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IDB Invest Allocates $3.7 Billion from Sustainable Bonds to Drive Green and Social Impact
The report highlights key metrics demonstrating the environmental and social impact, including reducing carbon emissions, increasing renewable energy, and expanding financing for underserved populations.
"Our projects address the region's pressing challenges while fostering partnerships for innovation, economic growth, and social inclusion," said James Scriven , CEO of IDB Invest. "From environmentally focused efforts like greenhouse gas reduction, wastewater management, and renewable energy, to socially-driven initiatives that provide access to clean water, create jobs, and support MSMEs, we're driving positive change."
An independent review by Sustainalytics confirmed the report meets IDB Invest's Sustainable Debt Framework criteria and reporting commitments.
The report is a cornerstone of IDB Invest's Sustainable Debt Framework, which enables IDB Invest to issue green, social and sustainability bonds aligned with the Green Bond Principles and the Social Bond Principles published by the International Capital Market Association.
IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $21 billion in assets under management and over 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website idbinvest.org .
View original content: https://www.prnewswire.co.uk/news-releases/idb-invest-allocates-3-7-billion-from-sustainable-bonds-to-drive-green-and-social-impact-302307668.html