In the 10th annual report year, the integrated approach adopted under the International Integrated Reporting Council's standards has helped consolidate both financial information and business perspective with progress achieved towards sustainability.
The document was issued along with the first audited sustainability bond report, and the first environmental risk analysis based on the Task Force on Climate related Financial Disclosure (TCFD) methodology.
Buenos Aires, February 24, 2022 - In line with the goal of contributing to a new economy that can generate economic, social, and environmental value, Mercado Libre introduces its 10th Impact Report, developed for the first time under the guidelines of the Integrated Report framework. Value generation by the company is shown in an integrated manner, including financial information and a long-term business approach.
The IIRC (International Integrated Reporting Council) framework is a perfect match to the best international reporting practices regularly used by the company for its annual report: the Global Reporting Initiative (GRI) standards and the Sustainability Accounting Standards Board (SASB) standards.
The identification of the report contents was based on a survey conducted to more than 45,000 representatives of the company’s stakeholders: employees, users, suppliers, opinion leaders, and NGOs, among others. In addition, the document was published along with the first audited sustainability bond report—one year after the bond was issued—, and the first environmental risk analysis based on the Task Force on Climate related Financial Disclosure (TCFD) methodology.
Mercado Libre’s sustainability strategy focuses on three major action points
Driving the entrepreneurial ecosystem, having digital, commercial, and financial inclusion at the center; supporting communities by developing education and technology programs to help young people access formal employment and the skills of the future; and facing the growth challenge while taking care of the environment, measuring the carbon footprint and fighting against climate change with actions targeting biome restoration and conservation.
At present, the platform provides the main economic support to almost one million families across the region. Similarly, the multiplier effect of Mercado Libre’s e-commerce and financial service ecosystem is helping develop more than 500,000 SMEs in the region, creating 6 direct jobs as part of an increasingly broad and diversified matrix: 6 out of 10 projects are family initiatives, and 1 out of 4 is led by a woman.
In 2021, partnering with education and technology organizations, more than five thousand young people were trained in key skills to access their first job, and approached the world of technology to discover new future possibilities thanks to major initiatives such as Conectadas (Women connected), Certified Tech Developer, and Redes al futuro (Networks for the future).
With two projects targeting the restoration of more than 3,000 hectares in the Brazilian Atlantic Forest, last year Mercado Libre reinforced its commitment to the environmental agenda and launched the Regenera América program with the aim to promote the restoration and conservation of iconic biomes in Latin America, while protecting biodiversity.
About Mercado Libre
Established in 1999, Mercado Libre is the leading e-commerce tech company in Latin America. On its Mercado Libre, Mercado Pago, and Mercado Envíos platforms, it offers solutions for individuals and businesses to buy, sell, advertise, send, and pay for goods and services on the Internet. Mercado Libre provides service to millions of users and has created an online market for the trading of a wide variety of goods and services easily, safely and efficiently. Our website ranks among the 50 most popular platforms in the world in terms of page views. It is also the mass consumption platform recording the highest number of unique visitors in the most important countries where it operates, according to metrics by Comscore Networks. Mercado Libre has been listed on the Nasdaq stock exchange (NASDAQ: MELI) since the initial public offering in 2007, and it is ranked as one of the best places to work in the world by GPTW.
Mercado Libre is investing more than US$ 10 million in the regeneration and conservation of Latin American biomes in 2022
Mercado Pago will introduce financial education projects focused on Latin American women and young people
We are acting today
We know the challenge is huge, but we also know that the time to act is right now.Download Report 2022