The study ‘Guidelines for Issuing Green Bonds in Brazil‘ was awarded by the Green Bond Awards 2017 of Environmental Finance as Initiative of the Year. The publication, developed by the Brazilian Business Council for Sustainable Development (in Portuguese CEBDS) and the Brazilian Federation of Banks (in Portuguese Febraban), was launched in October 2016.
This guideline aims to guide participants and stakeholders of the fixed income market in Brazil about how to issue a Green Bond.
The president of CEBDS, Marina Grossi emphasizes the importance of the theme for the country. “We are very happy with the award and how the market is responding. There are very concrete perspectives that they return of investment in our country will happen when incorporating the environmental agenda. The market potential of Green Bonds in Brazil is extraordinarily large and the guideline is one of the actions that we are involved to scale up this market”.
Until the beginning of 2016, the only Brazilian company to have issued a Green Bond was BRF. Since this guideline was launched and the workshops were carried out by CEBDS, in partnership with a Strategic Alliance, the amount of Brazilian companies to have issued more than doubled. Other members companies of CEBDS – CPFL Renováveis, Fibria and Suzano Papel e Celulose – also have issued. Another major initiative was the establishment of the Sustainable Energy Fund by The Brazilian Development Bank (in Portuguese BNDES), which combine the development of energy infrastructure with Green Bonds.