DEG has strengthened its partnership with Vinte Viviendas Integrales, S.A.B. de C.V. (Vinte) by investing in sustainable housing projects in Mexico. As the anchor investor for Vinte's latest SDG bond, DEG has subscribed to MXN 400 million (approximately USD 20 million) of the total MXN 500 million bond. This bond is certified under the SDG Impact Standards for Bond Issuers by the United Nations Development Programme (UNDP). The funds will be used for environmentally-friendly and socially-oriented construction projects, supporting Sustainable Development Goal 11 – Sustainable Cities and Communities.
The investment will fund the construction and certification of over 1,200 homes that meet IFC EDGE standards for energy and water efficiency. The IFC EDGE certification system, developed by the World Bank Group, encourages energy-efficient building practices and aims to reduce CO₂ emissions in construction. Pilar Montanes Rumayor, Senior Investment Manager at DEG, stated: “Mexico requires higher-quality, affordable and sustainable housing. With this bond we are supporting Vinte in developing sustainable housing projects as part of an integrated community approach and thus providing significant impetus for climate protection and social development in Mexico.”
The initiative is projected to generate approximately 3,300 direct and indirect jobs throughout the value chain. External experts will verify compliance with sustainability and environmental standards.
DEG has been working with Vinte since 2012. This investment aims to address Mexico's housing shortage while promoting sustainable communities.