Today, the Climate Bonds Initiative released the draft version 2.0 of the Climate Bonds Standard (we’ve called this version 1.9) for public consultation. The public consultation period lasts 60 days.
On the advice of investors, bankers and other stakeholders around the world, the updated Climate Bonds Standard has three key improvements:
The UNEP FI Principles for Sustainable Insurance (PSI) today joined the Climate Bonds Partners program.
Launched in 2012, the Principles for Sustainable Insurance leads the collaborative initiative between the United Nations Finance Initiative and the insurance industry. It serves as global framework for this sector to address environmental, social and governance risks and opportunities.
The Green City Bonds Coalition, of which the Climate Bonds Initiative is a member alongside CDP, C40, Ceres, NRDC and As You Sow, is pleased to invite you to a webinar to launch a new guide for cities on issuing green bonds.
Speakers:
Objectives:
The Swiss Government’s State Secretariat for Economic Affairs (SECO) confirmed today that it has joined as a Climate Bonds Partner — the first national government member of the Climate Bond Partners program.
Please join us in London on 28 July for a presentation and discussion of the 2015 HSBC and Climate Bonds Initiative report Bonds and Climate Change: the state of the market in 2015.
The event will be kindly hosted by Norton Rose; the report has been funded by the HSBC Climate Change Centre of Excellence.
Time: Tuesday 28 July, Registration/coffee 8:15am for 8:30–10:00am
Venue: 9th floor Terrace, Norton Rose, 3 More London Riverside, London, SE1 2AQ, United Kingdom
Please join us in New York on 24 July for a presentation and discussion of the 2015 HSBC and Climate Bonds Initiative report Bonds and Climate Change: the state of the market in 2015. The event will be kindly hosted by HSBC; the HSBC Climate Change Centre of Excellence has funded the report.
Time: Friday 24 July, Registration 8:00am for 8:30–10:00am
Venue: HSBC, 452 Fifth Avenue, North America Room, 11th Floor, New York, NY 10018
It’s been a big couple of weeks with close to $2.5bn of green bonds issued. Digital Realty Trust came to market with a $500m green bond for low-carbon buildings, and Swedish Export Credit Agency became the first European export credit agency to join the green bond market with a $500m inaugural issuance.
Last month Toyota closed their second green bond for a whopping $1.25bn. Standard auto loans backed the issuance with proceeds to be used for electric and hybrid car loans; that means it’s more like a corporate green bond, where proceeds from a bond backed by existing (non-green) assets are directed green loans still to be made.
Sunrun issued $111m of solar ABS, and a small unlabelled energy efficiency ABS was also issued by Renew Financial and Citi for $12.58m. Sunrun and Citi/Renew Financial are examples of ABS where the assets backing the issuance are green. This type of green ABS introduces new low-carbon assets to the securitisation market, such as solar leases and energy efficiency loans.
(For those unfortunates who can't read Spanish, an English version is at the bottom of this email)
Pedimos su presencia el día 20 de julio para recibir información sobre el mercado en crecimiento rápido de los Bonos Verdes en la Ciudad de México, donde aprenderán como crecer un mercado parecido en México. Esto también será el lanzamiento en México del informe ‘Bonos y Cambio Climático: El Estado del Mercado en 2015.’
