São Paulo, October 2, 2024 — The Valuation 20 Summit (V20) brought global leaders in valuation from G20 member countries to São Paulo to discuss key issues and opportunities in the valuation profession.
Presided over by Ben Elder, Global Director of Valuation at RICS, with support from Secretary Raymond Moran, Coordinator of the Valuation 20 Summit, and hosted by Luciano Ventura, President of the Brazilian Institute of Valuations and Engineering Expertise (IBAPE Nacional), the meeting gathered representatives from 14 countries in addition to Brazil: South Africa, Germany, Saudi Arabia, Australia, Canada, Chile, United States, Costa Rica, South Korea, India, Mexico, Peru, United Kingdom, and Uruguay.
The Summit is an initiative of the Assessors and Registered Valuers Foundation (AaRVF) of India and the International Valuation Standards Council (IVSC). In Brazil, it was organized by IBAPE Nacional with support from IBAPE São Paulo, CREA/SP – Regional Council of Engineering and Agronomy of São Paulo, Mútua – Assistance Fund for CREA Professionals, CONFEA – Federal Council of Engineering and Agronomy, MRS Logística, Lead Gestão Fundiária e Setape Engenharia de Avaliações.
“It was a privilege to bring together experts from around the world to discuss the importance of valuation as a foundation for strategic decisions. This Summit marks a historic moment for Valuation Engineering in Brazil and strengthens valuation practices internationally,” stated Luciano Ventura, President of IBAPE Nacional.
Meeting Highlights
In the days leading up to the Summit, the Valuation 20 Conference took place, coordinated by the President of IBAPE’s Advisory Council, Amarilio Mattos Jr., and the Coordinator of V20 Brazil, Tercio Queiroz, gathering 250 participants in the CREA/SP auditorium. Attendees enjoyed lectures and debates with prominent national and international figures in the field of valuations and engineering expertise.
At the opening session, we had the privilege of having the President of Mútua Nacional, Joel Krügger, and the President of CAU/BR – Council of Architecture and Urbanism, Patrícia Sarquis Herden.
Key Agenda Highlights:
1. Reaffirmation of the V20 Declaration: Saurabh Gupta, AaRVF representative, presented a reminder of the V20 Declaration, in which representatives of Professional Valuation Organizations (VPOs) from the G20 committed to provide Trusted, Reliable, and Transparent (TRT) valuation advice to G20 countries. The declaration emphasizes the importance of ethical practices, methodological excellence and inclusion in valuation processes.
2. Commitment to G20 Engagement: The main goal of the meeting was to consolidate the status of V20 as an official Engagement Group of the G20. This initiative aims to support G20 Working Groups with transparent valuation information to enhance decision-making processes. Leaders outlined plans to promote the adoption of International Valuation Standards in alignment with the G20’s sustainable development goals.
3. Outcomes of the Summit: The Summit followed the successful conference in São Paulo, where VPOs reaffirmed their commitment to the V20 Declaration. Participants shared insights and reflections on the discussions, highlighting collaborative efforts and common goals among member nations.
4. Progress Updates: Representatives from various countries provided updates on engagement efforts, demonstrating a commitment to ongoing collaboration and knowledge sharing. Discussions included reflections on the recent conference held in São Paulo, focusing on lessons learned and positive takeaways.
5. Next Steps: Looking ahead, meeting participants agreed on the importance of early engagement with the organizing committee for the G20 in South Africa for 2025 and the United States for 2026, ensuring that valuation standards continue to evolve in line with global needs.
For more information, please contact:
Eng. Camila Moreira Callegari
Director of Special Projects
+55 27 98118.8930
https://ibape-nacional.com.br/site
