Bonds are well known financial instruments for corporations to access large sums of finance. ‘Green bonds’ are a variation designed to finance environmentally focused projects. Ultimately, these instruments could channel the billions of dollars needed to reduce deforestation and encourage sustainable land use.
Agrobanco and CEDISA working in partnership with the Global Canopy Programme sign a Memorandum of Understanding to develop a new credit line of up to USD 88 million to finance the sustainable transition of seven supply chains across San Martin, Peru, in order to reduce deforestation and improve livelihoods.
Citi, UBS, ICBC, Banamex, Banorte, Caixa Econômica Federal, Itaú Santander and FIRA are working with the Natural Capital Declaration and the German Government’s Emerging Markets Dialogue on Green Finance to include the economic impact of drought in bank stress testing scenarios