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Bci: first Chilean bank to join IDB’s green bond platform
07/28/2022 Since 1 year

Globally, investor interest in more sustainable investment instruments has been growing in recent years. In fact, it is estimated that by 2035 the global green bond market will move in a range of between US$ 4.7 trillion and US$ 5.6 trillion of bonds.

With this enormous potential in mind, the Inter-American Development Bank (IDB) has developed the Green Bond Transparency Platform (GBTP), a network that helps to encourage investment in this type of instrument.

And in line with its purpose of promoting initiatives that have a positive impact on society through actions that generate economic, social and environmental repercussions, Bci Bank became the first Chilean financial institution to be part of this bond network and to publish its green placements on the IDB platform.

The initiative promotes transparency in the green bond market in Latin America and the Caribbean, and its main objective is to support the harmonisation and standardisation of issuance reporting.

Bci Bank, a pioneer in sustainable finance, adds to its incorporation in the IDB’s Green Bond Transparency Platform, its recent integration in the Nasdaq Sustainable Bond Network (NSBN), a milestone that took place a couple of weeks ago.