Brazil’s BTG Pactual joins Nasdaq Sustainable Bond Network

In 2019, the bank offset 100% of the carbon emissions caused by its global operations, including travel and journeys for work

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Brazilian financial company BTG Pactual has joined the Nasdaq Sustainable Bond Network (NSBN), the US stock exchange’s database of information on the main issuances of sustainable bonds globally.

The bank registered its raising of $500 million (£355m) in green bonds from January this year – alongside two other minor issuances in 2020 – and became the first financial institution from Latin America to join the list.

In 2019, BTG Pactual offset 100% of the carbon emissions caused by its global operations, including travel and journeys for work.

The idea behind Nasdaq’s initiative is to improve transparency for the sustainable bonds market by creating a database so investors can monitor issuances made around the world, tracing information on value, projects supported and the framework of the issuing institution.

The Sustainable Bond Network, created in 2020, has data on more than 300 issuers from more than 20 countries.

BTG Pactual CEO Roberto Sallouti said: “Our green issuances are the recognition of our sustainable and impact investing agenda. At BTG Pactual, we are committed to helping our clients build their success while adhering to ESG values. Joining the Nasdaq Sustainable Bond Network is an important acknowledgement of such engagement.”