Madrid
Madrid, Spain| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | ES0000101966, ES0000101933, ES00001010J0, ES00001010G6 |
| Aligned with SDGs |
Triodos invests in regional government bonds from EU member states and the UK. We only select sub-sovereigns from countries that have no involvement in international sanctions, and that have signed and ratified international conventions on controversial weapons, human rights, labour rights, and the environment. This includes the International Labour Organization (ILO) conventions (e.g. on child labour, and forced labour), the international convention on civil and political rights, the biological and chemical weapon conventions, the non-proliferation of nuclear weapons treaty, the Paris Climate Agreement and the convention on biological diversity.
Investment rationale
The green bonds ES0000101966, ES00001010J0 and ES00001010G6 finance three categories of projects: 1) recycling and composting waste in the region and the adoption of circular economy principles, 2) enhancing, maintenance and restoration of national parks and 3) replacing old internal combustion engine buses with electric and hybrid buses for public transport and subsidizing tickets for public transport to increase use of public transport instead of using cars. All the projects stimulate the circular economy, environmental conservation and clean transportation in the region of Madrid.
In total, 95% of the bonds' revenues is aligned with the Energy Transition and 5% of revenues is aligned with the Resource Transition.
Sustainability bond ES0000101933 finances both green and social projects and expenditures in the greater Madrid area. The bond finances many different projects and expenditures in the following categories: affordable housing, education, health care, social inclusion, SME financing, and environmental management. The majority of categories and projects financed by the bond contribute to more social inclusion and empowerment in Madrid.
In total, 74% of the bond's revenues is aligned with the Societal Transition, 26% of revenues is aligned with the Wellbeing Transition and 0% of revenues is aligned with the Resource Transition.