Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Banco Votorantim

Banco Votorantim is one of the largest private banks in Brazil. Their first green bond will finance their future lending to companies in Brazil, which are developing solar and wind energy generation.

This is the first bank in Latin America / South America to issue a Certified Climate Bond.

 

DATE OF ISSUE

TENOR TYPE OF INSTRUMENT

SIZE

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
March 2020 4 years Use of proceeds bond BRL 250 million (USD 49 million) Brazil

Solar

pre issuance verification

 

press release (in Portuguese)