- IFC’s first-ever green building loan in Chile and globally within the Santander Group.
- $100M investment includes performance-based incentives tied to EDGE-certified green building projects.
- Strengthens climate-aligned finance capacity in Chile’s construction sector through advisory and innovation support.
The International Finance Corporation (IFC), part of the World Bank Group, has committed a US$100 million loan to Santander Chile to fund energy-efficient and environmentally sustainable building projects. This marks a double milestone: IFC’s first green loan for buildings in Chile and the first such agreement with any Santander Group entity worldwide.
“This investment marks an important milestone for WBG in Chile, and we are proud to achieve it with a long-standing partner like Santander,” said Jean-Marc Arbogast, Country Manager for WBG Chile.
The deal is structured with a sustainability-linked incentive, rewarding Santander Chile if it meets key performance indicators (KPIs) related to the development of projects aligned with the EDGE (Excellence in Design for Greater Efficiencies) green building standard.
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Soledad Ramírez, Head of Sustainability at Banco Santander, emphasized the financial sector’s pivotal role in climate transition:
“The financial industry plays a key role in facilitating the transition and development of a sustainable, low-carbon economy… That is why agreements like the one signed with IFC are fundamental to advance in this direction.”
To ensure successful implementation, IFC provided technical and advisory support, including capacity building, innovation integration, and project structuring assistance. This guidance enabled Santander Chile to identify green financing opportunities and help clients achieve EDGE certification, ultimately reinforcing sustainability in the country’s construction sector.
By leveraging partnerships with influential financial institutions, IFC aims to scale green finance, reduce carbon emissions, and strengthen Chile’s climate resilience.
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