The Dominican Republic Pensions Superintendency, through comments by a senior official in an interview, provided an update on how pension fund assets are being used to finance sustainable and productive projects in the country. The discussion focused on the role of the Risk Classification and Investment Limits Commission in approving investment alternatives for pension funds, promoting diversification and setting maximum investment limits, while also linking pension fund investment activity to green finance tools and project financing in sectors such as energy, tourism and education. The interview highlighted that the country has had a green taxonomy since 2024, approved by the Superintendency of the Securities Market and the Ministry of Environment, to classify what qualifies as green, social or sustainable thematic bonds across sectors including waste, water, construction, energy, transport and information technology. It also said about 20% of the total pension fund portfolio is currently invested through investment funds, with roughly 34% of that allocation financing energy projects and another 34% going to tourism, alongside exposure to industry, real estate, distribution and logistics. A recently approved investment alternative is an education fund covering preschool through university. As examples, the official pointed to the Dominican Infrastructure Development Fund managed by AFI Universal, which according to its 2024 sustainability report supports solar, wind and natural gas projects, and to Banfondesa's sustainable bonds, described as the first Dominican sustainable bonds listed on the Luxembourg Stock Exchange, with proceeds supporting solar panels, electric vehicles, energy-efficient appliances and lending with a strong rural and female borrower focus. The official also referred to the Express Window, a joint digital platform of the securities, banking and pension supervisors that allows securities issuers to submit documentation through a single portal for approval requests. She said SIPEN also provides a public interactive map showing, by province, projects financed with pension funds through investment funds and the sectors affected.
Pensions Superintendency (SIPEN)2026-07-15
Dominican Republic Pensions Superintendency outlines pension funds financing for sustainable projects, says about 20% is invested through investment funds
In an interview, the Dominican Republic Pensions Superintendency described how pension fund assets are being channeled into sustainable and productive projects. It said about 20% of the total pension fund portfolio is invested through investment funds, with around 34% of that allocation going to energy and 34% to tourism. The discussion also pointed to the country's 2024 green taxonomy, Banfondesa's sustainable bonds and a recently approved education fund as part of the current investment landscape.