{"id":2503,"date":"2024-09-02T11:15:07","date_gmt":"2024-09-02T10:15:07","guid":{"rendered":"https:\/\/lagreen.lu\/?p=2503"},"modified":"2024-09-02T11:15:07","modified_gmt":"2024-09-02T10:15:07","slug":"mexico-accumulates-usd38-3-billion-in-thematic-bonds-until-2023","status":"publish","type":"post","link":"https:\/\/lagreen.lu\/es\/mexico-accumulates-usd38-3-billion-in-thematic-bonds-until-2023\/","title":{"rendered":"Mexico accumulates USD38.3 billion in thematic bonds until 2023"},"content":{"rendered":"

Mexico accumulates USD38.3 billion in thematic bonds until 2023
Public and Private Sector Issuances have grown consistently since 2019<\/em><\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

Mexico and Luxembourg, August 28, 2024<\/strong> \u2013 Climate Bonds Initiative, in collaboration with the LAGreen Fund, with the financial assistance of the European Union, announces the “Mexico Sustainable Debt State of the Market 2023”<\/a> report. The launch of this report was made possible thanks to the collaboration and continued support of BIVA, which hosted the launch event. The study details an impressive USD38.3bn of cumulative issuance of Green, Social, Sustainability, and Sustainability-Linked Bonds (GSS+) aligned with Climate Bonds\u2019 screening methodologies issued in the county by the end of 2023. This represents a 25% year-over-year (YoY) increase, underlining Mexico\u2019s position as the second largest market for labelled bonds within Latin America and the Caribbean (LAC).<\/p>\n\n\n\n

Key Findings:<\/strong><\/p>\n\n\n\n

Market Leadership: <\/strong>In 2023, Mexico’s GSS+ bonds issuance reached USD14.7bn in alignment with Climate Bonds’ screening methodologies, which represents 25% increase in aligned volume. This solidifies Mexico’s leading position in the LAC sustainable finance market, representing 21% of the region’s total cumulative volume\u200b by the end of 2023<\/p>\n\n\n\n

Sovereign and Development Bank Contributions:<\/strong> Significant contributions came from sovereign issuers and development banks, with the public sector accounting for 75% of the total volume. The Mexican government issued 14 sustainability deals worth USD13.3bn, while the local development bank Banobras issued 17 deals totaling USD4.5bn of cumulative issuance\u200b.<\/p>\n\n\n\n

Sectoral Opportunities:<\/strong> The report highlights substantial investment opportunities in the circular economy, sustainable infrastructure, low-carbon buildings, transportation, and nature-based solutions such as reforestation and sustainable land management which could be aligned with the Mexican Sustainable Taxonomy.<\/p>\n\n\n\n

Market Trends:<\/strong><\/p>\n\n\n\n

Enhanced Alignment Rates:<\/strong> In 2023, 83% of Mexico\u2019s GSS+ debt volumes issued adhered to Climate Bonds’ methodologies, reflecting improved disclosure practices and alignment with technical screening criteria\u200b. This percentage is higher than the global rate (80%) and the LAC rate (75%).<\/p>\n\n\n\n

Dominance of Sustainability Bonds:<\/strong> Sustainability bonds dominated Mexico’s GSS+ market, accounting for 72% of the cumulative aligned volume\u200b issued in Mexico and 43% in LAC, where green bonds dominate.<\/p>\n\n\n\n

Infrastructure and Manufacturing Focus: <\/strong>Increased demand for sustainable infrastructure projects, driven by nearshoring and federal initiatives, and the manufacturing sector’s role as a significant GDP contributor highlight the market’s diverse investment potential\u200b.<\/p>\n\n\n\n

Kurt Vogt, Board Member \u2013 LAGreen: “At LAGreen, we are thrilled to see the significant strides Mexico has made in sustainable finance, particularly in the thematic bond market. As the report shows, it is not only about the impressive growth of this segment of the fixed income market, but also the impact credentials of the bonds placed, the number of new issuers and the diversity of sectors represented. This outcome results from of the good work conducted over the years by key market players such as local and international development banks, financial institutions, institutional investors, market associations and issuers. We are therefore proud to support initiatives that drive the development of this vibrant and innovative market and to contribute to a sustainable future for all.\u201d<\/p>\n\n\n\n

