A group of Brazilian banks and investors signed a statement supporting development of a local green bond market.
They included BTG Pactual, Itaú and Banco do Brasil, the local unit of Santander and UBS, insurance firm Sul America with support from the Brazilian Federation of Banks (Febraban) and the Brazilian Business Council for Sustainable Development (BCSD-Brazil).
“This could be the start of something big and next year will be Brazil's year of green bonds,” said Justine Leigh-Bell, markets development director of the Climate Bonds Initiative (CBI) who was in Sao Paulo for the launch of the statement.
London-based
