Gender Social Bonds in the Latin American Market

Juan David González-Ruiz, Nini Johana Marín-Rodríguez and Alejandro Valencia-Arias ()
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Nini Johana Marín-Rodríguez: Programa de Ingeniería Financiera, Facultad de Ingenierías, Universidad de Medellín, Medellin 050026, Colombia
Alejandro Valencia-Arias: School of Industrial Engineering, Universidad Señor de Sipán (Señor de Sipán University), Chiclayo 14001, Peru

Sustainability, 2023, vol. 15, issue 20, 1-18

Abstract: Although issuances of sustainable debt are growing worldwide, there is a lack of studies that allow a better understanding the social bond issuances, particularly those with a gender focus, which are directly related to the achievement of the Sustainable Development Goals 5, 8, 9, and 10. This study addresses the identified knowledge gap by examining the overall state of the gender social bonds in the Latin American market between 2019 and 2022. The results revealed that a total of USD 1 billion was issued by 12 issuers conducting 14 issuances across six countries. Also, most issuances were financial corporations (58.4%) and supranational banks had a pivotal role in this market by being buyers and/or lead managers. As the first study conducted on this topic, this represents a milestone in sustainable finance research. Finally, this study will allow policy makers, regulators, and researchers to promote the issuance of gender social bonds.

Keywords: gender; social bond; sustainability; Latam; SDGs; ESG; social finance; diversity; sustainable finance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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