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Category: ESG Latin America
Coverage of the “On the Ground at COP30: Insights from Gayle Schueller, Chief Sustainability Officer at 3M” was produced by UN Global Compact Network USA. Belém, Brazil — COP30 –...
• Brazil’s major cities are adopting AI-based traffic and mobility tools that cut fuel use, emissions, and travel time.• Rio de Janeiro’s deployment of Green Light is reducing unnecessary vehicle...
• Pilot introduces a hybrid payment model to fund regenerative agriculture across 7,000 acres in the Cerrado, with plans to reach 30,000 acres.• Co-funded initiative aims to reduce chemical inputs,...
• €300 million green loan will expand and automate Bahia’s power network, serving more than six million people.• The investment aligns with Brazil’s decarbonisation and energy-efficiency goals through 2030 and...
A decisive start in Belém The global climate gathering in Belém, Brazil opened under a rare display of unity as delegates adopted the official agenda on day one and elevated...
• AIIB to fund USD1 billion climate policy loan aligned with Brazil’s Ecological Transformation Plan.• Financing targets sustainable finance reforms, energy transition, and green infrastructure.• Initiative supports Brazil’s carbon market...
• Google’s largest carbon removal deal to date will fund the restoration of Amazon rainforest areas through Brazilian startup Mombak, offsetting 200,000 metric tons of CO₂.• The partnership strengthens demand...
• Amazon deforestation down 11% year-on-year, lowest since 2014, with 5,796 km² cleared.• Lula administration touts a 50% drop in forest loss since taking office in 2023.• Decline positions Brazil...
Brazil’s Energy Sector Embraces Digital Transformation Eneva, one of Brazil’s largest private energy companies, has entered a multi-year partnership with Accenture and Google Cloud to overhaul its operations using cloud...
Latin America’s Data Infrastructure Gets a Green Boost ODATA, a subsidiary of Aligned Data Centers, has secured a $1.02 billion green financing package to build and expand sustainable data center...
Brazil’s national development bank, BNDES, has launched one of its largest public investment initiatives in nearly a decade, committing R$10 billion in variable income through 2025. Of this, R$5 billion...
The International Finance Corporation (IFC) and BTG Pactual have formed a strategic partnership to accelerate sustainability and development initiatives in Brazil and across Latin America. The collaboration, announced this week,...
The Mexican avocado industry has signed a landmark conservation agreement with the federal government, committing to ensure all avocado exports will be deforestation-free by 2030. This makes avocados the first...
CNH, a global leader in equipment, technology, and services for agriculture and construction, has joined the UN Global Compact Brazil Network, reinforcing its commitment to sustainable development in the sector....
• BRB Finance Coalition reaches 26% of its $10B target ahead of COP30• $2.6B committed to forest restoration and nature-based development• New study maps Indigenous and local projects with high...
Unblock, a Latin America-based energy infrastructure startup, has raised $13.5 million in funding to scale its operations that transform wasted energy into computing power. The round was led by Goldcrest...
Itaú Chile Launches Sustainable Finance Framework Backed by “Strong” S&P Global Rating Banco Itaú Chile has announced the release of its inaugural Sustainable Finance Framework, designed to steer the bank’s...
CAF – Development Bank of Latin America and the Caribbean – has approved a record $5.2 billion in funding for 16 sustainable development operations across 10 countries, marking its largest...
Envision, a global green tech leader, has partnered with the Brazilian government to accelerate the country’s green energy transition through the development of Latin America’s first Net-Zero Industrial Park. The...
Brazil is launching a landmark auction aimed at raising up to $2 billion in financing for sustainable land restoration, as part of its Eco Invest Brazil program. The initiative will...
Biomas, a Brazilian reforestation company backed by Vale, Marfrig, Suzano, Santander Brasil, Itaú, and Rabobank, has launched its first major project: restoring 1,200 hectares of the Atlantic rainforest in Bahia...
The Inter-American Development Bank (IDB), IDB Invest, and the IFRS Foundation have launched a strategic partnership to promote the adoption and implementation of the IFRS Sustainability Disclosure Standards throughout Latin...
Repsol has officially started electricity production at Antofagasta Phase 1, the company’s largest wind project to date and one of Chile’s biggest renewable installations. The 364 MW facility is located...
Cargill is expanding its footprint in Brazil’s renewable energy sector by acquiring the remaining 50% stake in SJC Bioenergia. The move gives Cargill full control of the sugar-energy company, reinforcing...
