Issuances of green, social and sustainability-linked bonds continue to grow, as banks have structured new products to respond to investors’ and corporates’ needs. What is the state of play of the markets today?
Process for the issuance of green, social and sustainability bonds phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
The UN Climate Conference held in November 2022, known as COP27, presented an opportunity to refocus international attention on the challenge of financing climate change initiatives.
Thursday, April 8, 2021
As noted previously in the October 2020 edition of
Baseload, the capital markets have seen explosive growth in the issuance of ESG debt in recent years. The advantages to utilities have been generally twofold: (1) provide access to a larger investor base than would otherwise be available (i.e. those investors with ESG-focused criteria) and (2) provide evidence of good corporate citizenship regarding certain of the issuer’s projects.
ESG encompasses three individual (but highly overlapping) elements: environmental criteria, social criteria and governance. The environmental element has been a mainstay of the capital markets since the late 2000s and has steadily increased since the International Capital Market Association (ICMA) first published its “Green Bond Principles” in 2014 and last updated them in 2018. [1] Debt issued in this category is designed to support specific climate-related or environmental projects and includes investments