The Green Building Council of Australia (GBCA) runs the Green Star environmental rating system for buildings. The system is especially popular in Australia and, more recently, in South Africa.
GBCA has today joined up as a Climate Bonds Partner.
The Green Building Council of Australia (GBCA) runs the Green Star environmental rating system for buildings. The system is especially popular in Australia and, more recently, in South Africa.
GBCA has today joined up as a Climate Bonds Partner.
Today I’m in Beijing. I’ve just had a meeting with a humungous bank – everything is just so over-sized in this country, with this bank having over 300,000 staff and assets of more than US$1 trillion.
Evene the central bank has 400,000 staff for goodness sake! And my friends at the Beijing City Finance Bureau - still housed in a basic 1970s building a bit like the high school I went to - are now handling a trillion dollar infrastructure investment plan for 120 million people (in the newly merged economic zone of Beijing, Tianjin and Hebei).
It’s like you’ve accidently wandered into a world of everything being super-upsized.
Time: 11:30am – 2:30pm, June 23, 2015
Venue: Papua Room, Menara Thamrin Building
Menara Thamrin, 5th Floor
Jl. M.H. Thamrin Kav. 3
Jakarta 10250, Indonesia
Tel: +62 21 39830091
Agenda
11.45 – 12.15 Registration and lunch
12.15 – 14.30 Speakers:
Satya Tripathi, Director, UNORCID
Ria Sartika Azhari (TBC), Head of the Climate Change Division at the Fiscal Policy Office, Centre for Climate Change Financing and Multilateral Policy, Ministry of Finance, Republic of Indonesia
Sean Kidney, CEO, Climate Bonds Initiative
On Tuesday June 23rd, 2015, we are co-convening a one-day workshop with the World Wide Fund for Nature (WWF) and ACTIAM to have a deep-dive discussion on clear criteria and standards for Green Bonds, with a particular focus on how such criteria could be developed.
The workshop will actively engage with like-minded organisations that share a genuine concern about the potentially adverse effects of ‘green washing’ and are committed to enhancing the green bond market’s integrity.
Corporate green bonds
Morgan Stanley inaugural green bond term ($500m, s/a 2.2%, 3 year, A-), introduces second opinions to the US bank bond market (excellent) but then does an odd thing with their pool: they will not maintain full value of a pool of green assets for the full bond
Morgan Stanley is the latest large bank to join the green bond party having issued its inaugural green bond last week, although the bank has been active in this space as an underwriter and co-founder of the Green Bond Principles.
By Beate Sonerud, Climate Bonds policy analyst
The Green Paper launched by the European Commission earlier this year recognized the potential role the Capital Markets Union could play in harmonising definitions and standards for green bonds. While it was great to see green bonds on the formal agenda, supporting standards is only one of a myriad of ways that green bonds fit squarely with the Capital Markets Union agenda.
The growing anticipation of green bonds taking off in Asia has determined the flavor of May’s media digest. The widely commented report by Moody’s fits with this trend by pointing to India and China as countries offering ‘sizeable growth potential’.
Asia
Emerging markets, Asia awakes to green bonds, Matthew Thomas
Next Friday morning, 12 June 8:00-10:00, we're holding in London a roundtable discussion on legal issues around green bonds. If you're in a law firm and looking at green bonds, please do join us. The roundtable is for legal counsel only.
Background:
Following a landmark green bond growth year in 2013, the labelled green bond market has once again experienced a year of incredible growth in 2014: by year-end there had been $36.6bn of green bonds issued by 35 different issuers. We're hoping that the market size will triple again in 2014.
Sustainalytics – the leading independent provider of environmental, social and governance (ESG) research and analysis to investors around the world– is the latest company to be confirmed by the Climate Bond Standards Advisory Board* as an approved verifier. They will be joining EY, KPMG, Bureau Veritas, DNV-GL, Oekom Research and others as approved verifiers under the Climate Bond Standard.
Sustainalytics has been actively involved in the green bonds space since mid-2014 and has provided second opinions for a number of green bond issuances with a climate focus.
8 June (today) — London: Green Securitization Roundtable at Nomura.Jointly hosted by LSE Grantham Institute for Climate Change and Climate Bonds Initiative.