Banco Promerica has released its first allocation and impact report for its Sustainable Bond, detailing the use of $50 million raised in 2024. The bank states that these funds have been directed toward social and environmental financing programs, creating new opportunities for high-potential development sectors in Guatemala.
According to Banco Promerica, this initial report underscores its commitment to responsible local management and a regional vision of sustainability. The bank notes that through the Sustainable Bond issuance, it channels initiatives with real impact on vulnerable communities, supports energy transition efforts, and promotes financial inclusion. It is the first report of its kind for a thematic banking bond issued on the Guatemalan Stock Exchange.
The bank describes thematic bonds such as the Sustainable Bond as innovative financial tools used to fund projects with positive social and environmental effects. "The main objective of this initiative has been to promote the sustainable development of the country and foster Environmental, Social, and Governance (ESG) initiatives within financed activities by integrating these principles into its financial strategy," reads part of Banco Promerica’s statement. "In addition, it is important to highlight that the Bank's sustainability strategy aligns with the United Nations Sustainable Development Goals."
Funds from the bond were allocated to both social and environmental categories. On the social side, credits supported micro, small, and medium-sized enterprises (MSMEs), especially those led by women or located in rural areas or involving people facing socioeconomic vulnerability. These loans aimed at supporting productive activities among those experiencing poverty while promoting equity and inclusion.
For environmental purposes, funding was provided for projects targeting climate change mitigation—such as improvements in energy efficiency, renewable energy adoption, sustainable construction practices, circular economy technologies, clean transportation solutions, as well as sustainable agriculture and fisheries.
To ensure accurate measurement of credit impacts, Banco Promerica worked with BID Invest for technical support in developing a reference framework for sustainable bonds. Other partners included LAGreen—the Latin American Green Bond Fund—and Finance in Motion; both contributed to designing a traceability system. Pacific Corporate Sustainability (PCS) conducted an independent review confirming that Banco Promerica complies with resource use requirements and eligibility criteria described in their Green, Social & Sustainable Bonds Framework.
"The delivery of this report marks a milestone in Banco Promerica's sustainability strategy and reaffirms its position as an innovation leader in Guatemala's financial sector," said representatives from Banco Promerica.
More details are available at https://www.bancopromerica.com.gt/quienes-somos/sostenibilidad/bono-sostenible/
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