Clear taxonomy needed for the issuance of green bonds, as well as the lack of requirements for institutional investors to invest in ESG (Environmental, Social and Governance) compliant bonds or assets
Trade barrier summary
UK Asset Managers can focus on environmental, social, and governance (ESG) and green (environmental) content in their investments. Colombia's regulatory framework did not provide for these aspects. Regulators and government, as part of their due diligence process, would benefit from considering the risks, how to assess these, and the taxonomy of these types of assets. The Colombian Government recently started to work on a taxonomy for green investments in the country: one of its main local banks was the first to issue green bonds. This has made the Colombian market more attractive to funds and assets offered by UK Asset Managers.
Sectors affected
- Financial and professional services
Resolved
Yes - September 2020
Date reported
29 May 2019
Last updated
2 February 2021
Public ID
PID-B826MB
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