Sustainable Issuer versus Sustainable Issuance: Providing Public Issuers of Sustainable Bonds in Latin America and the Caribbean with Insight into the Nascent Universe of ESG Ratings

2021 ◽  
Author(s):  
Rodolphe Bocquet ◽  
Isabelle Braly-Cartillier ◽  
Mariana Pombo ◽  
Antoine De Salins

Based on recent works and experiences from issuers in Latin America and the Caribbean, and complemented by interviews of experts, this study provides public issuers with insight and encouragement to engage into the nascent world of environmental, social, and governance (ESG) evaluations and assessments, ratings, scoring, and profiles. Increasingly, investors are integrating ESG into their decision-making processes for various reasons, including risk-return considerations, client mandates, disclosure commitments, and regulatory requirements. Although an increasing number of investors have ESG investing strategies and responsible investment policies in place, ESG factors have primarily been integrated into decision making in equity rather than fixed income portfolios. Few investors have a systemic approach to ESG integration in debt portfolios, especially in sovereign debt. Their number is growing, however, and investors increasingly are demanding ESG ratings of bond issuers, especially thematic bond issuers, whether corporate or sovereign.

2018 ◽  
Vol 31 (1) ◽  
pp. 29-42 ◽  
Author(s):  
Camelia Ilie ◽  
Guillermo Cardoza

Purpose Many studies have analyzed how gender diversity and local culture condition the cognitive styles of managers and affect decision-making processes in organizations. Gender diversity has been defended from an equality perspective; it has been argued to improve decision-making processes and to have a positive impact on companies’ return on investment. The purpose of this paper is to analyze the differences between the thinking styles of men and women, in Latin America and the USA that support decision-making processes. An argument is given in favor of gender diversity in management teams, because of its positive implications in decision making. Design/methodology/approach The measurement instrument used was the Neethling Brain Instrument, developed based on recent neuroscience discovery. The sample comprised 1,216 executives from the USA and several countries in Latin America and the Caribbean, who have participated in executive training programs. Findings The results show differences in thinking styles by gender, but no differences were found in thinking styles or decision making between men and women at the same managerial level in either of the two regions. Similarly, results suggest that executives in the USA tend to base their management models on strategic thinking styles that focus on interpersonal relations and involve risk taking, while executives in Latin American countries tend to prefer thinking and management styles focusing on data analysis, execution, planning, and process control. Originality/value The results of the present study show that, in all regions, men score higher in rational thinking styles associated with the cortical areas, while women gravitate toward thinking styles where emotional schemes prevail, related to subcortical areas. These results could be useful for organizational leaders in charge of allocating roles and tasks to people, based on their thinking style strengths. The results can also be very valuable for Latin American organizations to design specific training and development programs for men and women accordingly with their individual needs and their managerial roles. They can also support the argument that diverse gender teams will guarantee complete decision-making processes.


2020 ◽  
Author(s):  

The LAC Debt Group believes that to have sound regional policy it is important to have valid, comparable, and standardized data on Latin America and the Caribbean (LAC). Therefore, at the core of the initiative is the development of a standardized sovereign debt database to help debt managers, policy makers, and other actors of financial markets, analyze the composition of public debt in LAC. The information presented in this database is provided by the Debt Management Offices of 26 LAC countries in response to a questionnaire specifically created to allow comparability of data. The questionnaire is intended to compile up-to-date standardized statistics to conduct cross-country comparisons over clear, objective, and homogeneous definitions of public debt.


2021 ◽  
Vol 45 ◽  
pp. 1
Author(s):  
Víctor Becerril-Montekio ◽  
Pilar Torres-Pereda ◽  
Luis Alberto García-Bello ◽  
Jacqueline Alcalde-Rabanal

This article describes the main models for embedding research and the successful experiences and challenges faced in joint work by researchers and decisionmakers who participated in the Embedding Research for the Sustainable Development Goals (ER-SDG) initiative, and the experience of the Technical Support Center. In June 2018, funding was granted to 13 pre-selected research projects from 11 middle- and low-income countries in Latin America and the Caribbean (Argentina, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, Guatemala, Guyana, Haiti, Paraguay, and Peru). The projects focused on the system-, policy-, or program-level changes required to improve health and build on the joint work of researchers and decisionmakers, with a view to bringing together evidence production and decision-making in health systems and services. The Technical Support Center supported and guided the production of quality results useful for decision-making. This experience confirmed the value of initiatives such as ER-SDG in consolidating bridges between research on the implementation of health policies, programs, and systems, and the officials responsible for operating health-related programs, services, and interventions. It highlighted the importance of both respecting and taking advantage of each context—and the specific arrangements and patterns in the relationships between researchers and decisionmakers—through incentives for embedded research.


