Uruguay consolidates its leadership in sustainable finance with ESG rating of all its funds managed by CAF-AM

This week the ESG rating reports, issued by FixScr, were released for the following funds CAF-AM Uruguay II y CAF-AM Ferrocarril Central, both managed by CAF-AM Uruguay. These new evaluations are in addition to the one already obtained by the Fondo de Deuda para Infraestructura en Uruguay CAF I (CAF-AM Uruguay I), thus reaching a new milestone for CAF-AM's operation in the country: all funds deployed in Uruguay now have a formal ESG rating.

This achievement responds directly to the institutional mandate to ensure that investments managed in the country integrate a strategic and systematic look at environmental, social and governance (ESG)criteria. This also ratifies CAF-AM's commitment to a sustainable investment agenda, aligned with the principles of responsible finance and the Sustainable Development Goals (SDGs).

The ESG 1 (UY) ratings obtained by the three funds represent the highest category awarded by FixScr. This recognition not only validates the technical quality of the ESG analysis incorporated in the origination and management of these investment vehicles, but also highlights the positive impact that their underlying assets generate in the territories where they are implemented.

A comprehensive policy at the service of sustainability

CAF-AM has been consolidating a robust ESG policy that permeates all stages of the investment cycle. From the identification of opportunities, through the structuring of funds and the execution of investments, to their monitoring and closure, each decision is made considering their impact on the environment, communities and corporate governance practices.

In the case of Uruguay, this policy is translated into a concrete practice: all operational funds have been evaluated under specific and external methodologies, allowing institutional investors to have transparent, comparable and third-party validated information. The adoption of ESG ratings is part of a larger strategy that seeks not only to minimize non-financial risks, but also to catalyze a structural change in the way infrastructure investment is conceived.

The Uruguayan experience: a benchmark for the region

Uruguay has been a key country in the consolidation of the CAF-AM model, not only for being the first to deploy structured funds under private investment schemes in infrastructure debt, but also for its institutional and regulatory openness to ESG principles. The funds managed by CAF-AM in Uruguay finance assets such as roads, educational infrastructure and railroads that contribute directly to connectivity, transportation efficiency and emissions reduction.

Transparency, impact and responsible management

Having a high-level ESG rating implies not only meeting certain technical thresholds, but also demonstrating an ongoing commitment to process improvement, active monitoring of social and environmental indicators, and a willingness to adapt to new demands from international financial markets.

In a context where investors are increasingly demanding assurances about the sustainability of the projects in which they participate, having this validation by an independent agency is a clear sign of credibility. ESG ratings are not only a reporting tool, but a central element in the value architecture that CAF-AM proposes for the development of infrastructure with positive impact.

With this milestone, CAF-AM reaffirms its role as a pioneering player in the design and management of sustainable investment vehicles, while continuing to strengthen its regional commitment to an infrastructure vision that combines financial profitability with socio-environmental responsibility, in line with its mandate as the fund structuring arm of CAF - development bank of Latin America and the Caribbean.