14 November 2024, London, U.K.
Julio José Montenegro, CEO of BlueGrace Energy Bolivia, announced a trio of groundbreaking initiatives uniting financial, environmental, and ethical goals. Each endeavor underscores BGE’s commitment to the UN’s Sustainable Development Goals (SDGs), positioning the company as a driving force for sustainable growth in Latin America.
Sustainable Finance through NIBank Ltd. for Environmental Projects
In partnership with NIBank Ltd., an established financial institution in Antigua and Barbuda, BGE has developed a new agreement to facilitate SDG Bonds sales related to forestry and natural capital assets.
This collaboration positions NIBank as a financial intermediary, offering services as guarantor, payment agent, and collection agent, ensuring transparency and security in fund management.
NIBank, applying Article 6 of the Kyoto Protocol, utilizes Joint Implementation (JI) to foster investment in emissions-reduction projects across nations. This strategic use of JI allows for cost-effective climate action, bridging economic interests and environmental responsibility. The partnership aims to secure sustainable projects that contribute real, measurable outcomes in the global fight against climate change.
Through this agreement, Bluegrace (BGE) and NIBank bring financial and environmental expertise together, setting a precedent for responsible investments that align with SDG priorities while ensuring financial integrity.
In that regard, BlueGrace, in collaboration with MAXIMANCE 2030 LTD, have secured approval of ISIN UK.BG.MAX 785.985257 facilitating support for Forest Conservation Projects through equity investments. This initiative underscores a commitment to due diligence, upholding the integrity of the carbon credits issued by the company.
Pioneering Green Mining with Compañía Minera Arco de Oro SAC
BGE has acquired an ownership stake in Compañía Minera Arco de Oro SAC in Peru, advancing sustainable mining practices under a strategic alliance aimed at ecological responsibility and social accountability. This acquisition reflects BGE’s commitment to clean technology and reduced environmental impact, aligning closely with SDG benchmarks.
The Arco de Oro Mining Project will feature innovative green technologies funded by Green Certificate Bonds issued by BGE. The project emphasizes local community engagement, biodiversity preservation, and restoration of affected ecosystems. With Julio Montenegro at the helm, the alliance aims to revolutionize the mining sector, demonstrating that economic benefits can coexist with strong environmental stewardship and social inclusivity. This initiative seeks to set a regional example for sustainable development in Latin America’s mining industry.
Transforming South America’s Vegan Industry with Frigorificos Kobefoods (FKF) In a significant investment supporting ethical consumer choices, BGE has taken a stake in Lima-based Frigorificos Kobefoods (FKF), a trailblazing vegan food manufacturer. Founded in 2020, FKF operates a state-of-the-art production facility in Tacna, Peru, known for its vegan hamburgers, salami, sausages, and cheese alternatives. Certified by PGH, HACCP, KOSHER, and the FDA, FKF combines advanced food technology with a commitment to non-GMO ingredients and sustainable production practices.
This partnership marks BGE’s entry into the vegan sector, promoting an ethical and environmentally friendly alternative to traditional meat production. FKF’s rapid growth and alignment with the SDGs echo BGE’s dedication to green initiatives, providing consumers with plant-based options that respect animal welfare, minimize ecological impact, and support regional economic growth. With BGE’s backing, FKF is poised to lead South America’s vegan market expansion, driving innovation in sustainable food production.
A Comprehensive Green Commitment Across Sectors
Through these interconnected ventures, BGE reinforces its commitment to sustainable finance, eco- conscious resource management, and ethical consumerism, demonstrating a holistic approach to achieving the UN’s SDGs. By integrating a shared vision across finance, mining, and vegan industries, BGE’s initiatives contribute to a greener future, fostering environmental protection, local economies, and ethical
standards across Latin America and beyond.
In recent months, BGE has extended its partnerships to go beyond environmental goals, forming strategic alliances with influential private and public entities such as MAXIMANCE 2030 LTD, a London-based investment firm focused on the circular economy and biotechnologies for energy transition; Axiom Life and Health Inc., a Canadian company, coverholder at LLOYD’s, offering comprehensive healthcare
solutions; APRISCO ENERGY INDUSTRIES S.L., a Spain-based company dedicated to a fair and sustainable energy transition; PH Plus, a prominent leader in alkaline water production and distribution in the United States; Healthy Grains S.A., a Paraguayan producer and exporter of nutrient-rich Seeds Like Hemp, Chia, and Flaxseed; Favela Bank (FBank), an innovative financial initiative designed to empower Brazil’s favelas by offering tailored services that traditional banks neglect; and Mbombo Investment Group (MIG), a leading Congolese consulting and impact investment firm. These collaborations amplify BGE’s impact, broadening the reach and effectiveness of its sustainable initiatives.