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Green Bonds

Ministry of Finance receives favourable evaluation from international institutions to issue its first Green Bond

The Minister of Finance, Felipe Larraín, announced that the Republic of Chile is recently prepared to issue its first Green Bond, after receiving favourable opinions from international institutions on its Green Bond Framework.

This Framework is aligned with best practices and was favourably evaluated by Vigeo Eiris, an independent agency specialized in ESG research (environmental, social and governance), obtaining the highest assurance regarding the contribution of the bonds to sustainable development. In addition, the portfolio of projects associated with potential issuances for 2019 has obtained the certification from CBI (Climate Bond Initiative), an international organization specialized in green bond standards. Chile is the second country, after the Netherlands, to achieve this certification.

The development of the Green Bond Framework and the selection of the potential portfolio was led by the Ministry of Finance, and is the result of a joint effort of several ministries, including the Ministry of Agriculture, Energy, Environment, Public Works and Transportation, and the valuable support of the Inter-American Development Bank (IDB). 

Minister Larraín highlighted that this initiative bridges the financial world with environmental protection “The Government of President Piñera has defined the fight against climate change as its key pillar. In this context, we are committed to not build any more coal plants and plan to close the existing thermoelectric plants”, the Minister said. 

More information at:

https://www.hacienda.cl/english/press-room/news/archive/ministry-of-finance-receives-favourable.html

Frequently Asked Questions on Green Bonds:

https://www.hacienda.cl/english/public-debt-office/frequently-asked-questions/green-bonds.html

 

Green Bonds Documentation:

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