CMI Capital, Committed to sustainable development
Vida y Éxito Magazine, published August 7, 2022
Corporación Multi Inversiones receives an award for its successful placement of green bonds in the international market.
For its commitment and innovation in the renewable energy finance industry, CMI Energy, part of CMI Capital, business group under the umbrella of Corporación Multi Inversiones (CMI), received the Green Market Pioneer award in 2021, during the seventh edition of the Climate Bonds Awards.
The award was presented by Initiative Climate Bonds, which rewards leadership, compliance with best practices and innovative ideas in green and sustainable finance. CMI Energy fulfills these elements by generating impactful investments that drive sustainable development in projects and businesses.
It carries out these efforts seeking to grow together with its employees, customers, suppliers and neighboring communities, all of whom are its main stakeholders. In this way, it promotes the integral wellbeing of society in general, as well as safety in all the countries in which it operates.
“This recognition fills us with satisfaction and allows us to reaffirm our commitment to the continued growth and generation of impactful investments that lead to the sustainable development of the countries and communities where we operate,” says Enrique Crespo, CEO of CMI Capital.
“Investing in renewable energy is, without a doubt, investing in integral sustainability. Therefore, it is essential to promote a reliable, affordable and decarbonized energy system to continue contributing to the social, economic and environmental growth of countries,” he says.
Since 2016, the Climate Bonds Awards has honored 175 organizations that demonstrated leadership in financing climate resilient and low-carbon projects in different countries and markets based on 23 categories to evaluate participating businesses.
Leadership
In 2021, CMI Energy successfully placed US$700 million in green bonds in the international market and closed a US$300 million syndicated loan to refinance its project finance debt. In this way, CMI strengthens its position as a solid and relevant business group for the region.
“The placement of US$700 million in green bonds was the largest placement by a renewable energy company in Central America and the Caribbean to date, representing CMI Energy’s entry into the international capital market with a 100 percent renewable energy portfolio in the region,” Crespo said.
After the placement of green bonds, CMI Energy continues with its objective of making sustainable investments with a positive impact, highlighting its contribution to the reduction of greenhouse gas emissions and the decarbonization and diversification of the regional energy grid with renewable energy in the countries where it operates.
Road to sustainability
CMI also has high-impact social programs that are part of its solid Road to Sustainability.
For example, in Guatemala, CMI (through its financial unit COFINSA) and the Central American Bank for Economic Integration (CABEI) formalized a US$7 million revolving credit line to support micro, small, and medium-size enterprises (MSMEs) in their economic growth.
This line would support 61 MSMEs and 10 self-employed workers, benefiting more than 3,600 people in the country. It promotes steady, inclusive and sustainable economic growth, full and productive employment, decent work for all, responsible production and consumption, and the adoption of urgent measures to combat climate change and its effects.
Also in Guatemala, CMI presents Pradera Impulsa, an initiative focused on empowering small businesses that are part of the Pradera shopping center chain. This initiative promotes the strengthening of these growing companies in Pradera, providing them with the necessary tools to improve sales, productivity, and financial management, which in turn allows them to strengthen relationships and increase their performance.
Impactful energy
This unit of CMI Capital is dedicated to the development, design, execution, operation and commercialization of renewable energy projects in the Central American region.
– It has an installed capacity of more than 800 Megawatts (MW).
– This capacity ensures it is the largest and most diversified private renewable generator in Central America and the Caribbean.
– Through their renewable energy generation projects, they claim to have contributed to avoiding the emission of 1,700,000 tons of CO2, directly combating climate change.
– It contributes to the diversification and decarbonization of the countries’ energy matrices, allowing the population to have access to renewable and affordable technologies.
– It is present in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and the Dominican Republic, with hydraulic, wind and solar technologies.
Sustainable Pillars
Renewable power generation plants have a robust investment strategy based on four pillars:
– Infrastructure
-Education
– Health
– Environment
In the environmental field, they ensure:
– Compliance with the legal regulations of each country.
– Monitoring of flora and fauna.
– Integrated Waste Management System.
– Environmental education and restoration projects.
Through the trading company:
– They provide comprehensive energy solutions to large energy consumers in the region, who are constantly innovating and developing to make the latest trends available to them.
– Provides constant monitoring to ensure efficiency.
– Facilitates management and provides support.
– It has effective communication channels to keep customers informed, as well as technical and commercial support through state-of-the-art technology.
