Best Sustainable Finance Lawyers in Bogotá

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Chavarro Nieto L&S
Bogotá, Colombia

Founded in 2011
5 people in their team
English
Spanish
Boutique firm of legal and financial services: legal and financial advice for natural and/or legal persons.Technical-legal advice in the field of insurance and risk analysis.Consultancy and advice in civil and commercial matters. • Alternative dispute resolution. • Litigation in civil...
Grupo Devoument Abogados
Bogotá, Colombia

Founded in 1994
12 people in their team
English
Spanish
French
Devoument Group Lawyers – Global – is a firm of legal advisors specializing in the protection of family and business assets since 1994. Led since its founding by the renowned and prestigious attorney Dr. Carlos Enrique Cárdenas Sierra, a law graduate from Sergio Arboleda University in Bogotá...
Legal Walkers
Bogotá, Colombia

Founded in 2019
5 people in their team
English
Italian
Spanish
We are a specialized law firm composed by highly-educated lawyers prepared to offer high quality professional services. Our services are provided tailored to the client, with a price within the reach of their payment capabilities.New technologies are our best allies. We are one of a few number...
AS SEEN ON

About Sustainable Finance Law in Bogotá, Colombia

Sustainable finance is an emerging area in Bogotá, Colombia, that integrates environmental, social, and governance (ESG) considerations into financial decision making. The city, as Colombia’s economic hub, is at the forefront of adopting financial practices that contribute to sustainable development and environmental protection. Both public and private entities are increasingly participating in initiatives aimed at supporting green bonds, responsible investment, climate financing, and transparent reporting standards to ensure long-term economic viability while addressing climate and social challenges.

Why You May Need a Lawyer

Navigating sustainable finance can be complex, especially as it involves compliance with evolving regulations and standards. A lawyer specializing in sustainable finance in Bogotá can help with:

  • Structuring green bonds and sustainable investment products
  • Ensuring compliance with local and international ESG reporting requirements
  • Advising on risks, due diligence, and disclosure obligations
  • Negotiating contracts, partnerships, and joint ventures under ESG criteria
  • Assisting with government incentives, grants, and approvals for green projects
  • Resolving disputes involving sustainable finance agreements
  • Guiding sustainable infrastructure or energy project financing

Legal support ensures that your initiatives are both legally compliant and impactful in generating positive environmental and social outcomes.

Local Laws Overview

Sustainable finance in Bogotá operates within a framework of both national and municipal regulations. Key aspects include:

  • Law 1715 of 2014: Focuses on promoting non-conventional renewable energy and energy efficiency. It encourages sustainable financing and investment in renewable energy projects.
  • Financial Superintendence Guidelines (SFC): Set rules for disclosure, reporting, and management of ESG risks in financial institutions. These are being aligned with international standards such as those set by the Task Force on Climate-related Financial Disclosures (TCFD).
  • Green Bond Principles: Colombia is integrating international frameworks for green and social bonds in the local capital market, supported by Bolsa de Valores de Colombia (BVC).
  • Government Incentives: Government authorities provide fiscal benefits and financing programs for sustainable projects in energy, transport, construction, and agriculture.
  • Environmental Licensing and Permits: Projects in Bogotá often require environmental impact assessments and approvals from local authorities, integrating these into financing processes.
  • ESG Due Diligence: More entities are required to implement policies that identify and mitigate negative social and environmental impacts.

Frequently Asked Questions

What is sustainable finance?

Sustainable finance refers to financial practices that take into account environmental, social, and governance factors when investing, lending, or financing projects, aiming for responsible growth that supports sustainable development.

How is sustainable finance regulated in Bogotá, Colombia?

It is regulated by national laws, such as Law 1715, and rules set by the Financial Superintendence and local authorities. International standards are also being adopted in local frameworks.

What types of financial products are available for sustainable projects?

Common products include green bonds, social bonds, sustainability-linked loans, and ESG funds, often with incentives or terms that reward positive environmental and social outcomes.

Who can issue green bonds in Bogotá?

Both public and private sector entities, such as companies, financial institutions, and municipal governments, can issue green bonds following set procedures and disclosure requirements.

What legal requirements must be met for a green bond issuance?

Issuers must detail the use of proceeds for green projects, meet reporting and transparency standards, and sometimes obtain third-party certification or verification.

Are there legal consequences for failing to comply with ESG disclosure?

Yes, non-compliance can lead to regulatory sanctions, financial penalties, and reputational damage, especially for listed companies and financial institutions.

Can foreign investors participate in sustainable finance in Bogotá?

Yes, foreign investors can buy green bonds and invest in sustainable projects, provided they comply with local regulations and reporting standards.

What incentives exist for sustainable projects?

Incentives include tax benefits, grants, and access to preferential credit lines offered by government agencies and international organizations for qualifying projects.

When does a sustainable finance deal require environmental permits?

When the financing will be used for activities that impact the environment, such as infrastructure or energy, environmental licenses and permits are required as part of the approval process.

How can a sustainable finance lawyer help with due diligence?

A lawyer can assist in identifying regulatory risks, verifying compliance with ESG criteria, reviewing contracts for sustainability provisions, and guiding accurate disclosure to investors.

Additional Resources

Several resources and organizations can help those seeking guidance in sustainable finance in Bogotá:

  • Superintendencia Financiera de Colombia: Regulates and supervises financial institutions, provides guidelines on ESG disclosures and green finance.
  • Ministerio de Hacienda y Crédito Público: Oversees fiscal and financial sector policies, including sustainable finance incentives.
  • Bolsa de Valores de Colombia (BVC): Offers frameworks for issuing green and social bonds on the Colombian stock exchange.
  • Asobancaria: The bankers’ association disseminates best practices and updates regarding sustainable banking and finance.
  • Agencia Nacional de Licencias Ambientales (ANLA): Handles environmental permits and approvals for large projects.
  • International Finance Corporation (IFC): Provides technical assistance and resources for sustainable investing in Colombia.

Next Steps

If you require legal assistance with sustainable finance in Bogotá, Colombia:

  • Collect relevant project or transaction documents and descriptions.
  • Research local law firms or legal professionals with experience in sustainable finance, green bonds, or ESG compliance.
  • Schedule an initial consultation to discuss your objectives and legal needs.
  • Ask about the scope of services, fees, and expected timelines.
  • Work with your lawyer to ensure full compliance with local and international sustainable finance laws and standards.

Taking these steps will help you manage legal risks and take advantage of opportunities in the growing field of sustainable finance in Bogotá.

Lawzana helps you find the best lawyers and law firms in Bogotá through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Sustainable Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Bogotá, Colombia - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.