The Government Delegate Commission for Economic Affairs has created a working group with the participation of all the ministries involved that presides over the general director of the Treasury and Financial Policy, Pablo de Ramón-Laca to launch a “National Sustainable Finance Plan” and a sovereign green bond issuance program that will begin to issue in the second part of the year, as stated by Ramón-Laca at the OFISO 2021 Annual Meeting on Sustainable Financing in which Opening has participated together with Julián Romero, president of OFISO Y Cristóbal Paredes, general director of Corporate Banking and Investment of ING Spain & Portugal.
The Director General of the Treasury has added that it is an initiative of a structural nature that is capable of financing a sustainable growth model within the framework of the European Union regulation in this field, with the aim of mobilizing new investments and boosting the private sector participation.
The situation and prospects of the green, social and sustainable bond market, of sustainable loans, as well as innovation through new formulas and products, and regulation in this field, together with transparency and disclosure of information, have been the main issues addressed at the OFISO 2021 Annual Meeting organized by the Spanish Observatory of Sustainable Financing, with the sponsorship of BME, Cohispania and ING.
This forum has become a reference for sustainable financing in Spain, focused on the side of financial directors, a true factor and element of recovery and relaunch of the economy and business activity.
They have participated in it a score of experts and professionals that operate directly in this sustainable financing market that mobilized in Spain in 2020 a total volume of 33,026 million euros, with a growth of 45% according to the OFISO Annual Report, so that one in every 10 euros in corporate financing in the market capital in our country is sustainable.
Shares with the most potential according to the market consensus
Ibex 35 shares with more potential according to the market consensus. 5 of them with more than 20% potential.
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Specifically, green, social and sustainable bond issues in Spain in 2020 concentrated 15,024 million euros, 54% more than the previous year. On the other hand, sustainable loans contributed 18,002 million, with an increase of 38%.
Premises OFISO 2021
Madrid’s community for its trajectory and leadership as a public institution; Endesa, as the best sustainable loan of the year 2020; Republic of Ecuador, for its innovation in Sustainable Finance in Latin America; Telefónica, for its trajectory and leadership as a company in Sustainable Financing; and Francisco Javier Arnaéz, individually for their personal and professional career in Sustainable Financing, have received the OFISO Awards in their 2nd edition in 2021, during this Annual Meeting.
The event has more than 300 attendees and a score of speakers and experts. The situation of the green, social and sustainable bonds has had the contributions of Rodrigo Robledo, general director of Financial Policy and Treasury of the Community of Madrid; Tomás Gallego, financial director of Grupo Red Eléctrica; David Maroto, head of financing at Telefónica; Alvaro López Barceló, deputy director general of Public Debt Management of the Public Treasury; and Gonzalo Gómez Retuerto, CEO of BME Renta Fija and MARF.
To analyze the challenges of sustainable loans Cristóbal Paredes, general director of Corporate Banking and Investment of ING Spain & Portugal; Emilio López, head of corporate lending, Iberia at BBVA; Juan Ramón Gutiérrez, director of sustainable finance at Banco Sabadell; Adolfo García Nombela, head of finance and insurance at Endesa, and Benjamin Cliquet, head of sustainable finance business development at VE
The panel dedicated to regulation and innovation: taxonomy, information disclosure has the participation of Marta Olavarría, academic director of sustainable finance at IEB; Gonzalo García Fuertes, partner of Garrigues; Jose Manuel Marqués, head of the financial innovation division of the Bank of Spain; Jordi Balcells, ESG sustainability director at VidaCaixa; and Roberto Fernández Albendea, head of RSC and reputation of Iberdrola.
Juan Carlos Villanueva, OFISO’s general secretary, Eduardo Serra, president of Cohispania, and Daniel Innerarity, professor of Political Philosophy, participate in the closing session of the event.
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