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degree Celsius pathway, joining NetZero Asset Managers Initiative. Our netzero strategy addresses both the corporate and investment levels. It reemphasizes our commitment to ensuring that our people and portfolios all work together to achieve critical climate goals.”. SOURCE: AllianceBernstein.
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.
The Swiss government announced the completion of its inaugural greenbond issuance, raising CHF766 million ($USD766 million) to fund expenditures supporting its environmental goals in areas including clean transportation and biodiversity. billion of green expenditures, which will be partly funded by the new greenbond.
The Government of India announced the release of its Sovereign GreenBonds framework, in preparation for the country’s inaugural issuance of greenbonds to finance renewable energy, clean transport, sustainable water, and other environmental sustainability projects.
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 2022 bonds was met with strong demand, with the S$2.4 Billion in Inaugural GreenBond Offering appeared first on ESG Today.
Tokyo-based banking and financial services company Mizuho announced today an €800 greenbond issuance, its largest to date, and the largest euro-denominated greenbond issued by a financial institution. The post Mizuho Issues €800 Million GreenBond to Finance Environmental Projects appeared first on ESG Today.
The Government of Singapore will launch its first greenbond offering this week, kicking off a S$35 billion (US$25 billion) multi-year greenbond program with an inaugural issuance of at least S$1.5 The government has stated that it is aiming to issue up to S$35 billion of sovereign and public sector greenbonds by 2030.
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 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
Ahead of COP29, report calls for systemic risks of climatechange to be viewed through both real economy and financial sector lens. Climate-related systemic risk will not be properly reflected by financial markets until governments ensure both real economy and financial sector policies support climate alignment, recent research suggests.
We must look to the future by enabling an economy-wide transition to net-zero; and focus on the present by helping society to adapt and become more resilient to climate risks. This will help to mobilize the capital required to enable the net-zero transition.
Among the key priorities outlined by the HKMA’s new agenda include directives for banks to reach netzero financed emissions by 2050 and to provide disclosures on climate risks and opportunities, and for the HKMA to incentivize sustainable finance innovation and to provide sustainable-financed training programs for finance professionals.
With ESG gaining more attention and more companies committing to reaching net-zero emissions in the coming decades or otherwise pledging to do better by people and the planet, it’s inevitable that the next generation of professionals in the field will define the future of sustainable finance. Deonna Anderson. Mon, 05/10/2021 - 01:30.
Multi-stakeholder dialogue seen as essential in unlocking capital for netzero solutions, as GSIA calls for development of national transition plans. An NTP would integrate a country’s existing NDC and other existing plans to form a coherent strategic response to climatechange. C temperature pathway.
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.
Change is already underway within the fossil fuel industry, as developments in the Netherlands, United States and Australia indicate. South Pole can help you navigate the existing framework as well as the new netzero guidance (FINZ) which will replace it in Q4 2023. However, greater action is required to fully realise this.
DESCRIPTION: Talk of progression and urgent solutions reverberated throughout the COP27 crowd, during the long-drawn-out summit, as leaders made a desperate bid to clinch climate deals. They have developed new innovations to build on products, such as greenbonds and sustainability-linked loans, with new nature-based ideas added to the mix.
We’ve seen significant changes in public investor expectations on climatechange over the last two years,” says Emily Foshag, portfolio manager at Principal ®. Net-zero carbon goals are now expected, and the emphasis is on what companies are doing to get there.”. Continuing growth for sustainability bonds.
One of 44 global signatories to pledge to WorldGBC’s NetZero Carbon Buildings Commitment covering a whole life carbon emissions approach . As one of Singapore’s pioneers in real estate and green buildings, we have been proactively aligning our business with global and national goals to mitigate the negative impact of climatechange.
The number of companies proclaiming their intent to go net-zero by 2050 has expanded exponentially in the past 12 months, but the ones short-cutting that commitment by a decade are a rarer breed. Did that experience influence the final shape of the climate goals? What can they do to mitigate climatechange?
Investing more capital with an intentional focus to generate positive impact is required right now if we truly want to meet the UN Sustainable Development Goals by 2030 and achieve netzero emissions by 2050.”. The GIIN report was produced with financial support from investment manager Nuveen.
to Fund Clean Energy Buildout EdgeConneX Secures $1.9 Billion in Financing Tied to Sustainability Goals Private Equity & Venture Capital Fintech Startup Unwritten Raises $3.5 to Fund Clean Energy Buildout EdgeConneX Secures $1.9
According to Phoenix, the new solution will invest in current and future climatechange leaders, and companies pursuing a netzero decarbonization strategy, while aiming to meet the long-term investment objectives for with-profits customers through a balanced portfolio of equity and credit.
