The National Securities Commission (CNV) of Argentina approved a Green Bond Evaluation Methodology published by the National University of Tres de Febrero (UNTREF), Risk Rating Agent.
The objective of the methodology is to assess that bond issuances are directed to the financing of Green Projects (GP), which are eligible as Green Bonds (BV) according to the project categories contained in the Green Bond Principles (defined by the International Capital Market Association) and to validate their positive environmental impact. Investors can therefore verify that the funds are intended to finance initiatives with a positive environmental impact, according to the levels or scales defined in the methodology for the instruments issued.
The development of sustainable finance makes it possible to finance projects with environmental benefits, becoming a fundamental axis for the development of the capital market with solid foundations in sustainability.
In October 2020, the CNV had already approved a similar methodology developed by UNTREF but applicable to social bonds.
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