Itaú Chile's Sustainable Finance Framework Elevates Standards

Itaú Chile Unveils Its Groundbreaking Sustainable Finance Framework

Today, Itaú Chile proudly announced the introduction of its very first Sustainable Finance Framework, marking a significant step in its commitment to sustainable financing. The BANCO ITAÚ CHILE (SSE by nuam: ITAUCL) has established a robust platform for issuing green, social, and sustainability-linked financial instruments that align with internationally recognized standards.

Strong Endorsement from S&P Global Ratings

In a noteworthy assessment, S&P Global Ratings provided a Second Party Opinion (SPO) that highlights the Framework's strong alignment with global standards. It earned a rating of “Strong” due to its adherence to several key principles, including:

Key Principles of the Framework

• ICMA Green Bond Principles (2021)
• ICMA Social Bond Principles (2023)
• ICMA Sustainability Bond Guidelines (2021)
• LMA / APLMA Green & Social Loan Principles (2023)

Committing to Sustainability

Claudia Labbé, the Chief Sustainability Officer and Head of Corporate Affairs at Itaú Chile, emphasized the transformative potential of this Framework. She stated, “With this Framework, we place sustainability at the core of our financing strategy, enabling investors to directly support the country’s energy transition and social inclusion efforts.”

This strategic initiative illustrates Itaú Chile’s steadfast dedication to sustainability, fully integrating it into the bank's overarching business strategy. The Framework is not just a regulatory requirement but a reflection of the bank’s core values.

Contributing to a Low-Emission Economy

Through various initiatives, including sustainable finance mechanisms, comprehensive carbon footprint measurement, and financial inclusion programs, Itaú Chile is geared toward promoting a resilient and inclusive low-emission economy. The bank is confident that finance can play a pivotal role in driving sustainable development for the benefit of society.

Accessing the Sustainable Finance Framework

For those interested in reviewing the full Sustainable Finance Framework, it is available for download. This will provide detailed insights into the framework's objectives and operational guidelines.

Understanding the Second Party Opinion

The Second Party Opinion (SPO) by S&P Global Ratings is equally significant. This document evaluates the Framework's credibility and its commitment to sustainable development goals. Stakeholders and interested parties can find this opinion readily accessible, further solidifying Itaú Chile's transparency in its financial operations.

Contact Information for Investors

For additional inquiries and further information, investors can reach out to the Itaú Chile Investor Relations team, who are ready to assist with any questions or feedback regarding the Framework or related initiatives.

Frequently Asked Questions

What is the Sustainable Finance Framework launched by Itaú Chile?

The Sustainable Finance Framework is a comprehensive platform for issuing green, social, and sustainability-linked financial instruments.

How was the Framework assessed by S&P Global Ratings?

S&P Global Ratings issued a Second Party Opinion, rating the Framework's alignment with global standards as strong.

Who can benefit from this Framework?

Investors looking to support sustainability initiatives in Chile can benefit by participating in the green and social financial instruments offered.

What are the key principles guiding the Framework?

The Framework is guided by principles from organizations like ICMA and LMA, ensuring its alignment with international best practices.

How does Itaú Chile contribute to sustainability?

Itaú Chile contributes through sustainable financing, carbon footprint measurement, and supporting financial inclusion programs to foster a greener economy.

About The Author

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