisign
  • Home of a TLD server (Top Level Domain) DNS operated by Packet Clearing House
  • Has ASN and IP v4 and IP v6 own assigned by LACNIC for the exclusive use of the IXP
  • Is an IXP recognized by SUBTEL and LACNIC as such, in addition to other key institutions in the global internet such as ISC.org, PCH, PeeringDB or Verisign
  • Has a 24X7 operating NOC for the resolution of any contingency

PIT Chile’s strategy is continuous growth incorporating the largest number of members, whether they are PIT’s, ISP’s, CDN’s or other institutions such as universities, state agencies, or financial institutions, that meet the technical requirements.

The firm’s main objectives are to ‘put a switch away’ from Internet content providers and consumers, promote and facilitate bilateral peering between different networks, especially ISPs and content providers, promote and facilitate the use of IP v6, and reduce latencies in regional and national connections. It also increases available bandwidth and internet redundancy in America in general and Chile in particular. As a side effect, it achieves a reduction in costs so that it can be the Exchange Point with the largest number of members in America. It has the highest volume of traffic among the PITs in the world, advertises to members as many unique routes as possible (not advertised by other PITs/ISPs), and keeps as much internet traffic as possible within the PIT. Lastly, it promotes “peering” as a means to improve the internet and creates an active community where those responsible for networking, interconnections, routing, etc. participate and can exchange knowledge and help each other.

Recently, PIT Chile was named the prestigious accolade of Best Internet Traffic Exchange Point 2021 in the New World Report. This title is a testament to the dedication and continued hard work of the company.

 

For business inquiries, contact Pit Chile via www.pitchile.cl.

Share this around

Share this around

Discover excellence

Wish news would travel a bit faster?

We can send you regular updates so you'll never miss a thing. Simply subscribe to our list and we'll keep you in the post!

SUBSCRIBE TODAY

Ministers and High-level Authorities Urge for Incorporating the Gender Perspective into Policies for Pandemic Response and Recovery

Illistration of people and medical equipment on a turquiose background

The 62nd Meeting of the Presiding Officers of the Regional Conference on Women in Latin America and the Caribbean, organized by ECLAC in coordination with UN Women, concluded 27th January 2022 with a call for promoting policies that would foster a transformative recovery with gender equality.

Ministers and high-level authorities from mechanisms for women’s advancement urged for incorporating the gender perspective into COVID-19 pandemic response and recovery policies and for including women and girls in their design and implementation, during the closing session of the Sixty-second Meeting of the Presiding Officers of the Regional Conference on Women, organized by the Economic Commission for Latin America and the Caribbean (ECLAC) in coordination with the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women).

At the gathering, these authorities committed to “advancing recovery plans with affirmative actions that foster comprehensive care systems, decent work and the full and effective participation of women in strategic sectors of the economy for a transformative recovery with gender equality aimed at the sustainability of life and for the transition to a care society.”

In the agreements reached at the meeting, the delegates again reaffirmed the commitment to “take all necessary measures to accelerate the effective implementation of the Beijing Declaration and Platform for Action and the Regional Gender Agenda, strengthening gender equality institutions and architecture through the prioritization of machineries for the advancement of women and gender mainstreaming by the different levels and branches of the State, by increasing the allocation of financial, technical and human resources, gender budgeting, and monitoring and accountability, with citizen participation.” They added that this “will foster public policies for response to the COVID-19 pandemic and a transformative and gender-equal post-pandemic recovery.”

The authorities also approved a roadmap for the fifteenth session of the Regional Conference on Women in Latin America and the Caribbean, which will take place in Argentina during the first week of November 2022.

