Allocation and Impact Report and strengthening of traceability

ImplementaSur supported Banco Promerica, S.A. (Guatemala) in the preparation of the Bank’s First Sustainable Bond Allocation and Impact Report and in strengthening its traceability system and impact indicators.

Service Traceability and Impact System for a sustainable bond

Year 2024-2025

Approach and Project Implementation

The project, made possible through the technical assistance program of the LAGreen Fund, managed by Finance in Motion, consisted of comprehensive technical support to Banco Promerica, S.A. for the preparation of its first Allocation and Impact Report following the issuance of a USD 50 million sustainable bond in 2024. It included validation of the allocation of proceeds, the calculation and consolidation of social and environmental impact indicators, and the structuring of a report aligned with international standards, thereby enhancing transparency and credibility with investors and regulators.

Review of eligible categories and indicators defined under the Bond Framework

Design of a portfolio tagging and traceability system

Manuals, templates, and calculation methodologies

Training workshops on sustainable finance, thematic bonds, and impact measurement

Strategic Vision

Banco Promerica is an institution that has embraced sustainability as a true strategic pillar of its business, rather than as a merely reputational exercise. It is the first bank in Guatemala to issue a sustainable bond under ICMA standards and serves as a benchmark for the local and regional financial system.

Supporting this process contributes to strengthening the thematic bond market in Central America and represents a rigorous integration of financial discipline with ESG risk management and measurable impact, with a focus on MSMEs and vulnerable sectors.

Alignment with the ICMA Green, Social, and Sustainability Bond Principles
More than USD 28 millon allocated in the first year
Benefit to more than 240 loans, primarily to MSMEs, including women-led businesses and companies located in vulnerable areas.
+20,000 tons of recycled material financed annually
Integration of impact reporting into the credit cycle

Documents

Decarbonization Roadmap for SQM

Joaquín Acevedo

June 6, 2025