BlueGrace Energy Bolivia (BGE), a leading energy firm in Latin America, has unveiled a series of ambitious initiatives aimed at aligning finance, environmental sustainability, and ethical practices with the United Nations Sustainable Development Goals (SDGs). Announced by CEO Julio José Montenegro, the initiatives mark BGE’s push towards integrating sustainable practices across multiple sectors in Latin America, with new ventures in sustainable finance, green mining, and plant-based foods.
Sustainable Finance Partnership
In collaboration with NIBank Ltd., a financial institution in Antigua and Barbuda, BGE has established a new mechanism for selling SDG bonds aimed at funding forestry and natural capital projects. NIBank will serve as a financial intermediary, providing services as a guarantor, payment agent, and collection agent to ensure secure fund management. This partnership employs Article 6 of the Kyoto Protocol through Joint Implementation (JI), enabling investment in emissions-reduction projects across borders. By fostering transparency and financial integrity, BGE aims to deliver tangible environmental outcomes in line with global climate targets.
Further enhancing its commitment to responsible investment, BGE has received approval for ISIN UK.BG.MAX 785.985257. This unique investment structure, developed with London-based firm MAXIMANCE 2030 LTD, supports forest conservation projects. Together, these efforts underscore BGE’s dedication to a sustainable financial framework, creating investment opportunities that adhere to rigorous due diligence and responsible carbon credit issuance.
Green Mining with Arco de Oro SAC
In another strategic move, BGE has acquired a stake in the Peruvian mining company Compañía Minera Arco de Oro SAC, embracing environmentally responsible mining practices. The venture, based in Peru, aims to set a new standard in the mining sector by integrating clean technologies and issuing Green Certificate Bonds to fund operations. The Arco de Oro project also prioritises local community engagement and ecosystem restoration, aligning closely with SDG objectives for ecological preservation. CEO Julio Montenegro believes this partnership could redefine mining standards in the region, showing that financial gain can coexist with environmental protection and social responsibility.
Investing in Vegan Food Production
BGE is also expanding into the ethical food sector with its investment in Frigorificos Kobefoods (FKF), a vegan food manufacturer based in Lima, Peru. Since its inception in 2020, FKF has produced a range of plant-based products, including vegan burgers, salami, sausages, and cheeses, and is certified by PGH, HACCP, KOSHER, and the FDA. With a production facility in Tacna, FKF prioritises non-GMO ingredients and sustainable production processes. This collaboration allows BGE to support ethical food options that reduce environmental impact and support the growing demand for vegan products across South America. FKF’s rapid growth positions it as a leader in the region’s plant-based market.
Expanded Partnerships Across Sectors
Beyond these new projects, BGE has forged strategic alliances with various private and public entities to extend its sustainability footprint. Collaborations include MAXIMANCE 2030 LTD, focusing on the circular economy; Axiom Life and Health Inc., which offers healthcare solutions in Canada; and APRISCO ENERGY INDUSTRIES S.L., promoting fair energy transitions in Spain. Further partnerships with firms like Paraguay’s Healthy Grains S.A., the US-based PH Plus, and the Brazilian Favela Bank illustrate BGE’s commitment to broadening its sustainable initiatives and supporting diverse communities.
Through these comprehensive efforts, BlueGrace Energy Bolivia aims to lead the charge in sustainable growth across Latin America, advancing a holistic approach to finance, environmental responsibility, and ethical consumerism. Learn more at https://bluegracebolivia.com.