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:
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.”
Help on issuing green city bonds is at hand! We've launched a Green Municipal Bonds Playbook through our US Green City Bond Coalition to give guidance to prospective issuers on how to tap into the rapidly growing green muni bond market.
Available for download, the Playbook includes:
Development Bank green bonds
IFC issued green masala bond for INR 3.15bn ($49.4m) (5-yr, 6.15%, AAA) with proceeds used to invest in Yes bank’s domestic green bond
Join us for a presentation on the updated version of the Climate Bond Standard V2.0 (now out for public consultation) and the latest developments in low carbon criteria including a discussion with NAB on their experience issuing and arranging climate bonds.
Corporate green bonds
Second green bond from TerraForm to finance wind power acquisition, $300m 10yr, 6.125% s/a coupon, BB-/B1
