The administration of President José Raúl Mulino reports on the progress in strengthening the financial position of Empresa de Transmisión Eléctrica, S.A. (ETESA), which recently received an important international recognition in sustainable finance. Last week, the firm Sustainable Fitch awarded ETESA an 'Excellent' alignment score in its Green Debt Bond Framework, the highest possible rating within an independent opinion known as a Second-Party Opinion (SPO). According to ETESA's General Manager, Roy Morales, this recognition confirms that the company meets the most demanding international standards for sustainable financing. Morales explained that thanks to this assessment, ETESA becomes the first public enterprise in Panama's administration to have a Green Debt Bond Framework, which will allow resources obtained through the issuance of green bonds to be exclusively allocated to projects with positive environmental impact and oriented towards sustainability. The approved framework is also aligned with the Green Bond Principles (GBP) promoted by the International Capital Market Association, a globally recognized standard that guides issuers on how to structure financial instruments linked to environmental projects.
