Today, Pricewaterhouse Coopers (PwC) joins the Climate Bonds Standard Industry Working Group at a meeting of the Group to discuss proposed new Climate Bonds eligibility criteria for low-carbon buildings and bus rapid transit systems.
Pricewaterhouse Coopers (PwC) is one of world’s biggest professional services networks, with a sustainability and climate change advisory and assurance team of 700 experts.
Standard Chartered Bank is an emerging markets focused bank, deriving around 90% of its income and profitsfrom Asia, Africa and the Middle East
By Beate Sonerud, Climate Bonds Policy Analyst
Lima, Peru, 11 December 2014: Today, The Climate Bonds Initiative, makes a full list of labelled green bonds publicly available for the first time. The list can be found on the Climate Bonds website. This is part of the Initiative’s effort to promote greater transparency in the green bonds market, a market that has trebled in size over the past year.
A couple of days ago in Lima I gave a speech at a UN Climate Conference event in the Chinese Government Pavilion, organised by my friend Prof. Wang Yao.
Swiss banking giant, Credit Suisse, has signed up as a Climate Bonds Partner.
John Tobin, Managing Director and Global Head of Sustainability at Credit Suisse AG said:
“At Credit Suisse we are aware of the risks of climate change and the need to develop capital market solutions that help with the rapid transition to a low-carbon and climate resilient economy. That will mean not only a huge expansion of public transport like railways, but also essential investments in everything from energy and water to sustainable food production.“
Last winter we noted the rise of the corporate green bond; this seems to be the winter of the green muni (municipal) bond. The past few weeks have seen three green munis totalling $328m, from across United States. The bonds have quite a bit in common; all from first-time green bond issuers; and all use proceeds for water projects.
The headlines:
The National Australia Bank (NAB), one of the four big banks in Australia, has closed Australia’s first climate bond certified under the Climate Bonds Standard. The A$300m bond has tenor of 7 years, coupon of 4% and is rated AA- (S&P) / Aa2 (Moody’s).
While October saw lots of exciting 'firsts' in the green bond market that created a media buzz, another topic that kept popping up was the discussion on ‘to standardise or not to standardise’. And after S&PDJI, Barclays/MSCI and Band of America launched their green bonds indices in November, the market started talking about green bonds going mainstream.
Below are selected articles from the last two months of media coverage. Note that we don’t include individual bonds reviews here.
