With the aim of increasing practical knowledge about Green Bonds as financial and investment instruments, the Brazilian Business Council for Sustainable Development (CEBDS) and the Strategic Alliance, composed of, the German Agency for International Cooperation (GIZ) and the Bank Skandinaviska Enskilda (SEB), held the second round of workshops this Tuesday (4) and Wednesday (5), this time focusing on the final stages of the process of issuing a title: monitoring, reporting and market aspects.
The coordinator of the CEBDS Sustainable Finance Thematic Chamber, Laura Albuquerque, highlighted that the workshops are the result of a strategy initiated last year to boost the development of the Green Bonds market in the country. “In 2016, we created a council with the Climate Bonds Initiative (CBI) to, among other objectives, leverage this market; we launched a guide for issuing Green Bonds with Febraban to disseminate this idea among our associated companies; and we held the first workshop on the topic with the Strategic Alliance. Since 2015, four companies have issued bonds in this modality – Fibria, Suzano, BRF and CPFL Renováveis – and BNDES created a fund that was a very important milestone for this market”, she explained.
Held at Itaú in São Paulo, the workshop was attended by around 110 representatives from companies, consulting firms, the financial market and the public sector. The lectures were given by experts from leading institutions in Green Bonds in Brazil and around the world, such as the Brazilian Federation of Banks (Febraban), the National Bank for Economic and Social Development (BNDES), the Center for Sustainability Studies at FGV (GVces), the Climate Bonds Initiative, GIZ and SEB.
CEBDS broadcast four lectures live on Facebook. Check them out below.
Climate finance
In her opening lecture, GVces Sustainable Finance Coordinator Annelise Vendramini stated that the issuance of Green Bonds worldwide totaled US$1.4 billion in 2016 alone. “What is striking is the constant growth of Green Bonds since 2007, and they have been gaining more and more space,” she highlighted. She also highlighted the need to decarbonize the economy through a decoupling, that is, to dissociate GDP growth from the growth of greenhouse gas emissions. Check it out in full.
Guide to issuing Green Bonds
Febraban's Institutional Relations advisor, Beatriz Stuart Secaf, presented the Guide for Issuing Green Bonds, prepared by CEBDS in partnership with the federation. See how it was.
Market outlook in the world and in Brazil
The representative of the CBI's Brazilian Program, Thatyanne Gasparotto, also highlighted that the Green Bond market “exploded”, highlighted that the forecast for this year is that issuances will reach US$130 billion and that there will be increasingly more diversity in the profile of issuers.
Next, the head of the Capital Markets Promotion Department at BNDES, André Mendes, presented the Sustainable Energy Fund, created by the bank to, among other reasons, associate a priority sector for development in the country – infrastructure – with the sustainability agenda – of Green Bonds. “The association between green bonds and infrastructure came from participation in a meeting of the Brazilian Council for Sustainable Market Development, an initiative of CEBDS and the Climate Bonds Initiative”, he explained. Watch Gasparotto and Mendes' lectures.
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Presentations:
- Financing Climatic – Annelise Vendramini – GVces
- The Strategic Alliance: Objectives & Approach – Christiane Majawki – GIZ
- Development of the Green Bond Market in Brazil and Guide to Issuing Green Bonds in Brazil – Beatriz Stuart Secaf – FEBRABAN
- Latest developments in the green bond market; Workshop I recap: Definition, selection and verification; What the Green Bond Principles?; Long-term practical experiences of an international issuer – challenges and solutions – Mats Olausson – SEB
- Practical Experiences of a National Broadcaster – Challenges and Solutions – Guilherme Hirata – Suzano Pulp and Paper
- External Assessments and Reports of National Green Bonds – Gustavo Pimentel – Sitawi
- Debt Securities and Climate Change – Thayanne Gasparotto – Climate Bonds Initiative
- Sustainable Energy Fund – Andre Mendes – BNDES
- Pricing, Financing Term and Market Access – Mats Olausson – SEB
- Criteria for listing Green Bond issuances in Brazil – We are B3 Video– Renato Issatugo – [B]³
