This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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
Paris-area public transport authority le-de-France Mobilits announced that it has raised 1 billion in a new greenbond offering, the first by a public entity to be issued under the European GreenBond (EuGB) Regulation.
The program targets having 30% of its budget financed through greenbonds, and requires at least 37% of spending in Member States’ Recovery and Resilience Plans (RRPs) must be used for sustainable investments and reforms in areas addressing climate change, such as green infrastructure and renewable energy. million tons.
Global energy and electricity provider Iberdrola announced that it has raised 400 million in a new greenbond offering, with the bonds linked to the companys share price, enabling investors to benefit from the performance of its shares. The coupon on the bond was set at 1.5%. billion of greenbonds, 15.6
Comcast Corporation published its 2024GreenBond Report , which outlines the full allocation of proceeds from its inaugural greenbond issued in February 2023. To learn more about Comcast’s full greenbond allocation, please download its 2024GreenBond Report.
Allocations mark another significant step forward in company climate-change strategy PERRYSBURG, Ohio, May 16, 2024 /3BL/ - O-I Glass, Inc. (“O-I launched private GreenBond offerings of $690 million and €600 million, respectively. launched private GreenBond offerings of $690 million and €600 million, respectively.
The government of Australia will issue its first ever greenbond next year, joining the growing ranks of sovereign debt issuers participating in the sustainable finance market to help fund their environmental sustainability initiatives, according to an announcement on Friday by Treasurer Jim Chalmers.
If the forecast is achieved, it would mark the fifth consecutive year of sustainable bond issuance at around the $1 trillion level. By bond type, greenbonds are anticipated to continue to dominate, with Moodys forecasting record issuance in 2025 of $620 billion, up slightly over 2024.
On May 27, 2024, Energy Development Corporation (EDC) listed PHP10 billion Fixed Rate ASEAN GreenBonds, the second tranche of its PHP15 billion ASEAN GreenBonds shelf registration, in the Philippine.
Goldman Sachs Asset Management announced today the launch of the Goldman Sachs Global GreenBond UCITS ETF, a new Article 9 fund tracking a bespoke index developed with Solactive, tracking the performance of investment-grade bonds denominated in G10 currencies.
Global energy and electricity provider Iberdrola announced that its has raised $525 million in a new greenbond issuance through its U.S. Overall, Iberdrola has approximately €23 billion in greenbonds outstanding. network business.
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.
Global issuance of labelled sustainable bonds – including green, social, sustainability, sustainability-linked, and transition bonds – declined sharply in the second quarter of 2024, as fewer new issuers entered the market and issuers contend with regulatory scrutiny, according to a new report released by Moody’s Ratings.
Issuance volumes of green, social, sustainability and sustainability-linked (GSSS) bonds rebounded sharply in Q1 2024 over the prior quarter, rising 36% to $281 billion, up from $207 billion in Q4 2023, according to a new report from Moody’s Investors Service.
In addition to volume growth, S&P also anticipates an expansion in bond types, with a more prominent presence for transition and blue bonds, even as greenbonds continue to dominate. For 2024, the report forecasts GSSSB issuance volumes of $0.95 For 2024, the report forecasts GSSSB issuance volumes of $0.95
Asset managers Head of Fixed Income hopes market expansion will eliminate need for the purely greenbond-focused vehicle within the next decade. Niche to mainstream evolution Storebrand stated that the fund was the first commercial greenbond fund, building on the first ever greenbond issued by the World Bank in 2008.
2024 could prove a landmark year for the long-standing greenbond issuer amid updates to its framework and record issuance volumes on the cards, Jens Hellerup tells Ahren Lester
The volume of greenbond reporting requirements for participants is at "crazy" levels, according to panellists at the Environmental Finance's Sustainable Debt Americas 2024 conference held in New York this morning.
Greenbonds,” “social bonds” and “sustainability bonds” – these labels bring comfort to impact investors. Yet, are all green, social and sustainability bonds fully safe for the forthcoming 30 years? Or a boat that is stable through the waves of future risks?
billion) from a tap of its 2053 sovereign greenbond in an auction to take place next week, marking the start of its 2024 sustainable bond issuance after a record-breaking 2023. The UK will raise £2.5 billion ($3.2
Nordic Investment Bank (NIB) has raised NOK2 billion ($175 million) from its first greenbond of 2025, as the issuer kick-starts its long-standing NIB Environmental Bond (NEB) programme following record issuance in 2024.
