republic-20of-20chile-20pre-20issuance-20verification-b5f3ecf1e5658209.pdf

Vigeo Eiris conducted a pre-issuance verification of the Republic of Chile's first 2019 Green Bond to ensure alignment with the Climate Bonds Standard (CBS) version 2.1. The verification, completed on May 9, 2019, concluded that the bond's framework, project selection, and reporting systems conform to the required standards for solar energy, low carbon land transport, green buildings, and water infrastructure.

• Vigeo Eiris concluded that the Republic of Chile's 2019 first Green Bond conforms in all material respects with the Climate Bonds Standard's Pre-Issuance Requirements (version 2.1) and the associated sector-specific technical criteria.
• The bond's proceeds are intended for 14 Eligible Green Expenditures across four categories: Renewable Energy, Clean Transportation, Green Buildings, and Water Management.
• The Republic of Chile established a Green Bond Committee, led by the Ministry of Finance and supported by the Ministry of Environment, to select eligible expenditures and ensure compliance with the Green Bond Framework.
• Specific technical criteria apply to the eligible categories: solar projects must not have more than 15% of electricity from non-renewable sources, and green building projects must target a 30% carbon reduction based on the "Certificación Edificio Sustentable" scheme.
• The bond's financial management includes a tracking system managed by the Ministry of Finance, with unallocated proceeds held in the General Account of Chile in instruments such as those issued by the Central Bank of Chile.
• Refinancing is expected to account for approximately 13% of the net proceeds used for financing and refinancing.
• The Republic of Chile has committed to appointing an approved CBI Verifier for a post-issuance compliance review within one year of the bond's issuance.

APA

Climate Bonds Initiative (n.d.). republic-20of-20chile-20pre-20issuance-20verification-b5f3ecf1e5658209.pdf. https://www.climatebonds.net/files/drupal-files/files/Republic%20of%20Chile%20pre%20issuance%20verification.pdf

Chicago

Climate Bonds Initiative. republic-20of-20chile-20pre-20issuance-20verification-b5f3ecf1e5658209.pdf. n.d. https://www.climatebonds.net/files/drupal-files/files/Republic%20of%20Chile%20pre%20issuance%20verification.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=republic-20of-20chile-20pre-20issuance-20verification-b5f3ecf1e5658209.pdf |url=https://www.climatebonds.net/files/drupal-files/files/Republic%20of%20Chile%20pre%20issuance%20verification.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendrepublic20of20chile20pre20issuance20verificationb5f3ecf1e5658209pdf, author = {{Climate Bonds Initiative}}, title = {{republic-20of-20chile-20pre-20issuance-20verification-b5f3ecf1e5658209.pdf}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/Republic%20of%20Chile%20pre%20issuance%20verification.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }