Zurich: Over 60 people have showed up to the Credit Suisse Forum St. Peter this afternoon, for the pre-launch of the criteria for agriculture, forestry and other land use (AFOLU) under the Climate Bonds Standard. The criteria are now out for public consultation for 60 days – check out the full criteria (or have a peek at the executive summary).
Climate Bonds Blog
Over the past year, a group of 16 leading academic and internationally recognised experts from the Agriculture, Forestry and Other Land Use (AFOLU) sectors have been meeting to draft a new set of eligibility criteria for the Climate Bonds Standard. What´s more - another 30 people representing large global investors, banks and industry have been providing feedback on the practicality of the drafts.
The International Institute for Sustainable Development (IISD), a leading NGO promoting human development and environmental sustainability, has today become a Climate Bonds Partner.
Executive Director, IISD-Europe, Mark Halle said:
A busy end-of-summer for the green bond market in Europe with issuance from development bank EIB, three Swedish corporate green bonds and a huge EUR1bn green bond for water from Dutch bank NWB. We are expecting this momentum to continue through September in the build up to the UN Climate Conference in Paris (UN COP21).
CORPORATE GREEN BONDS
As you may recollect, we published on 17 July the draft of version 2.0 of the Climate Bonds Standard. The updated text has three key improvements:
- A more robust assurance framework that is more practical and efficient
- Fully integrates the latest version of the Green Bond Principles
- Makes annual reporting requirements more explicit.
We've had a lot of great, positive and very useful feedback - thank you!
September is a busy month of green bond events around the world. Here are the ones we're speaking at. Come say hello if you're there or get in touch if you're interested in arranging a meeting while we're in your part of the world.
National Australia Bank (NAB) - one of Australia’s four big banks - confirmed today it has joined the Climate Bonds Partners program, saying it will continue working with the Climate Bonds Initiative to grow the green bonds market.
The Climate Bonds Initiative would like to invite you to the formal pre-launch of the sector-specific guidance for Agriculture, Forestry and Other Land-Use (AFOLU) under the Climate Bond Standard.
Time: Wednesday 9 September, 5-7pm
Venue: Credit Suisse Forum St. Peter’, St. Peterstrasse 19, Zurich
The event will include a presentation on the Agriculture, Forestry and other Land Use guidance. It will also include an update on the green bonds market and opportunities for the sector.
The major green bonds media story in July was the launch of our Bonds and Climate Change: the state of the market in 2015 report. The report first launched in Frankfurt with further launches in Mexico City, New York and London. Another key story was the first labelled green bond from a Chinese issuer (issued in the international dollar market). We also saw stories continuing the debate on greenwashing, pointing out the need for clear standards and transparency, as well as discussing other general market developments.
World Water Week 2015 will take place 24-28 August in Stockholm and Climate Bonds Initiative is joining the discussion! Register here to participate.
The annual event hosted by SIWI is celebrating its 25th year. Thousands of individuals and hundreds of organizations will gather to focus on the world’s water issues.
The Climate Bonds Initiative will be co-convening the session “Investment approaches to Mainstreaming Climate Adaptation.”