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billion) in greenbonds, with proceeds aimed at financing green projects at the company including renewable energy and decarbonization solutions. Equinix issued its updated Green Finance Framework earlier this year, detailing eligible use of proceeds from greenbond offerings. billion (USD$1.21
DESCRIPTION: November 16, 2022 /3BL Media/ - Lenovo Group (HKSE: 992) (ADR: LNVGY) is pleased to report that its greenbond has been included in the Bloomberg MSCI GreenBond Index, one of the most important global benchmarks for institutional Environmental, Social, Governance (ESG) funds. SOURCE: Lenovo.
In a survey of 200 European and North American fund managers with social and environmental exclusions, 37% of funds reported having a nuclear energy screen in 2022, down from 43% in 2021. With this in mind, nuclear greenbonds promise to help fund decades of net-zero energy for the public and years of clean financial returns for investors.
billion) in its inaugural greenbond offering, kicking off a multi-year program aimed at raising up to S$35 billion to fund the country’s sustainable transition strategy. The offering of the August 2022bonds was met with strong demand, with the S$2.4 The Singapore Government announced today that it has raised $2.4
The Government of Canada announced that it has completed the issuance of a C$4 billion greenbond, the country’s second, and the first by a sovereign issuer to include nuclear energy expenditures as an eligible use for proceeds.
Lawmakers in the European Parliament and the European Council announced today an agreement on the creation of standards for proposed European GreenBonds (EuGB), as well as voluntary disclosure guidelines for greenbond issuers aimed at preventing greenwashing in the sustainable bond market.
The Government of India will issue its first-ever greenbond this month, according to an announcement by the Reserve Bank of India, with plans to raise approximately US$2 billion to support green infrastructure projects aimed at reducing the carbon intensity of the economy. Last week, the government of Hong Kong raised US$5.8
The Government of Hong Kong announced today the completion of a greenbond issuance, raising $5.75 billion in a triple-currency offering, with bonds denominated in US dollars, Euros and Renminbi (RMB). According to the Hong Kong Monetary Authority, the offering marks the largest ESG bond issuance in Asia to date.
The Government of India’s first ever issuance of greenbonds met strong demand, with orders exceeding the offering size by more than 4 times, earning the bonds a 5-6 basis point “greenium,” or a favorable yield spread relative to similar issues lacking green credentials, according to results released by the Reserve Bank of India (RBI).
The Government of Canada announced that it will issue its second greenbond this week, aimed at unlocking financing to accelerate green infrastructure and nature conservation projects, and supporting the achievement of the country’s climate goals.
The Council of the European Union announced today the adoption of a regulation creating a new European GreenBond Standard, marking the last major step for the establishment of a new European GreenBonds (EuGB) label, aimed at fighting greenwashing and helping advance the sustainable finance market in the EU.
Lawmakers in the European Parliament voted 418-79 on Thursday to approve the adoption of a new European GreenBond (EuGB) label, aimed at fighting greenwashing and providing investors with confidence that their investments are being appropriately directed towards financing sustainable business activities and technologies.
Automotive giant General Motors (GM) announced the launch of its first greenbond offering, pricing $2.25 On an analyst conference call last week discussing the company’s Q2 2022 results, GM CFO Paul Jacobson said that the new framework “will unlock options to help us align our balance sheet with our ESG strategy.”.
Linklaters forecasts record year for greenbonds, while SLB issuance suffers Q2 slowdown. Investor demand for green, social, sustainability, sustainability-linked and transition bonds (GSS+) has surged in H1 2023, with regulatory developments bringing greater transparency and confidence to the market.
Impakter EU GreenBond Deal: Sustainable Gold Standard or Unrealistic? In what’s being labelled a “landmark’’ moment for sustainable finance, EU negotiators last week finally announced the agreement of a provisional deal establishing a gold standard for European greenbonds (EuGB). appeared first on Impakter.
Information and communication technology company Ericsson announced today the completion of its inaugural greenbond issuance, raising €500 million to investments in energy efficiency initiatives.
Switzerland is planning to issue its first sovereign greenbond later in 2022 after identifying CHF4.5 billion) in eligible green expenditures. billion ($4.7
In response, Kenya and other African pioneers are exploring alternative financing mechanisms such as greenbonds and debt-for-nature swaps. trillion in community greenbonds in 2022, according to the African Development Bank Group. Europe alone issued more than $100 billion in greenbonds that year.
Most sustainable investments: Iberdrola Called the “Exxon of green power” by The New York Times, Spanish electricity company Iberdrola led all other Global 100 companies in terms of sustainable investments in 2022. billion into green assets, such as renewable energy and EV charging, as well as energy storage and hydrogen production.
Issuance volumes of green, social, sustainability and sustainability-linked (GSSS) bonds rebounded strongly in Q1 2023, resuming double-digit growth trends after falling 18% in 2022, according to a new report from Moody’s Investors Service. was particularly slow in the quarter, falling to $9 billion from $17 billion in Q1 2022.