Santiago ranks 126th in global traffic congestion, with commuters spending over 23 minutes at traffic lights on a typical 10-kilometer trip, according to the TomTom Traffic Index 2024. This stop-and-go...
The Story: Ecuador has introduced a $1 billion bond as part of a debt-for-nature swap aimed at funding conservation efforts in the Amazon rainforest. This move builds on the success...
The Inter-American Development Bank (IDB) and its private sector arm, IDB Invest, are accelerating their climate and environmental sustainability efforts across Latin America and the Caribbean. By 2030, they plan...
Trafigura Group Pte Ltd, a global leader in commodities, and GenZero, a decarbonization-focused investment platform owned by Temasek, have committed over $100 million USD to expand the Brújula Verde landscape...
The Brazilian government, led by President Luiz Inacio Lula da Silva, reported a significant milestone in forest conservation: the smallest annual deforestation rate in the Amazon in nearly a decade....
A recent report from RSM International highlights the challenges and opportunities faced by 200 Latin American businesses in adopting International Financial Reporting Standards (IFRS) S1 and S2 for sustainability. The...
Dow and Ambipar have joined forces to expand plastic materials recycling in Brazil. The partnership will drive polyethylene recycling from 2,000 tons to 60,000 tons per year by 2030, positioning...
Key Impact Points: Why it matters: Preserving the Amazon rainforest is critical to combating global warming, and carbon credits are a key part of the strategy. However, a lack of...
Key Impact Points: Global Collaboration for Urban Climate Leadership Bloomberg Philanthropies announced its partnership with the Urban20 (U20) to support the upcoming U20 Summit in Rio de Janeiro, November 14-17,...
Key Impact Points: Petrobras is investing R$ 90 million to build its first pilot plant for renewable hydrogen production. Slated to begin operations by early 2026, the plant will be...
Key Impact Points: Colombia has launched a $40 billion investment portfolio aimed at catalyzing its transition from fossil fuels and adapting to climate change impacts, confirmed by an environment ministry...
Brazil is stepping up its commitment to sustainable aviation fuel (SAF) production with a substantial $1.1 billion financing initiative. The country’s development bank, BNDES, and government funding agency, Finep, are...
Brazil has endorsed the UAE Declaration of Leaders on a Global Climate Finance Framework at a G20-COP28 event, strengthening its commitment to sustainable finance. This move, announced by Finance Minister...
Brazil’s Treasury and Securities and Exchange Commission (CVM) are set to launch an innovative investment fund consortium aimed at early-stage sustainable ventures. This new vehicle will function similarly to private...
BBVA will issue a total amount of $50 million and the resources will be used to finance projects focusing on reforestation, the regeneration of natural forests on degraded land, mangrove...
re.green has finalized its largest carbon removal (CDR) project to date. re.green will deliver approximately 3 million tons of carbon removal credits over a 15-year period through the restoration of...
One of the copper company’s sustainability goals is to be able to supply all of its operations only from renewable energy sources by the end of the decade, to contribute...
New report exposes illegal Amazon deforestation as Peru approves scandalous ‘amnesty’ law forgiving past forest crimes A new report by the Environmental Investigation Agency (EIA), Carving Up the Amazon, exposes how...
The Amazon Fund, the world’s largest initiative to combat deforestation and forest degradation (REDD+), achieved a historic milestone in 2023 with approvals for projects and public calls totaling R$1.3 billion....
An initiative of WBCSD’s Global Network partner in Brazil, CEBDS, in partnership with Report Group, seeks to increase the effectiveness of reports. Aspects such as ease of access to information,...
Rio de Janeiro is gearing up to combat rising temperatures with an innovative reforestation plan that uses state-of-the-art seed-dispersing drones. Beginning in January 2024, this initiative aims to showcase MORFO’s complete,...
This is the first agribusiness deal where one of the signatories refers its own suppliers to the bank as candidate borrowers. BBVA Mexico and Nestlé are expanding their “Crediproveedores” agreement to extend credit...
Volvo Trucks has delivered eight heavy electric trucks to customers in Brazil, Chile and Uruguay. These orders represent Volvo’s first sales of zero-exhaust emission trucks to Latin America. Volvo Trucks is continuing to enter new...
WWF and Inter IKEA have extended their 20-year collaboration to include new projects in Colombia and Brazil. These projects aim to safeguard biodiversity and landscapes while also empowering local communities...
Tech giant inks deal to buy 1.5 million carbon removal credits from Mombak, aiming to become carbon negative by 2030. Tech giant inks a deal to purchase 1.5 million carbon...