2020 ◽  
Author(s):  
Álvaro Altamirano ◽  
Nicole Amaral

This note brings together lessons from the IDBs and other institutions efforts to adapt a skills taxonomy for Latin America and the Caribbean countries. These efforts have focused primarily on the ability to gather and make use of labor market information on skills demand from non-traditional data sources like online job vacancies. Most of these efforts have used the European Skills, Competences, Qualifications and Occupations (ESCO) taxonomy to underpin the identification and classification of skills. This note is intended to be a starting point and set of considerations for policymakers who may be considering, or already embarking on, similar efforts to use ESCO or other taxonomical structures to help better analyze, understand and use skills-level information for decision making. It also seeks to motivate the need for additional classification systems that help governments take stock of its citizens skills in increasingly complex and rapidly changing labor markets.


2017 ◽  
Vol 12 (2) ◽  
pp. 372-385 ◽  
Author(s):  
D. Requejo-Castro ◽  
R. Giné-Garriga ◽  
Ó. Flores-Baquero ◽  
G. Martínez ◽  
A. Rodríguez ◽  
...  

The provision of water supply, sanitation and hygiene services has emerged as a top priority in the development agenda in Latin American and the Caribbean. In light of the investments envisaged to reach the targets set by the sustainable development goals, information systems will play a key role in improving decision-making. In this context, this article introduces a country-led and global IS, which has been increasingly implemented in numerous countries across Latin America and the Caribbean as a policy instrument to support national and local decision-making: the Rural Water and Sanitation Information System (SIASAR). SIASAR includes a comprehensive framework for data collection, analysis and dissemination that simultaneously fulfils different stakeholder needs. This article analyses these three key monitoring issues from the viewpoint of stakeholder involvement. Our results indicate that SIASAR represents a suitable monitoring framework to analyse sustainable services and the level of service delivered. Additionally, we highlighted some of the advantages of adopting a continued participatory approach in system development, including: (i) the stimulation of experience exchange and knowledge sharing between recipient countries; (ii) the promotion of learning-by-doing; and (iii) an increase of regional understanding, collaboration and comparisons.


2022 ◽  
Vol 7 (1) ◽  
Author(s):  
Mary R. Brooks ◽  
Geraldine Knatz ◽  
Athanasios A. Pallis ◽  
Gordon Wilmsmeier

AbstractThis study examines the concept of transparency as practiced (or not) in ports. It explores the availability of information to the general public and port stakeholders through the ports’ most public face—its website, studying public ports in North America, Europe, and Latin America and the Caribbean. This exploratory research centred on identifying the parameters that would be useful for the general public to have sufficient information to monitor, review and in many cases, participate in the decision-making processes carried out by the port authority, irrespective of whether or not laws mandate such disclosure. Fifty-one items were identified for the examination of each port’s website, focusing primarily on four major categories: decision-making governance, port communications and accessibility, transparency in reporting and in port operational activities. Using nine items as proxies for the 51, the research reveals uneven levels of port transparency both regionally and by governance model. The study reveals a need for increasing and differentiating the existing levels and standards of transparency in the governance of the port industry, and for greater consistency between ports within and across regions. The study concludes with a research agenda for future research.


2021 ◽  
Author(s):  

The IDB Behavioral Economics Group is an interdepartmental working group on behavioral economics. For nearly a decade, armed with the tools and insights offered by psychology and economics, the IDB has been partnering with local and national governments in Latin America and the Caribbean to promote knowledge related to individual and collective decision-making in the region. Through this work, we hope to serve our countries better and continue improving peoples' lives.


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