City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2022, its fifteenth sustainability report since 2008. Leveraging Green Finance to Accelerate Low-Carbon Solutions. In April 2021, its South Beach Consortium joint venture (JV) secured a five-year green loan totalling S$1.22 196300316Z).
The database simplifies sustainable investing with an intuitive, easy-to- use solution that allows investors to discover, compile and compare sustainable bonds as well as generate impact reports. In 2022, we launched functionalities that report on the EU taxonomy alignment of projects financed by issuers’ green and sustainable bonds.
The new goal was announced alongside the release of Verizon’s 2023 GreenBond Impact Report, which indicated that the company has fully allocated the $1 billion of proceeds from its most recent greenbond issuance in March 2022. The 2022greenbond offering was the fourth from Verizon.
Leadership Commitment: “With 2022 marking the 70th anniversary of NBK's founding, this year was a time of celebration and reflection on our progress, accomplishments, and strategic growth over the past 7 decades. Our 2022 Sustainability Report is organized based on the four pillars of NBK’s evolved ESG Strategy Framework.
trillion in 2022. An interesting ongoing trend is the growth of greenbonds. In 2022, greenbond issues accounted for more than half of all sustainable bonds issued in the same year (58%, $487.1 over issuances in the same period of 2022, arriving at $351.9
City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2022, its fifteenth sustainability report since 2008. Leveraging Green Finance to Accelerate Low-Carbon Solutions. In April 2021, its South Beach Consortium joint venture (JV) secured a five-year green loan totalling S$1.22
The IEEFA’s Christina Ng says China’s state-owned enterprises continue to allocate up to half of their greenbond proceeds to non-green projects. . China’s ambition to green its financial market has been making significant progress. SOEs accounted for about half the onshore green issuances from 2019 to 2022.
David Zahn , Head of Sustainable Fixed Income at Franklin Templeton , says new standards and innovations are expanding the supply of greenbonds to meet increased investor demand. Investor demand for green, social, sustainability-linked and transition bonds (GSS+) continues to rise rapidly, outstripping supply.
Despite macroeconomic headwinds, GSS+ issuance maintains pace with overall bond market, reports Climate Bonds Initiative. The cumulative figure was described as “a huge milestone” in the latest quarterly update from Climate Bonds Initiative (CBI), which administers the Climate Bonds Standard and Certification Scheme.
Framework sets out how government will issue and manage sovereign greenbond issuances. Singapore’s Ministry of Finance and the Monetary Authority of Singapore (MAS) have published a new governance framework for sovereign greenbonds, announcing plans to issue the first such bonds in the “coming months”.
Sustainable bond issuance outperformed the broader market in the second quarter of 2022, reaching a record 15% of global total issuance, according to a new report from Moody’s ESG Solutions. Moody’s maintained its forecast for stronger GSSS volumes in the second half of the year, and its $1 trillion full year estimate.
So how long will it be until crypto earns its green credentials? Green investments are assets like bonds that pay for projects with positive environmental and social outcomes. In fact, in 2022, the cryptocurrency Ethereum transitioned from POW to POS, reducing its energy consumption by nearly 100%.
Walmart announced the release of its first GreenBond Impact Report, indicating that the company has allocated $1.1 billion in greenbond proceeds, with top investment areas including renewable energy, sustainable buildings, and waste reduction and circular economy initiatives.
France is preparing to raise €11 billion ($12 billion) from sovereign greenbonds in 2023, representing a €1 billion boost to the 2022 total from the major issuer
billion) from greenbonds in 2023, after the German development bank reached a $65 billion cumulative issuance total in 2022. KfW plans to raise a further €10 billion ($10.6
Greenbonds continued to account for the majority of sustainable bond issuance at $146 billion for the quarter. Greenbond volumes were down 12% year-over-year in the first half of 2024, driven by a sharp decline in Asia Pacific issuance.
For its new report, “2022: Sizing the Impact Investing Market,” the GIIN screened and analyzed data from over 3,000 public and private market asset owners and managers. The report highlights some of the key drivers of the impact investing market’s momentum, including the rapid growth of the greenbond market.
The Climate Bonds Initiative (CBI) has predicted a "stellar" year for greenbond issuance in 2023 after more than a decade of annual growth was halted in 2022,
In addition to a AAA rating on MSCI’s ESG index, Lenovo was included on Bloomberg MSCI GreenBond Index in October 2022. MSCI is an index used by many financial decision-makers around the world. Read Lenovo’s most recent ESG Report for more information on the latest environment, social and governance initiatives.
Issuances of green, social, sustainability and sustainability-linked (GSSS) bonds fell in the third quarter of 2022, but continued to remain more resilient than the broader bond market, growing to a record 16% share of the market in the quarter, according to a new report from Moody’s Investors Service.
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