The Financial Superintendence of Colombia published a press release summarising remarks by its Acting Director for Research, Innovation and Development, Francisco Duque, at a panel on green financing, highlighting taxonomy, information and equity as key enablers for developing green projects in Colombia. Duque pointed to work already undertaken by the supervisor to help the market distinguish which projects can be identified as green, and argued that Colombia needs regulation that improves access to project information and ongoing monitoring, given the sensitivity of disclosure for investors. He also called for stronger capacity to assess project impacts, noted concerns about initial losses in green projects, and linked these issues to the need for a taxonomy and adequate information disclosure for relevant market participants. The remarks also referenced the role of private support and potential state-backed guarantees, suggested reviewing how guarantee funds operate to improve financing, and urged greater involvement of capital markets and local communities in funding environmentally sustainable initiatives.
Superintendencia Financiera de Colombia 2025-04-29
Financial Superintendence of Colombia calls for a green taxonomy and stronger disclosure to unlock green project finance
Francisco Duque, Acting Director for Research, Innovation and Development at Colombia's Financial Superintendence, emphasized taxonomy, information, and equity in advancing green projects. He highlighted the need for regulation to enhance project information access and monitoring, and called for improved capacity to assess impacts. Duque also advocated for private support, state-backed guarantees, and greater capital market and community involvement in sustainable financing.