With the issuance of sustainable bonds for $1.9 trillion in 2021, the Colombian Stock Exchange (BVC) registered a record in the placement of these papers, that every day they gain participation because they are valuable instruments for the companies that launch them and attractive for those who buy them.
(The 14 Colombian companies best rated in sustainability).
In view of the need and high potential of these ESG instruments (environmental, social and corporate governance criteria) in the Colombian market, in 2021 with the inclusion of the Bonds Linked to Sustainability, financing tools that do not have a specific allocation of resources and that allow companies with ESG strategies to finance their operation, the sustainable financing segment of the BVC was consolidated.
And it is that in the last year a record in sustainable issues was achieved, allowing seven issuers to finance $1.9 trillion in the capital market: social bond issues by Banco W, Bancamía, Corficolombiana, Bogotá DC and Icetex, as well as sustainable bonds with Bancolombia, all with an average excess demand of 1.69 times. On the other hand, Compañía de Empaques registered the first Bond linked to sustainability for $50,000 million.
The sustainable financing segment since August 2017 in Colombia, when they began to placehas $1.5 trillion in green bonds, $2 trillion in social bonds, $1.1 trillion in sustainable bonds, $400 billion in orange bonds and $50 billion in bonds linked to sustainability.
(Factors that could put the sustainability of the economy at risk).
The instruments that were initially available correspond to green bonds, to finance environmental and social projects and plans that impact the community, sustainable, that mix the financing of social and environmental projects, and oranges, to finance cultural projects.
Since 2017, A total of 17 issues from 13 companies have been registered with the BVC, financing more than $5.2 billion, which have been used to cover projects related to renewable energy, energy efficiency, sustainable transportation, infrastructure, and financing for micro-entrepreneurs. under factors of gender equity, access to higher education, among others.
According to Juan Pablo Córdoba, president of the BVC, “Sustainable emitters, although they are relatively small today, will be more relevant in the future than ordinary emissions. The BVC’s commitment for five years has been to have this type of instrument available and within the reach of companies, since they are the effective contribution towards greater awareness of their impact on the planet and society”.
For his part, Eduardo Atehortúa, director of PRI (Principles for Responsible Investment) for Latin America, without Brazil, indicated that this global trend is a new era that allows the financing of social and environmental initiatives that strengthen the business. “Those who acquire them seek to have them in their portfolios because they see that the companies that issue them have more responsible and long-term management,” He said.
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