Post by account_disabled on Mar 8, 2024 22:45:36 GMT -8
Have you heard about social bonds? Probably, but what is a fact is that you have heard about the complex situation that a large number of women in Mexico face every day. For years, women have gone out to work in different sectors, and such has been their impetus and need, that according to the National Institute of Statistics and Geography (Inegi) in May 2020, they used to represent 61.1% in the Employment Rates. Economic Participation, while men only represented 35.3%. However, the pandemic has lowered the proportion of women in the Economically Active Population (EAP) to 38.9% compared to 72.8% of men, according to the latest National Occupation and Employment Survey (ENOE). Given such a critical outlook, social bonds are a favorable option, but… what are they and how do they contribute? What are social bonds? These are defined as financial instruments whose resources are allocated to projects that improve the social environment, and respond to a demand for sustainable economic growth and development.
The purpose of social bonds is to fully or partially finance or refinance newly created or existing projects that generate positive social results. They are governed by Social Bond Principles (SBP), which recommend transparency and dissemination of information, and promote integrity in the development of this market. In accordance with these principles, social projects must be financed , that is, projects whose direct objective is either to solve or mitigate a certain social problem, or to achieve positive results for certain population groups. Taking this into account, BBVA decided to bet 3 billion pesos on women and place the USA Phone Number first gender social bonus in Mexico. BBVA's bet Following the BBVA Group's purpose of making all the opportunities of this new era available to everyone, BBVA recently announced its participation as an intermediary to place in the issuance of the first social gender bond in Mexico, which aims to promote the economic autonomy of Mexican women.
The amount allocated was 3 billion pesos, and the bank accompanied Trusts Instituted in Relation to Agriculture (FIRA) through the Special Fund for Agricultural Financing (FEFA) of the Government of Mexico in an operation with “an excess demand of 3.8 times and a diversified investor base.” What is relevant about the gender social bonus is its destination, since the resources will be used to finance new or existing portfolios for loans to companies that at the same time finance groups of producers that “must be made up exclusively of women.” It should be noted that in 2018, BBVA announced its climate change and sustainable development strategy to contribute to the achievement of the United Nations Sustainable Development Goals and aligned with the Paris Climate Agreement. Commitment 2025 In its Commitment 2025 , BBVA stated that it would help the Bank align its activity with the global warming scenario of no more than 2ºC and achieve a balance between sustainable energy and investments in fossil fuels.
The purpose of social bonds is to fully or partially finance or refinance newly created or existing projects that generate positive social results. They are governed by Social Bond Principles (SBP), which recommend transparency and dissemination of information, and promote integrity in the development of this market. In accordance with these principles, social projects must be financed , that is, projects whose direct objective is either to solve or mitigate a certain social problem, or to achieve positive results for certain population groups. Taking this into account, BBVA decided to bet 3 billion pesos on women and place the USA Phone Number first gender social bonus in Mexico. BBVA's bet Following the BBVA Group's purpose of making all the opportunities of this new era available to everyone, BBVA recently announced its participation as an intermediary to place in the issuance of the first social gender bond in Mexico, which aims to promote the economic autonomy of Mexican women.
The amount allocated was 3 billion pesos, and the bank accompanied Trusts Instituted in Relation to Agriculture (FIRA) through the Special Fund for Agricultural Financing (FEFA) of the Government of Mexico in an operation with “an excess demand of 3.8 times and a diversified investor base.” What is relevant about the gender social bonus is its destination, since the resources will be used to finance new or existing portfolios for loans to companies that at the same time finance groups of producers that “must be made up exclusively of women.” It should be noted that in 2018, BBVA announced its climate change and sustainable development strategy to contribute to the achievement of the United Nations Sustainable Development Goals and aligned with the Paris Climate Agreement. Commitment 2025 In its Commitment 2025 , BBVA stated that it would help the Bank align its activity with the global warming scenario of no more than 2ºC and achieve a balance between sustainable energy and investments in fossil fuels.