IDB Invest renews Argentina’s Sustainable Financing Protocol
Argentina’s Sustainable Finance Protocol, originally launched in 2019, has announced its extension for another five years. The announcement was made at IDB and IDB Invest’s offices in Buenos Aires, in its role as strategic partner.
The Protocol, adopted by 37 financial entities that account for 94% share of the loan market in Argentina, aims to promote sustainable finance in the country and reinforce the incorporation of environmental, social and governance criteria in the financial strategy.
Some of the main achievements obtained in the first years of the Protocol include supporting the creation of sustainability policies, assessment of environmental and social risks, promoting climate change and reforestation initiatives, as well as advancing gender and disability agenda in the country.