Luanda – Angola will issue the first Green Bonds in the 2024 financial year, which will be used to fund projects with a direct impact on environmental sustainability.
The information was provided Thursday by the Minister of State for Economic Coordination, José de Lima Massano, stating that the issuance of Green Bonds falls within the operational framework for sustainable financing, approved in May of this year and has the participation of national financial operators and other economic agents.
According to the official, who was giving the opening speech at the Forum on Sustainability in the Angolan Financial System, promoted by the National Bank of Angola, sustainability has become a priority topic on the agenda of the global financial sector, in addition to legislation and regulation.
“Society expects the financial sector to contribute to a more sustainable future, banks, insurance companies, asset managers and other market players are seen as a crucial factor in financing and delivering the transition to a sustainable economy”, he asserted.
He indicated that in the 2000s the concept of sustainability began to more formally include environmental, social and governance dimensions in companies under the English acronym "ESG".
He said that financial institutions will have to ensure and implement ESG principles internally and also define the risk in granting credit and investment.
José de Lima Massano encouraged the Financial System Supervisory Board to deepen the debate, in order to ensure the growth and development of the national financial system, with permanent and realistic consideration of environmental, social and prevention factors. ASS/AC/TED/DOJ
