By Gabriela Guimaraes
At the end of June 2020, SITAWI launched a public link to the first complete database of thematic bonds in Brazil. The term includes green, social, sustainable and transition bonds, i.e., debts obtained for assets that have different types of socio-environmental externalities.
The database includes all the sustainable credit operations in the country, covering not only bonds certified by the Climate Bonds Initiative (CBI), but also other mechanisms and themes. From this database, it is possible to observe an authentic and updated description of the evolution of the operations over the years.
“SITAWI has a privileged position in the thematic bond market, having participated in over 90% of the Brazilian operations in the domestic market and 70% if we count the international market. The international databases have difficulties in obtaining the Brazilian domestic operations, so we have chosen to offer this alternative to the market,” explained Gustavo Pimentel, executive director of SITAWI.
With the tool, the intention is to contribute to the many diverse actors in the system, including issuers, structurers, distributors, investors and academics, among others.
SITAWI operates the largest practice of sustainable finance in Latin America, with 30 professionals. It is a pioneer in the market of green and thematic bonds, providing external evaluation (second opinion) for issues that have already obtained over R$ 6 billion for green projects and assets. Some examples of recent issues that have received a second opinion from SITAWI were Neoenergia , which is the largest in the national market with R$ 1.3 billion, and BV , formerly Banco Votorantim, which is the first issue by a Brazilian private bank.
The market of green bonds in Brazil continues to grow. Even with the crisis, a comparison between the quantity of issues in 2019 and in 2020 reveals an upward curve. For the second half of 2020, the trend is for accelerated growth.
The spreadsheet, available to everybody, can be accessed here .
This text was originally published on the website of Sitawi Finance for Good on June 30, 2020.