Social, Green and Sustainable Bonds
The SVS Bond Panel consists of a differential panel that seeks to promote greater environmental and social responsibility. Marketable securities labeled as SVS are intended to finance or refinance, in whole or in part, projects with social, environmental or a combination of both benefits.
SVS Bonds
BYMA developed a guideline and a regulation for the Issuance and Listing of Social, Green and Sustainable Bonds in BYMA and a rules for the Listing of Trust Securities and/or Quota Shares of Social, Green and Sustainable Closed-end Mutual Funds (SVS). These documents have been approved by the National Securities Commission.
This initiative seeks to provide the market with a new form of financing that grants issuers, investors and stakeholders in general the possibility of being part of the objective set forth by the Kyoto Protocol and the Paris Agreement to mitigate the effects of global warming; and to promote greater environmental and social responsibility as set forth by the principles of the United Nations Global Compact.
Types of Bonds
Any company, government or organization may issue an SVS Bond as long as it complies with the legal and regulatory conditions in force for the marketable securities it applies to list. The issuance of an SVS Bond gives issuers the possibility to address environmental and/or social issues by financing projects with clear benefits for such areas.
Social Bonds
SBP | Social Bond Principles
The Social Bond Principles (SBP) define Social Bonds as any type of bond in which funds will be applied exclusively to finance or refinance, in part or in full, eligible social projects, whether new and/or existing; and which are aligned with the four main components of the SBP.
Social projects aim to help address or mitigate a given social problem and/or achieve positive social outcomes in particular, but not exclusively, for a given population group.
Green Bonds
GBP | Green Bond Principles
The Green Bond Principles (GBP) define Green Bonds as any type of bond where funds will be applied exclusively to finance, or refinance, either in part or in whole, new or existing eligible green projects and that are in line with the four main components of the GBP.
Climate Bonds Initiative defines green bonds as those bonds where the use of proceeds is segregated to finance new projects and also refinance existing projects with environmental benefits.
Sustainable Bonds
SBG | Sustainability Bond Guidelines
Sustainability Bond Guidelines (SBG) define Sustainable Bonds as those bonds where the funds will be applied exclusively to finance or refinance, in whole or in part, a combination of green and social projects that are aligned with the four main components of GBPs and SBPs. In other words, they accumulate the characteristics of Social Bonds and Green Bonds.
List of Bonds issued
Learn more about ESG products
BYMA promotes the conditions for sustainable finance in the Argentine market through developments and products, and carries out sustainable actions both internally and externally.
Corporate Governance Panel
Integrated by BYMA-listed issuers that voluntarily adopt Corporate Governance practices.
Sustainability Index
In partnership with the IDB, LSEG Data & Analytics and the Earth Institute at Columbia University.
Social, Green and Sustainable Bonds Panel
Integrated by Negotiable Securities whose funds must be destined to finance or refinance projects with social and environmental benefits.
Sustainability-Linked Bond Panel
Bonds whose financial characteristics may vary depending on whether the issuer achieves sustainability or ESG objectives within a predefined timeline.