Andr\u00e9s Felipe S\u00e1nchez, Head of Latin America and the Caribbean, Climate Bonds Initiative:
“Mexico\u2019s leadership in the sustainable finance market is a testament to the collaborative efforts between the public and private sectors. The progress we’ve seen is impressive, especially considering that between 2019 and 2023, the GSS+ market in Mexico accounted for around 8% of the overall debt issued in the country, which is double the global figure of 4%. This demonstrates the country’s strong commitment to implementing sustainability strategies that align with international ESG standards.”<\/p>\n\n\n\n

###<\/strong><\/p>\n\n\n\n

Sobre LAGreen<\/strong>
LAGreen es el primer fondo de bonos verdes dedicado a Am\u00e9rica Latina. A trav\u00e9s de la inversi\u00f3n en bonos verdes y el apoyo a nuevos emisores mediante asistencia t\u00e9cnica, LAGreen tiene como objetivo potenciar los beneficios ambientales y sociales en la regi\u00f3n y promover la transici\u00f3n hacia una econom\u00eda verde.<\/p>\n\n\n\n

Como fondo de inversi\u00f3n de impacto asesorado por Finance in Motion y Santander Asset Management, LAGreen se estableci\u00f3 como una iniciativa del Banco de Desarrollo KfW de Alemania, con capital inicial proporcionado por la Uni\u00f3n Europea (UE) y el Ministerio Federal de Cooperaci\u00f3n Econ\u00f3mica y Desarrollo (BMZ) de Alemania.<\/p>\n\n\n\n

Para m\u00e1s informaci\u00f3n, visite https:\/\/lagreen.lu<\/a> y s\u00edganos en LinkedIn<\/a>.<\/p>\n\n\n\n

Sobre Finance in Motion<\/strong>
Finance in Motion es un gestor global de activos de impacto enfocado exclusivamente en el desarrollo sostenible en mercados emergentes y econom\u00edas en desarrollo. La compa\u00f1ia estructura, gestiona y asesora fondos de inversi\u00f3n de impacto que re\u00fanen a inversionistas p\u00fablicos y privados para abordar el cambio clim\u00e1tico, fortalecer la conservaci\u00f3n de la biodiversidad, fomentar el uso sostenible de los recursos naturales, mejorar los medios de vida y promover oportunidades econ\u00f3micas.<\/p>\n\n\n\n

Para m\u00e1s informaci\u00f3n, visite: www.finance-in-motion.com<\/a>
Tambi\u00e9n puede seguirnos en @financeinmotion<\/a> and LinkedIn<\/a><\/p>\n\n\n\n

About Climate Bonds Initiative<\/strong><\/p>\n\n\n\n

Climate Bonds Initiative is an international not-for-profit working to mobilise global capital for climate action. Climate Bonds undertakes advocacy and outreach to inform and stimulate the market, provides policy models and government advice, market data and analysis, and administers an international Standard & Certification Scheme for best practice in green bonds issuance. For more information, please visit www.climatebonds.net<\/a><\/p>\n\n\n\n

Contacto de prensa LAGreen<\/strong>
Nusha Westhoff
Directora de Marketing y Comunicaciones
Tel\u00e9fono: +49 69 271 035 742
Correo electr\u00f3nico: info@lagreen.lu<\/a><\/p>\n\n\n\n

Contacto de prensa Caja Cusco<\/strong>
Leticia Braga
Communications Specialist for Latin America, Climate Bonds Initiative
Phone: +55 61 992487070
Correo leticia.braga@climatebonds.net<\/a><\/p>","protected":false},"excerpt":{"rendered":"Mexico accumulates USD38.3 billion in thematic bonds until 2023","protected":false},"author":13,"featured_media":2504,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[6],"tags":[],"years":[32],"country":[36],"topic":[],"publisher":[],"class_list":["post-2503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","years-32","country-mexico"],"acf":[],"_links":{"self":[{"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/posts\/2503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/comments?post=2503"}],"version-history":[{"count":1,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/posts\/2503\/revisions"}],"predecessor-version":[{"id":2505,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/posts\/2503\/revisions\/2505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/media\/2504"}],"wp:attachment":[{"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/media?parent=2503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/categories?post=2503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/tags?post=2503"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/years?post=2503"},{"taxonomy":"country","embeddable":true,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/country?post=2503"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/topic?post=2503"},{"taxonomy":"publisher","embeddable":true,"href":"https:\/\/lagreen.lu\/es\/wp-json\/wp\/v2\/publisher?post=2503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}