The publication 'Guide to Issuing Green Bonds in Brazil' was awarded by Environmental Finance's Green Bond Awards 2017 as Initiative of the Year. The publication, developed by the Brazilian Business Council for Sustainable Development (CEBDS) and the Brazilian Federation of Banks (Febraban), was launched in October 2016.
The guide aims to guide participants and those interested in the fixed income securities market in Brazil regarding the process of issuing Green Bondsn.
CEBDS President Marina Grossi emphasizes the importance of this topic for the country. "We are pleased with the award and the market's performance. There are very concrete prospects that the resumption of investments in our country will occur with an environmental dimension. The market potential for Green Bonds in Brazil is extraordinarily large, and the guide is one of the actions we have taken to boost this market," Marina emphasized.
Until last year, the only Brazilian company to issue Green Bonds was BRF. Since the publication of the guide and workshops carried out by CEBDS, in partnership with Strategic Alliance, the number of Brazilian emissions more than doubled. Three other companies associated with CEBDS – CPFL Renováveis, Fibria It is Suzano Pulp and Paper – also carried out broadcasts. Another important initiative was the creation of the Sustainable Energy Fund by BNDES, which associates the development of energy infrastructure with Green Bonds.