With vast resources and strong clean energy credentials, the region has significant potential to drive change at home and abroad, according to the IEA’s first ever in-depth outlook At a...
BlackRock’s Climate Finance Partnership (CFP) has made its first investment in Latin America, acquiring a minority stake in Brasol, a Brazilian renewable energy firm. “We’re really excited to get a...
SGP BioEnergy (“SGP”) announces a $250 million equity commitment from Global Emerging Markets (GEM), a European private alternative investment group, to support the development of the Golden City Biorefinery in...
The agreement between Hochschild Mining and BBVA is a ‘Club Deal’ facility totaling $200 million in favor of the mining companies Ares and Amarillo Mineraçao do Brasil. The sustainable operation...
The Global Green Bond Initiative (GGBI) and the Inter-American Development Bank (IDB) have partnered to support the development of green bond markets in Latin America and the Caribbean (LAC). The...
Ecuador’s top court has suspended a decree that would have allowed environmental consultations prior to the licensing of industrial and mining projects. This has paralyzed investments worth $2 billion, according...
Although the most recent Gender Equality Report presented at the World Economic Forum recorded that Colombia has closed the gender equality gap by 75.1 percent, it is still a challenge to reach...
Brazil will require an estimated $200 billion (BRL 1 trillion) investment to reach its 2030 climate goals, according to a new study released by the World Economic Forum. That’s over...
The World Bank Board of Directors approved two new projects for Argentina. The first focuses on increasing access to financing for micro, small and medium enterprises (MSMEs) so that they...
Through partnership with Brazilian environmental nonprofit Apremavi, Company reaffirms commitment to making a positive impact on the world The Vita Coco Company, Inc. (NASDAQ: COCO) announced the expansion of its social impact...
Leading All-Inclusive Resort Chain Underscores Sustainability Efforts While Achieving Green Initiative Certification With over two decades implementing wide-ranging green initiatives, Viva Resorts by Wyndham, announces it has achieved Wyndham Green program certification as...
Global private equity firm GEF Capital Partners announced that it has raised R$1.05 billion (USD$214 million) at the final close of its Brazil-focused climate solutions-focused fund, the GEF LatAm Climate...
This is the third financing signed between Neoenergia and MUFG, after two agreements in partnership with the Japan International Cooperation Agency Iberdrola, through its Brazilian subsidiary Neoenergia, and Mitsubishi UFJ Financial...
Funding is Part of a $1 Billion Effort to Deploy Solar and Battery Storage to Puerto Rico’s Most Vulnerable Residents, Helping Increase Resilience and Lower Energy Bills for up to...
The EU and Uruguay have decided to step up their cooperation in pursuing the clean energy transition. At the EU-CELAC Summit in Brussels, Commissioner for Energy Kadri Simson and Uruguay’s Minister for...
AXA IM Alts, a global leader in alternative investments with over €185 billion of assets under management, announces a USD $49 million commitment, on behalf of its AXA IM Alts’...
During the EU-CELAC Summit of Heads of State and Government, the European Investment Bank (EIB) announced the signature of its first ever residential mortgage-based loan to finance access to energy efficient...
The European Investment Bank (EIB), the world’s largest multilateral public bank, and Banco Santander (Brasil), the largest foreign bank in Brazil, have signed an agreement to foster the use of...
During the European Union-Community of Latin American and Caribbean States (CELAC) Summit of Heads of State and Government, the European Investment Bank (EIB) will announce the signature of several loans to...
Selected Hispanic-owned companies will participate in a six-month business mentoring program and receive a $20,000 grant to accelerate business growth and transform product offerings; One finalist to receive $100,000 at the end of the...
The governing board of the Climate Investment Funds (CIF) endorsed a $70 million plan to support grid flexibility for clean energy integration in Brazil. The concessional finance from CIF’s Renewable...
The Bezos Earth Fund announced it has awarded $50 million in grants to support conservation and sustainable development in the Amazon. The announcement was made during a convening with leaders...
The World Bank Board of Directors approved a US$150 million loan to promote investment in green hydrogen projects in Chile, accelerating the country’s green growth, energy transition and supporting its...
The International Finance Corporation (IFC), a member of the World Bank Group, announced the signing of a green and sustainability-linked loan to ENGIE Energía Chile. This financing, for a total...
The lab to offer hands-on and virtual learning for Starbucks partners, students, researchers and industry leaders to innovate and scale solutions for some of the world’s most challenging social and...
