Training sessions on green, social and sustainable bonds | LAIF

UNEP FI

April 26, 2022

UNEP FI. The COVID-19 pandemic has generated important changes in much of the financial markets, where sustainable instruments have shown significant growth in Latin America, almost doubling the number of issues and amounts of debt during the period 2020-2021.

According to the report published by the Climate Bond Initiative (CBI) in June 2021, in Latin America and the Caribbean green bonds continue to be the main sustainable financial instruments, reaching an accumulated amount of USD 30 billion, equivalent to 61% of this total sustainable bond market, with a notable increase in the number of issuers and countries where they were originated. The needs of governments to address public health issues and infrastructure investments have generated substantial growth in relative terms in social and sustainable bonds.

Countries face the challenge of driving a post-pandemic economic recovery and this will require significant financial flows to meet the necessary investments. These investments should take into account certain objectives in order to be truly effective:

1. alignment with the central themes of national agendas on sustainable development and combating climate change, increasing current levels of resilience.

2. Economic and social multiplier effect of investments, by stimulating relevant sectors of the economy and creating jobs.

3. Promotion of the inclusion of social segments with varying levels of marginalisation or informality, whether due to social, gender or economic issues.

4. Global collaboration between countries/regions, between private and public sectors, promoting greater and better coordination in the placement of economic stimuli.

UNEP FI and the LAGreen Technical Assistance Programme, together with relevant local stakeholders, will carry out a series of trainings on Green, Social and Sustainable Bonds in Latin America and the Caribbean during 2022: Bolivia, Brazil, Costa Rica, Ecuador, Mexico, Panama, Peru and the Dominican Republic.

OBJECTIVE:

Through these activities we will seek to raise awareness and train on the characteristics of this type of instruments and on the requirements to be taken into account in their placement, so that they contribute to the financing of projects and/or activities that prioritise the fulfilment of the UN Sustainable Development Goals (SDGs), the Paris Agreement on mitigation and adaptation to climate change and measures of positive impact from three points of view (economic, social and environmental).

More details on the trainings in each country can be found below:

For more information: https://www.unepfi.org/events/serie-de-capacitaciones-en-bonos-verdes-sociales-y-sostenibles/

Contact: Carolina Yazmín López carolina.lopez@un.org