The Inter-American Development Bank (IDB) announced the creation of the Green Bond Transparency Platform (GBTP), an innovative digital tool that brings greater transparency to the Latin American and Caribbean’s green bond market. Alongside a selection of other market participants, AIM provided guidance during the development phase of the tool, in line with its mission to help grow the impact bond market.
The innovative platform uses Blockchain (DLT) technology and is the first such tool to facilitate harmonized issuance reporting and verification. By accessing the platform, issuers, investors and other market actors can upload and research information on transaction details, bond performance, use of proceeds, and environmental impacts of the region’s green bond issues. The demand for greater transparency was highlighted by a Climate Bonds Initiative (CBI) analysis that shows that only 53 percent of surveyed issuers in the region reported on both the use of proceeds from their deals and their environmental impacts.
The platform is currently in its beta stage and set for official launch in 2020.