BBVA advises Isagen on the structuring of its inaugural Sustainable Financing Framework

BBVA has acted as sole structuring bank to Isagen, one of Colombia’s leading power generation companies, in its inaugural Sustainable Financing Framework. Through this transaction, BBVA strengthens its position as a strategic partner in Latin America's energy transition and reinforces its role in supporting leading companies in the sector.

BBVA has accompanied Isagen in the design and structuring of its Sustainable Financing Framework (SFF). Through this engagement, the bank provided specialized technical support to develop a tool that channels resources toward sustainable projects, enhances performance measurement, and aligns the company’s actions with its strategic objectives. The transaction further strengthens BBVA’s role as a key partner for leading companies in their transition towards lower-emission and more climate-resilient business models.

With this framework, Isagen, a Colombian company specialized in renewable energy generation, owned by the brookfield fund, takes a decisive step in advancing its sustainability strategy. The SFF will enable the financing and refinancing of initiatives through green bonds and green loans, as well as other sustainable debt instruments. The six green use-of-proceeds categories included in the framework: Renewable Energy, Green Buildings, Conservation of Terrestrial and Aquatic Biodiversity, Climate Change, Clean Transportation, and Energy Efficiency; cover projects that meet, fully or partially, the criteria set by Colombia’s Green Taxonomy.

The Sustainable Financing Framework has also received an “Excellent” rating, the highest on the scale, from Sustainable Fitch in its Second-Party Opinion. This recognition confirms the framework’s strong alignment with international green finance principles, as well as the robustness of its governance, transparency, and reporting practices.

“Supporting Isagen in the development of its Sustainable Financing Framework reflects our commitment to being a strategic partner for enterprises as they transform their business models. At BBVA CIB, we aim to structure financial solutions that connect corporate strategy with access to capital, helping to drive activities aligned with low-emission economies. This transaction showcases our ability to mobilize financing toward projects with long-term impact and vision,” said Isidoro del Álamo, Responsible for Sustainability & Low Carbon Advisory at BBVA CIB.

“The ‘Excellent’ rating awarded by Sustainable Fitch to our Sustainable Financing Framework represents far more than a technical recognition: it validates that we are moving in the right direction. At ISAGEN, we firmly believe that every financial decision is an opportunity to transform the future, and this framework will enable us to continue driving projects that protect the planet and generate well-being for communities. Our 100% renewable energy matrix reflects a commitment that goes beyond energy: it is a commitment to life, sustainability, and future generations. Today, we reaffirm that sustainability is not just part of our strategy, it is the heart of everything we do”, indicated Arturo Mejía Molina, CFO ISAGEN. 

Through initiatives like this, BBVA, supported by the specialized capabilities of the multidisciplinary Sustainability & Low Carbon Advisory Team of BBVA CIB, reaffirms its role as a reference bank in supporting Latin American enterprises seeking to adapt their production models to global challenges, combining financial strength with leadership in sustainability and decarbonization.