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Good practices of initiative:
ESG Sovereign Bonds (Chile)
Relevance
It measures the alignment of the initiative with existing policy frameworks in the country. In addition, the scalability of the initiative to other realities and geographies is valued.
| Framework | Description | Ambit | Country | Source |
|---|---|---|---|---|
| Chile's Long-Term Climate Strategy 2050 | Chile's Long Term Climate Strategy 2050 (LTCS) establishes long-term greenhouse gas emissions mitigation goals and targets. | National | Chile | Link |
| NDC Nationally Determined Contribution of Chile | Chile's updated Nationally Determined Contribution (NDC). It represents Chile's international commitment to reduce greenhouse gas emissions. | National | Chile Chile | Link |
| Chile's Sustainability-Linked Bond Framework | Chile's Sustainability-Linked Bond Framework establishes the structure for the issuance of bonds linked to specific environmental and social objectives. | National | Chile | Link |
| Chiles Energy Policy Energy 2050 | It establishes objectives for the energy sector, including the transition to clean energy. Chile reinforces its commitment to its energy policy through these bonds. | National | Chile | Link |
Effectiveness
This measures how well the objectives and goals set out in the initiative were fulfilled, as well as the extent to which the results achieved are attributable to the actions implemented by the initiative.
| Indicator | Description | Indicator Type | Measure Unit | Base date | Base | Goal | Measure Date | Measure | Compliance | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Percentage of electricity generation derived from non-conventional renewable sources (NCRE) | Effectiveness | Percentage | 29-12-2022 | 33.4% en 2022 | 60% para 2032 | 29-12-2023 | 37.1% en 2023 | 3.7 | Link | |
| Greenhouse gas (GHG) emissions by year | Effectiveness | MtCO2eq | 29-12-2020 | 105.55 MtCO2eq | 95 MtCO2eq para 2030 | 29-12-2020 | 105.55 MtCO2eq | Link | ||
| Percentage of women in board positions in companies reporting to the CPM. | Effectiveness | Percentage (%) | 29-12-2022 | 14.0% | 40% para 2031 | 29-12-2023 | 15.9% | Link |
Sustainability
It measures the installed capacities or actions identified to maintain or improve the results of the policy initiative.
| Indicator | Description | Indicator Type | Measure Unit | Base date | Base | Goal | Measure Date | Measure | Compliance | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Greenhouse gas (GHG) emissions by year | In GHG emissions by sector, where Agriculture accounts for 11% of total emissions in 2020 (11,237.74 ktCO2eq). | Sustainability | MtCO2eq | 2020-12-29 | 105.55 MtCO2eq | 95 MtCO2eq para 2030 | 105.55 MtCO2eq | In progress | Link | |
| Percentage of electricity generation derived from non-conventional renewable sources (NCRE) | Sustainability | % | 2022-12-29 | 60% para 2032 | 37.1% en 2023 | In progress | Link | |||
| Percentage of women in board positions in companies reporting to the CPM. | Sustainability | % | 2022-12-29 | 15.9% | 40% para 2031 | 15.9% en 2023 | In progress | Link |
Learned lessons
Gained knowledge from implementing, evaluating, and managing a policy intervention, including why it was or was not effective and how it could be improved in the future.
| Lesson | Description | Source |
|---|---|---|
| The inclusion of multiple KPIs (GHG emissions, NCRE generation and participation of women on boards of directors) makes it possible to address various dimensions of sustainability. | Link | |
| The establishment of specific and measurable goals provides clarity and transparency to investors. | Link | |
| Collaboration between different ministries and government entities is crucial to the success of these initiatives. | Link | |
| Regular publication of progress reports increases accountability and allows for adjustments to the strategy as needed. | Link | |
| Linking sustainability objectives to financial implications creates a strong incentive for compliance. | Link |