In the framework of the Regional Consultation prior to the 66th session of the Commission on the Status of Women (CSW), the ministers and high-level authorities adopted a joint declaration addressing climate change and disasters, environmental sustainability and gender equality. The Declaration recognizes the differentiated effects of climate change on women and girls, along with the greater impact they face when disasters hit, highlighting the region’s vulnerable situation with regard to both climate change and disasters. In this context, the adopted Declaration proposes concrete measures so that the climate and environmental challenge we are facing does not serve to further deepen inequality for women and girls, but rather serves as an opportunity to carry forward initiatives that would put them at the center. The Declaration will be presented by Argentina, the country that represents the Group of Latin American and Caribbean States (GRULAC) on the Bureau of the CSW, and to the rest of the countries that will participate in the 66th session.

Participating in the meeting’s closing session were Ana Güezmes García, Director of ECLAC’s Division for Gender Affairs, speaking on behalf of Alicia Bárcena, the regional commission’s Executive Secretary; María-Noel Vaeza, Regional Director for the Americas and the Caribbean of UN Women; and Mónica Zalaquett, Minister of Women’s Affairs and Gender Equity of Chile, in her capacity as Chair of the Presiding Officers of the Regional Conference on Women in Latin America and the Caribbean.

Ana Güezmes reaffirmed the importance of moving towards a care society for a transformative and sustainable recovery with gender equality in Latin America and the Caribbean.

ECLAC’s representative underscored that addressing climate change and disasters is one of the major challenges we face as a regional and international community, and it brooks no delays. “That is why we need to foster mitigation and adaptation actions, ones that are coordinated at an international, regional, national and subnational level. These actions are clearly linked to policies that would put care for the planet and for people at the center of sustainable development, and that means linking to, and removing, the structural constraints of inequality.”

Furthermore, Ana Güezmes emphasized that “it is urgently necessary to redistribute time, resources and power, and work to move towards a new development pattern based on gender equality and sustainability. We are facing a change of era. The care society is our horizon.”

In her remarks, María-Noel Vaeza stressed that “women’s organizations on the ground, and in particular those of women who defend human rights and the environment, including indigenous women, are especially vulnerable to growing threats and acts of gender violence, above all in Latin America and the Caribbean, since they are trying to protect natural resources from unsustainable exploitation. Ensuring their protection and their human rights must be an essential priority.”

Minister Mónica Zalaquett, meanwhile, highlighted Latin American and Caribbean countries’ commitment to continue laying the foundations for a more sustainable, inclusive and equitable post-COVID-19 world.

“I have watched with pride how our countries have risen to the occasion to face such a complex and changing scenario as the one prompted by the COVID-19 pandemic, which has affected all spheres of women’s lives, producing the biggest economic crisis in recent decades and further straining the gender inequalities and gaps that limit women’s autonomy in our society,” the minister stated. She also expressed gratitude for the broad support given to the Regional Alliance for Women’s Digitalization in Latin America and the Caribbean, led by Chile with technical support from ECLAC and UN Women, and reiterated her call for governments to actively participate in this initiative.

At the meeting, the participating authorities invited all the countries of the region to join the Global Alliance for Care, launched by Mexico with the support of UN Women, and encouraged the governments of Latin America and the Caribbean and of other regions, developed countries, United Nations agencies, funds and programs and other relevant actors to contribute financial resources to ensure the sustainability of the Regional Fund in support of Women’s and Feminist Organizations and Movements.

Finally, the ministers and senior authorities recognized Alicia Bárcena, ECLAC’s Executive Secretary, “for her leadership, commitment and outstanding work, and for her efforts in favor of the rights and autonomy of women in Latin America and the Caribbean, as well as for her tireless efforts in favor of gender equality to achieve sustainable development and a care society in the region.”

Participating in the meeting were delegates from 39 of ECLAC’s Member States and associate members, along with a sizeable group of representatives from UN agencies, funds and programs, specialized organizations and intergovernmental bodies, feminist and women’s organizations and civil society entities.

Share this around

Share this around

Discover excellence

Wish news would travel a bit faster?

We can send you regular updates so you'll never miss a thing. Simply subscribe to our list and we'll keep you in the post!

SUBSCRIBE TODAY