The Letter of Intent aims to engage local community in Central America and the Caribbean region about the urgency to increase sustainable investment

 

San José, Costa Rica, August 16th, 2022. Climate Governance Initiative Central America & Caribbean Chapter (CGI CAC) and Climate Bonds Initiative have established a partnership to promote a high-level discussion within the board community about the urgency and challenges to increase sustainable investment in the region. 

The Letter of Intent, signed on July 5th, covers several engagement activities such as roundtables, seminars and webinars. One of the main themes will be low-carbon Transition and the definition of ambitious and credible pathways for companies to reduce global emissions and meet the goals of the Paris Agreement. 

According to sustainable finance market data from Climate Bonds, the green bond issuance in Latin America and the Caribbean more than doubled from USD13.6bn in September 2019 to USD30.2bn at the end of June 2021.

Ileana Salas, Chair of Climate Governance Initiative Central America & Caribbean:

«We are delighted to join forces with the Climate Bonds Initiative to help support the board member community to take climate action. The Climate Bonds Initiative will join our existing allies, Consortium Legal, ULACIT and Próxima Communicación in supporting  corporate board directors across Central America and the Caribbean to prepare for the energy transition and  a net zero, regenerative economy.»

 

Leisa Souza, Head of Latin America, Climate Bonds Initiative:

«The Climate Governance Initiative – Central American & Caribbean Chapter – is an important ally in Climate Bond’s global mission to mobilise global capital towards low carbon solutions. More specifically in the Central American region, where countries are some of the most affected by the negative impacts of climate change, it is key to drive  change. Our strategic alliance aims to do exactly that.»

Press Contact:

Próxima Comunicación / Jéssica Montero / jessicamontero@proximacomunicacion.com / (506) 6055-5205

Note to the Editors:

About Climate Bonds Initiative: The Climate Bonds Initiative is a non-profit organisation focused on promoting large-scale investment in the low-carbon economy. Visit our website: www.climatebonds.net.

 

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