DESCRIPTION: One of 44 global signatories to pledge to WorldGBC’s NetZero Carbon Buildings Commitment covering a whole life carbon emissions approach. Decarbonising and Innovating towards a NetZero Future. Leveraging Green Finance to Accelerate Low-Carbon Solutions. SOURCE: 3BL Alerts.
Singapore plans to submit a more ambitious emissions reduction goal at the upcoming COP27 climate conference in November, according to Deputy Prime Minister Lawrence Wong, as part of a strengthened commitment to achieve netzero by 2050. Wong said: “As you can see, our netzero path is not an easy one.
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.
Originally published on bloomberg.com Green finance regulatory developments The 2023 United Nations ClimateChange 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.
trillion in AUM, has launched the L&G NetZero Global Corporate Bond Fund. Targeting British and European institutional investors and wealth managers, the fund aims to deliver long term returns, netzero carbon emissions and improved ESG outcomes. Legal and General Investment Management (LGIM) , which has £1.42
The NetZero on Campus: From Principles to Action initiative, a collaborative effort between SDSN, the Climateworks Centre, and Monash University, aims to facilitate the sharing of lessons and resources to accelerate the decarbonization of university campuses around the world.
Lenovo supports a science-based approach to mitigating the impacts of climatechange and is SBTi to ensure credibility in their work to mitigate climatechange. SBTi created the first ever science-based Net-Zero Standard for emissions reduction, to establish meaningful goals to measure the journey towards net-zero.
Urgent Corporate Action on Deforestation Needed to Meet Climate Goals: Report. Global Real Estate Investor Hines Targets NetZero from Buildings Without Offsets. Supreme Court Decision a Big Setback for US Climate Strategy. Climate Watchdog Warns of “Major Risks” of UK Missing NetZero Goals.
DESCRIPTION: The United Nations Glasgow ClimateChange Conference, also known as COP26, concluded in November with 200 nations signing the Glasgow Climate Pact (GCP), an agreement that could accelerate climate action and drive big carbon cuts. SOURCE: AllianceBernstein. The problem? It’s hard to say.
We began reporting progress on our climate journey in 2010 by adding a section in our Corporate Social Responsibility (CSR) report and responding to the Carbon Disclosure Project (CDP) climatechange questionnaire. financial institution with under $250 billion in assets to issue an ESG bond of any type.
When global leaders gathered at COP26 last year, governments pledged ambitious 2030 emissions reduction targets to achieve netzero by 2050. An ideological shift demanded that addressing the impact of climatechange be a holistic global effort across both the public and private sectors as codified by Article 6 of the agreement.
Yet change is urgently needed to make our food system work for this and subsequent generations. By focusing our minds, technology and cooperative efforts on challenges such as climatechange, malnutrition and poverty, we can re-create our food system to support healthy people, a healthy planet and healthy livelihoods.
As one of the global insurance leaders in combatting the biggest challenge of our century – climatechange, we certainly have an important role to play and are honored to be the first insurer joining the Coalition to amplify our impact with like-minded partners.”. billion to support sustainable forest management.
Zero incidents of Corruption, Fraud, Money Laundering and Bribery. Received solid first-time score of ‘C’ from CDP, for both the ClimateChange and Forest categories. NetZero Ambitions: 25% targeted reduction of gross operational emissions by 2025, compared to our baseline year 2021.
Biodiversity’s bond boom – Demand for sovereign debt is already soaring this year on expectations of falling interest rates, with France already benefiting from a twelve-fold oversubscription to its fourth greenbond earlier this week. billion over four issues.
The toolkit includes a Climate Justice Reflection Challenge, glossary, and calls to action. ClimateChange 4. With new pressure to act on climatechange, NBS members want to know how to get to netzero throughout operations. Get Started: How to Be a NetZero Company offers guidance (with a video).
Mandatory EU GreenBond Standard risks slowing issuance, but voluntary approach can still drive Taxonomy-aligned volumes. On the face of it, the market for greenbonds is heading in the right direction, and fast.
Australia and New Zealand have reached an agreement to tackle climatechange that will see them collaborate alongside other Pacific countries to ensure the “resilience and prosperity” of the region.
The 2025 deadline for submitting new nationally determined contributions opens the door for sovereign debtholders to push for credible netzero transition plans. At this year’s COP29 in Azerbaijan, the governments of developed countries will be required to establish a new climate finance goal.
Even after the 26th United Nations ClimateChange Conference of the Parties (COP26) came to a close last November, the ESG landscape still remains unclear. This may entail extensive policy, legal, technology and market changes to address mitigation and adaptation requirements related to climatechange.
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