BBVA and IFC, a member of the World Bank Group, announced the launch of Colombia’s first blue bond at the 2023 Banking Convention in Cartagena. The first tranche is for $50...
Chile and the European Union will sign a MOU soon to develop value-added lithium projects in Chile, Ursula von der Leyen, president of the European Commission, said on Wednesday. Speaking...
Uruguay’s state oil company Ancap announced on Thursday a feasibility study for a new $4 billion green hydrogen project, part of a broader government plan to produce low-cost renewable energy....
The Inter-American Development Bank (IDB) has approved a loan to support the development of the green hydrogen industry and its derivatives in Chile. This operation seeks to help decarbonize the...
Agreement is part of a transformative model convening governments, global development banks and other multilateral agencies to use results-based financing to improve the lives of women Organon, a global healthcare company...
The World Bank approved a US$400 million loan to support the Dominican Republic Government’s measures to broaden transparency, accountability, and efficiency in the energy sector, increase access to reliable and...
Britain on Tuesday announced new funding for a landmark scientific experiment deep in Brazil’s Amazon rainforest that will measure the impact of rising carbon dioxide levels on trees, the British...
The alliance between Citi and Compartamos Financiera consists of a US$ 20MM Medium Term Loan – 65% of the funds will be used to finance loans to women entrepreneurs. As...
Landmark transaction will conserve one of the planet’s most valuable ecosystems Climate Fund Managers (CFM), the leading climate-centric investment firm, announced the financial close of a new debt-for-climate conversion via...
Brazil can become a global clean energy power and save the Amazon Brazil is in a strong position to give its people a better life while also successfully confronting the...
Aegea’s concessionaire Águas do Rio was recognized for its actions aimed at expanding water and sewage coverage, environmental recovery and creation of jobs in Rio de Janeiro. Aegea, Brazil’s leading private sector sanitation...
Barclays has told beef sector clients they must prevent deforestation in their South American supply chains, in a policy document seen by Reuters that toughens the bank’s stance but stops short...
The World Bank’s Board of Executive Directors approved a $150 million Development Policy Loan (DPL) for Panama, which will contribute to fostering low emission and sustainable growth while supporting enhanced...
Atlas repeats partnership with Albras, the largest aluminum producer in Brazil, with unprecedented 21-year US dollar power purchase agreement Atlas Renewable Energy, a global leader in renewable energy, just signed a...
The Bezos Earth Fund has committed $3 billion by 2030 to drive a three-fold nature agenda to conserve what we still have, restore what’s been lost, and transform our food...
Sphera, a leading global provider of environmental, social and governance (ESG) performance and risk management software, data and consulting services, and ERM, the world’s largest pure play sustainability consultancy, have...
The OPEC Fund for International Development is providing a US$100 million sovereign policy-based loan to Paraguay to strengthen the country’s sustainable economic development and increase its resilience to climate change....
With this transaction, the company continues to be the main private generator of renewable energy in Mexico, aligning with its decarbonization commitments Iberdrola Mexico and Mexico Infrastructure Partners (MIP) have...
Agencia EFE and the World Bank have agreed to a partnership to boost coverage of climate change, inclusion and education in Latin America and the Caribbean. The agreement aims to...
IDB Invest and Banco de Bogotá announce the upcoming issuance of the first sustainable, subordinated bond issued in the international market by Banco de Bogotá. The $230 million bond will...
Brazil’s government on Friday announced the appointment of former Foreign Relations Minister Luiz Alberto Figueiredo as extraordinary ambassador for climate change. His nomination comes as the country’s new government pledges...
First-of-its-kind purchase helps scale new, high-impact projects in Brazil, India, sub-Saharan Africa, and Southeast Asia that advance a just and inclusive energy transition Eight-year contract enables Salesforce to maintain its...
Sumitomo Corp and Chile power supplier Colbun have agreed to collaborate in production of green hydrogen and ammonia, the Japanese company said on Friday. The memorandum of understanding focuses on green...
The governing board of the Climate Investment Funds (CIF) endorsed a wide-ranging investment plan to fast-track the transformation of Colombia’s energy system and help enable its grid system to absorb...
Germany on Monday pledged 200 million euros ($217 million) to help Brazil defend the Amazon rainforest, a global ecosystem devastated during years of rule under former Brazilian President Jair Bolsonaro....
The Iberdrola group plans to install in Brazil, through its subsidiary Neoenergia, the company’s first floating photovoltaic plant in the world. The project will be built on the water surface...
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