First Global Exchange to Become a Climate Bonds Partner
What’s it all about?
London Stock Exchange Group (LSEG) become the first global exchange to join the Climate Bonds Partnership Program. LSEG incorporates a range of businesses including London Stock Exchange, Borsa Italiana and FTSE Russell Indexes.
LSEG is the first global stock exchange to become a partner.
Joint Cooperation
The decision builds on the previous joint projects between Climate Bonds and LSE:
October 2015 China Green Bonds Conference held with the PBoC & LSEG
Global Green Bond Prospects 2016 Conference:
Inaugural Green Bond Pioneer Awards February 2016, hosted at the LSEG.
Who’s Saying What?
Nikhil Rathi Chief Executive Officer, London Stock Exchange plc:
“London Stock Exchange Group is a committed supporter of green financing and we see the transition to a low carbon economy as a major industrial trend. Developing London as a leading international hub for green finance is vitally important to the city and a key driver behind the launch of our dedicated green bond segments last year.”
“In addition to attracting and profiling green bond and equity listings through FTSE Russell we support institutional investors in defining climate factors and integrating them into benchmarks and portfolio analytics.”
“We are delighted to become an official partner of the CBI and look forward to further develop the market place; improving access for issuers, transparency for investors and growing the size and breadth of the green bond sector.”
Climate Bonds CEO Sean Kidney:
“LSE Group has taken a leading position amongst exchanges in supporting the development of global green bond markets. Having LSEG join our Partners Program sends a further and welcome signal to all stakeholders of the growing role green bonds can play in sustainable investment.”
“One of Climate Bonds objectives is to build robust and transparent assurance frameworks around green bond investment.”
“The LSEG is uniquely positioned to provide market based knowledge and perspectives as a Climate Bonds Partner. We look forward to working cooperatively on projects that build and strengthen the position of green bonds in providing climate finance solutions.”
The Last Word
The LSE has taken a global lead on green bond listings as part of its wider commitment to the Sustainable Stock Exchanges Initiative and green financing in general.
Landmark listings have included the first green bond denominated in Renimbi in May 2014, the first offshore green Masala bond in August 2015, and the $1Bn Agricultural Bank of China dual currency green bond of October 2015.
Climate Bonds has a strong focus on supporting the Chinese and Indian green bond frameworks and markets to help fund green infrastructure pipelines and meet climate and environmental objectives.
A closer relationship with the LSEG offers scope to strengthen the green finance links and green bond activity between the UK and both nations.
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