Our long-term investment in our people, our properties, and our communities, and implementation of our sustainability program have prepared BXP to navigate an evolving landscape of sustainability objectives, transitionary changes, regulations, and disclosure requirements.
Japan Exchange Group (JPX), owner of the Tokyo Stock Exchange, is exploring the possibility of issuing tokenised greenbonds as a way to raise funds to achieve carbon neutrality across the group. The bond will use blockchain to improve the transparency of data and the efficiency of data collection.
Germany is planning to raise up to €19 billion ($21 billion) from greenbonds in 2024 - a target which, if achieved, would increase the amount the sovereign raises through green issues for the fifth year in a row.
The EU expects to accelerate its greenbond issuance in 2024 following revisions to member states' investment plans, after the massive greenbond programme fell behind its targeted share of total borrowing by the bloc.
The pullback threatens to erode years of progress, which has made Europe the leading market for sustainable funds , greenbonds and other responsible investments, and jeopardizes the capital needed for the EUs ambitious climate goals. Here are the main rollbacks proposed in the initial package.
billion) greenbond persisted after the deal was more than twice oversubscribed by investors, with the German development bank already reaching its 2024greenbond funding target. KfW reported the 'greenium' on its €3 billion ($3.3
France will issue a new 25-year greenbond in "coming days", as it kicks off a potential €15 billion ($16.4 billion) issuance programme for 2024, according to the country's treasury department.
KfW has added biodiversity to its greenbond framework as the German development bank aims to raise up to €13 billion ($14 billion) from its green-labelled issuance in 2024.
billion) from an "extraordinary" greenbond of 2024, which the German development bank said reopens the discussions around the 'greenium' for greenbonds. KfW has raised €4 billion ($4.3
German development bank KfW has raised CNY2 billion ($275 million) from its first Chinese yuan-denominated greenbond deal of 2024, Environmental Finance has learned - consolidating its position as the largest foreign issuer of green notes in this currency.
For 2024, Moody’s forecasts the GSSS market to hold steady at around $950 billion, as increased investment in and adoption of green technologies help the market maintain resilience in the face of an environment of higher-for-longer interest rates and moderating economic growth.
Cumulative greenbond issuance has crossed $3 trillion after a strong start to 2024 for the oldest sustainable bond instrument, with corporates leading the way with its own $1 trillion milestone passed.
Dutch pension fund manager Achmea Investment Management (IM) is set to launch a dedicated corporate greenbond fund by the end of 2024 as the market has matured to be "very similar" to the conventional corporate bond market.
Originally published on bloomberg.com Green finance regulatory developments The 2023 United Nations Climate Change Conference (COP28) galvanized the energy around the global green finance agenda, setting the stage for a busy 2024 of green-related rulemaking and policy guidance for the financial services sector.
Nordic Investment Bank (NIB) is on track for record greenbond issuance in 2024 following the latest deal from the long-standing issuer, with its updated framework also expected in the "coming weeks".
billion) from two significantly oversubscribed greenbond tranches issued through a ground-breaking triple-tranche syndication deal, with expectations of a record-breaking 2024 for total greenbond issuance. Austria has raised €2.5 billion ($2.7
Altius Asset Management (Altius AM) is planning to relaunch its AUD190 million ($125 million) Australian greenbond fund in 2024 amid a "step-up" in interest in the market as the Australian government prepares its own greenbond debut.
The Australian sovereign greenbond framework has included climate adaptation and nature projects among its eligible activities alongside the more familiar climate mitigation projects, as the country moves closer to its mid-2024 market debut.
Aareal Bank is planning to issue its third benchmark-sized greenbond in 2024, after the German property lender updated its green finance framework with new and tightened green building criteria.
This week in ESG news: IBM study shatters “myth” that ESG harms profitability; PwC boosts nature and biodiversity capabilities; Starbucks certifies 3,500 environmentally sustainable stores; Hong Kong to require all issuers to report on climate; EU lawmakers adopt rules tackling deforestation in supply chains; Schneider Electric launches (..)
The new financing follows the company’s announcement in 2021 of plans for its financing structure to have an increasingly higher percentage of green and sustainable products, estimated to account for nearly two-thirds of its debt by 2025. Iberdrola said that it expects to update its investment plan in March 2024.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content