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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
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
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.
Others suggested taking inspiration from the greenbond markets to develop European defence bond frameworks for funding projects of high strategic importance to European sovereignty. The first outcome, announced this week , will be the launch of the first London-listed CNY-denominated sovereign greenbond later this year.
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. CSDDD reporting timelines will also be moved from 2026 to 2028.
South Korea is planning to issue a greenbond in 2026 following investor engagement, according to a senior government official - five years after the sovereign was last active in the market.
Fixed income securities linked to environmental and social projects could make up half of all new bond issuance in Europe by 2026, according to new research. trillion in new issuance in Europe, based on a survey of 100 investors and 100 bond issuers. As much as €1.6 The report forecasts between €1.4 trillion and €1.6
Corporate interest in sustainability-linked loans has grown rapidly, as the financing provides flexibility to use proceeds for general corporate purposes, while with instruments such as greenbonds, raised funds can only be allocated to specific categories of green projects.
The extension will see $6 million more invested through 2026, initially in the Dominican Republic, Ecuador and Guatemala. A little over a year ago we issued our first greenbond. It was a $1 billion greenbond. We will go another five years through 2026. It's a nearly $6 million investment.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Walmart Hits Goal to Reduce 1 Billion Tons of Supply Chain Emissions 6 Years Ahead of 2030 Target Microsoft Signs Deal to Remove 350,000 Tonnes of Carbon Through Agroforestry Rio Tinto Signs Australia’s Largest-Ever (..)
Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals Private Equity & Venture Capital Carbon Accounting and Management Startup Greenly Raises $52 Million Fullerton Fund Management Raises $100 Million for Decarbonization Opportunities-Focused Private Equity Fund KKR Acquires Majority Stake in U.S.
The data collection will be carried out for the first time in 2024 and only at larger institutions (supervisory categories 1 to 3) Australian Treasury launches greenbond framework The Australian Office of Financial Management and federal Treasury issued Australia’s GreenBond Framework.
Singapore also recently issued its first greenbond , kicking off a multi-year program aimed at raising up to S$35 billion to fund the country’s sustainable transition strategy. Other initiatives highlighted by the Deputy PM included raising the carbon tax and new public sector commitments.
Green finance – typically global bond, loans, and other long-term markets – has reached almost US$2 trillion in volume. Annual greenbond issuance broke through the half trillion mark for the first time, ending 2021 at US$522.7 billion, a 75% increase on prior year volumes, according to the Climate Bonds Initiative.
But a sector-wide power grab seems likely, within the context of wider demand trends , with the International Energy Agency forecasting data centres will double their energy needs to 800 terrawatts by 2026, fuelled by both cryptocurrencies and AI.
The firm claims it is on track to using more than 50% certified renewable resin by 2026, on the path to being fossil fuel-free by 2032. This oversupply may be curbed by production limits in the UN’s planned plastics treaty , but for now Lego is paying a 40-60% premium to suppliers.
But on top of this have even more countries gone in the direction of establishing Taxonomies, which supports both identification of green companies, but even more importantly also can raise capital to green sub-projects within companies via greenbonds.
The charity aims to grow its impact allocation to £100 million by the end of 2026. “As The foundation will explore global opportunities and emerging investments in sectors including food and nutrition, community and infrastructure, and employment and training.
Sustainable fuel producer Neste announced that it has raised 700 million (USD$765 million) in a greenbond offering, with proceeds aimed at supporting the expansion of its Rotterdam refinery, set to become the largest renewable diesel and sustainable aviation fuel (SAF) facility in the world, according to the company.
In related news, NatWest Group issued this week the first bond by a UK bank dedicated to financing and re-financing electric vehicles (EV), raising net proceeds of €750 million (US$811.4 The EV GreenBond originated from the group’s asset finance arm – Lombard.
That said, its not clear whether such a law could pass in the next two years, when the 2026 mid-term elections are expected to turn against the Republicans. Expect the Republican-controlled Congress to also weigh in, proposing legislation that would give corporations broad powers to reject shareholder proposals. Climate disclosure.
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