About the iniciative
More funds for our socio-environmental projects
At the beginning of 2021, we successfully completed the public offering of a Sustainability Bond—maturing in 2026—for an aggregate principal amount of USD 400 million. The corporate debt security will support projects having a socio-environmental impact. The proceeds from the issuance will fund or refund triple-impact projects in Latin America, focusing on three priority fields:
- Environmental impact reduction > increased use of renewable energies, energy efficiency projects, purchase of sustainable packaging and materials, and implementation of sustainable mobility.
- Financial inclusion > financial inclusion and more credit lines for SMEs and entrepreneurs.
- Social development > education and training projects to foster digital inclusion, and help young people enter the labor market.
The corporate debt security structure adheres to the Green Bond Principles (GBP), the Social Bond Principles (SBP), and the Sustainability Bond Guidelines, published by the International Capital Markets Association (ICMA).
TransparencyRegular reports will disclose the use of proceeds, including financial management, project evaluation and selection, and the tracking of results based on clear metrics.
USD 62 million
In 2021, USD 62 million from proceeds were invested in the operatin of electric vehicles, and the granting of funding and scholarships.
15.5% bond allocation in 2021.