Expert XP - 10/05/2023
By Writing Team
Posted in October 5, 2023
“More than a third of the assets managed by institutional investors worldwide are committed to sustainability, according to the Global Sustainable Investment Alliance (GSIA). In 2020, there were $35.3 trillion (R$176 trillion) invested in companies or securities aligned with the ESG agenda. The figure is 55% higher than that of 2016 and includes debt securities of Brazilian companies also committed to sustainability and, consequently, biodiversity. According to Nint, at least R$238 billion has been raised by Brazilian companies since 2015 through ESG bonds, in 338 operations – 95% of them with some environmental purpose. ‘There are companies that raised funds for reforestation. Some invested in renewable energy to reduce carbon emissions,’ says Guilherme Teixeira, partner and director of the consultancy. He sees these bonds as the most efficient market instrument for preservation. Ambipar, an environmental services company specializing in waste treatment and reforestation, raised R$1 billion in sustainable bonds in 2022 to expand its activities. ‘There was good attractiveness. We obtained a longer payment term [for the debentures] than the average,’ says Thiago da Costa Silva, financial director and investor relations of the group. Marcella Ungaretti, responsible for ESG in the research area at XP, confirms the growing demand for sustainable debt securities. These issuances fell in 2022 due to external market factors, but the expectation, she says, is for a rebound. By 2035, according to the Inter-American Development Bank (IDB), sustainable bonds are expected to reach $5.6 trillion (R$29 trillion).”
Source: Valor Econômico, 10/04/2023
