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
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.
Provincially owned Ontario Power Generation has adopted a greenbond framework that includes nuclear power – a first for the electricity utility. . The move followed a controversial decision in the European Union to classify natural gas and nuclear investments as green. . But does that make them objectively green?
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
The bonds alone come in a veritable rainbow of flavors: greenbonds; climate bonds; sustainability bonds; social bonds; ESG bonds; blue bonds (related to oceans); and more. Greenbonds are used to finance projects and activities that benefit the environment. It’s not just bonds.
Comcast Corporation published its 2024 GreenBond Report , which outlines the full allocation of proceeds from its inaugural greenbond issued in February 2023. Comcast also has a National Recycling Program, aiming to recycle or divert cable equipment waste from landfills through recovery and redistribution of materials.
This turnabout has been most pronounced in the greenbond market, where power utilities have, controversially, been adding nuclear energy as an option for greenbonds. 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.
That’s the message of Future of Waste from UBS Global Wealth Management, the first of a series of white papers exploring longer-term sustainable investment opportunities. The report details the challenges and investment opportunities to be found in reducing waste, from food and plastics.
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.
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.
Canadian utility Ontario Power Generation announced the issuance of a $300 million “nuclear greenbond,” one of the first greenbond offerings aimed at financing nuclear power generation. ” The post OPG Issues $300M “Nuclear GreenBond” appeared first on ESG Today.
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.
This is supported by findings published in their most recent report (2021), which described a 21% increase in emerging market (ex-China) greenbond issuances from 2019 and a total of $40billion emerging market greenbond issuances in 2020. What is the potential of greenbonds to address this imbalance?
The Government of the Hong Kong announced that it has issues approximately HK$6 billion (USD$765 million) of digital greenbonds, with the issuance including bonds denominated in HK dollars, Renminbi, US dollars and euros, making it the first multi-currency digital bond offering in the world.
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.
Energy provider Constellation Energy announced today that it has raised $900 million through a greenbond offering, the first of its kind in the U.S. The inclusion of nuclear power in the eligible use of proceeds for greenbonds is a still rare, but increasing phenomenon. Constellation is the U.S.’
The post PepsiCo Issues GreenBond with Focus on Regenerative Ag, Plastic Waste, Water Impacts appeared first on Environment + Energy Leader. The sustainability financing will go toward initiatives outlined in the company's pep+ agenda.
Food and beverage giant PepsiCo announced today the completion of a new greenbond offering, raising $1.25 The announcement marks PepsiCo’s second greenbond offering, following its inaugural $1 billion issuance in 2019. Billion GreenBond to Fund Ag and Value Chain Sustainability Projects appeared first on ESG Today.
Asset managers Head of Fixed Income hopes market expansion will eliminate need for the purely greenbond-focused vehicle within the next decade. It has helped channel capital into projects including energy-efficient housing, sustainable waste management, train connections and bike lanes.
Startups such as Optoro and ShareCloth use artificial intelligence, machine learning and other emerging technologies to digitize processes to lower excess inventory and reduce textile waste. Promising green finance developments in the fashion industry already are underway.
Consider that it has convinced more than 70 Apple suppliers to use renewable energy to produce products on its behalf , an effort funded in part by close to $5 billion in greenbonds issued by the technology giant as well as a dedicated pool of money in China. . Now, it's wandering farther into uncharted territory.
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.
Part of this revolution is the meteoritic growth of greenbonds, which were started in 2007 by the World Bank and the European Investment Bank. If growth was slow from the first greenbond issuance to 2012, things have accelerated since. Greenbonds are indeed often oversubscribed due to their success.
Global media and communications company announced today its first greenbond offering, raising $1 billion, with proceeds from the 10-year bond aimed at supporting the company’s environmental sustainability goals, including its target to be carbon neutral by 2035. Comcast announced its 2035 carbon neutrality goal in 2021.
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. Read the full story at ESG Today.
