Impact Report 2024
It’s more than a mindset.
It’s about taking action.
Short text below the video to accompany the content of the video. A quote, something that hooks the interest of the viewer. Latin America continues to grow rapidly, but this is putting sever pressure on the region's natural resources.
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Our impact so far
Portfolio and financial indicators1
Impact indicators3,4
Breakdown
Use of proceeds (“UoP”)3
Funding per share class1
Green Use of Proceeds distribution by categories (82.5%)
- Data from outstanding portfolio as at 31 Dec 2023.
- Total funding mobilized in bonds in which LAGreen invested, provided advice and/or built capacity.
- Data from reported portfolio as at 31 Dec 2023.
- Given the thematic focus of each bond, impact metrics are aggregated from bonds which have allocations to the sectors – commonly one to three bonds — rather than the entire cohort of bonds that have reported.
- Cumulative figures since the fund’s inception.
All currency data is in USD
As a bond investor, the fund relies primarily on reporting made public by the issuers for attaining impact data. Impact KPIs are assessed and aggregated across the fund’s portfolio and displayed cumulatively since inception. Our in-house team of impact experts critically reviews the information made available by the issuers, before the data is applied to calculate the impact KPIs.
To consistently support the quality of impact reporting by issuers, and ensure solid data for the fund’s own assessments and reporting, LAGreen continuously offers programs to enhance issuers capacity to prepare impact reports and to develop methodologies in line with industry standards and scientific evidence to estimate impact.
Bond snapshots
Banco de Bogotá
Type: Sustainable Subordinated Bond
Total issuance: USD 230mio
Maturity: 10 years, March 2033
- 1st subordinated thematic bond issued by a bank in Colombia under Basel III to strengthen its capital base
- Second Party Opinion by S&P Global
- Over 10 target impact sectors including renewables and energy efficiency
Banco Internacional
Type: Blue Bond
Total issuance: USD 79mio
Maturity: 5 years, November 2026
- 1st blue bond by a financial institution in Latin America
- Bond won an award for innovation at the Environmental Finance Bond Awards 2023
- Second Party Opinion by Sustainalytics
- 4 target impact sectors including sustainable aquaculture and fisheries
Investing across Latin America
How we manage impact
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Through investing in green bonds in Latin America, we channel financing towards sustainable local projects in support of environmental and societal benefits.
These bonds can support a variety of sustainable projects, contributing to a wide range of Sustainable Development Goals (“SDGs”).
For the LAGreen SDGs we have mapped our impact KPIs against specific SDG sub-targets under the ICMA High-Level Mapping to the Sustainable Development Goals.2
2 https://www.icmagroup.org/assets/documents/Sustainable-finance/2023-updates/Green-Social-and-Sustainability-Bonds-A-High-Level-Mapping-to-the-Sustainable-Development-Goals-June-2023-220623.pdf
Forging new paths
Pioneers enact change.
They prove what is possible and inspire others to join.
Finance in Motion appointed as the advisor to LAGreen, the first article 9 green bond fund dedicated to Latin America
- Partner: LAGreen
- Region: Latin America
Shareholders
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