Decreased operational costs Sustainable investments often lead to more efficient operations, particularly in terms of energy use, water consumption, and waste management. Greenbonds Corporations can issue greenbonds to raise funds for new and existing projects with environmental benefits.
The publication offers an in-depth review of the company's progress over the last year toward establishing itself as an industry leader in sustainability by focusing on three critical sustainability challenges: ending plastic waste, taking climate action, and supporting a thriving society. "We
The larvae will feed on organic waste from the corn processing and be warmed by excess heat generated by the plant. Switching to these systems can be costly, but, as Planet Tracker argues in its report, greenbonds can be used to finance the transition.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Partners with Pivot Energy to Develop Community Solar Projects to Help Tackle Scope 3 Emissions JERA Nex Enters U.S.
Environmental: How a company impacts the environment, such as its carbon footprint, waste management, water use and conservation, and its sources of clean energy and technology. Investors can expect to see more sustainable efforts like the Principal bond: The sustainable bonds and loans sector is experiencing record-breaking growth.
These technologies help optimise water use, particularly in urban environments where aging infrastructure leads to excessive waste. Efficiency in a thirsty world Drip irrigation is a method of watering crops that delivers water directly to the root zone of plants at a slow, controlled pace.
Walmart raised $2 billion through its first greenbond issuance to finance and advance its sustainability goals including renewable energy, zero waste, circular economy and sustainable transportation projects. To date, suppliers report having reduced or avoided more than 574 million metric tons of supply chain emissions.
Billion GreenBond Private Equity & Venture Capital JPMorgan Builds Out Sustainable Growth Private Equity Team ESG Data Startup Atlas Metrics Raises €5.2 Million to Build Out Platform Sustainable Protein Company Unibio Announces $70 Million Investment from SIIG Exec Moves Mirova Appoints Zineb Bennani as U.S.
The LEED rating system ranks buildings as Certified, Silver, Gold and Platinum based on prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. PNC pursues LEED certification in all new ground-up construction projects and major renovation projects.
In the global market there are dedicated ESG funds and green instruments (ranging from greenbonds to green insurance ) to facilitate projects – not only in the domain of climate finance, but also focused on the environmental objectives necessary to support sustainability. In the third quarter of 2020 a record $76.5
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.
Andrew: We have a very clear vision, and that's a world where packaging never becomes waste. A little over a year ago we issued our first greenbond. It was a $1 billion greenbond. And what steps are you taking to increase the use of recycled content in your packaging? The first is reduce plastic use.
Issued 16 greenbonds between 2018-2021, and its global line of credit and additional lines of credit are linked to sustainability metrics. In its 2021-22 ESG report, the company outlines its progress toward its environmental, social and governance goals. Achieved 325 MW of solar generation capacity as of April 30, 2022.
billion tons of solid waste, equal to a footprint of 0.79 By 2050, annual waste generation is expected to increase 73% from 2020 levels (up to 3.88 The Swedish city of Gothenburg published the last iteration of its GreenBond Framework back in 2019. [9] 3] The overall growth of the population could add another 2.5
Reducing waste. That means addressing the roughly 1 billion tons of food wasted each year. Food loss and waste is not just a missed opportunity to provide someone with a nourishing meal. Feeding 10 billion people by 2050 is a sizable challenge, and it will take an all-of-the-above approach to get there.
The 2017 goals were to purchase 100% renewable power and to reduce its energy use, greenhouse gas emissions, water use and waste sent to landfills by 2022. Divert 75% of waste from going to landfills (previously 20% waste reduction goal). Divert 75% of waste from going to landfills (previously 20% waste reduction goal).
The 2017 goals were to purchase 100% renewable power and to reduce its energy use, greenhouse gas emissions, water use and waste sent to landfills by 2022. Divert 75% of waste from going to landfills (previously 20% waste reduction goal). Divert 75% of waste from going to landfills (previously 20% waste reduction goal).
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