Guest Blog: April’s green bonds media digest: Financial Times (x2), The Wall Street Journal, Institutional Investor, Euromoney, IPE, SCHMP and more...
Originally published on the Climate Bonds Initiative web site HERE.
Financial Times, US investors drawn to
environmentally friendly green bonds(link is external), Murray
An article that
touches on a number of interesting aspects of the green bond market in the US:
among them the new administration in Washington and the appetite for socially
responsible investments of the youngest investors.
More than 90 per cent
of Merrill’s millennial clients — those in their 20s and early 30s — are
telling advisers they want to consider such investments as a permanent part of
their portfolios. “In the US, we’re seeing a much bigger grassroots movement to
include green bonds into investment portfolios than in Europe or Asia”.
The Wall Street
Journal, Investors Warm to ‘Green Bonds’(link is
external), Gerrard Cowan
Also the Wall Street
Journal analyses the US face of the GB market.
Still, the green-bond
market looks set to continue growing, and the new mutual funds and ETFs are
crucial in opening access to individual investors, as well as raising the
profile of climate change as an issue, says Sean Kidney, chief executive of the
Climate Bonds Initiative.
Euromoney, Asia follows China’s path to
green bond(link is external), Rahul Sheth
interesting analysis of the factors that allow the GB market to grow in China.
Barely 12 months since
its launch, China’s ambitious plan had not only succeeded, but inspired many
others, especially in Asia. At the 2016 UN Climate Change Conference held in
Marrakesh last November, several countries announced similar plans on the back
of China’s lead to link green bond initiatives to the delivery of national
climate change plans.
South China Morning
Post, ‘Green’ financing to be included
in Chinese banks’ performance ratings(link is external), Maggie
China is poised to
include “green” financing in the risk monitoring regimes of the country’s
banks, to stimulate stronger financing of environmentally friendly projects, a
central bank chief economist said.
Reuters, Canada government could kick its
green bond market into high gear(link is external), Fergal
The author gives voice
to Canadian investors expecting country’s new government to turn to green
investments and add much needed liquidity to the local market.
Canada has federal and
provincial governments with "big green ambitions" and many interested
investors, said Sean Kidney, chief executive of the investor-focused Climate
Bonds Initiative. That's "a pretty good recipe" for a robust market.
BNN, ‘Green is the new black’: Why
RBC thinks Canada should join the green bond market(link is
external), Jameson Berkow
In its latest report,
RBC makes a case for the Canadian government to issue green bonds. BNN reports.
“Under the current
Liberal mandate, the stage has been set for innovative green financing to
support the many green initiatives that have been set by the federal
government,” the report said.
Business Standard, Moody's: Global green bond
issuance robust in first quarter; second largest quarterly volume ever(link is external)
estimated that green bond issuance will reach $120 billion in 2017.
The report goes on to
note that the green bond market is continuing to evolve. The number of
sovereign issuers will likely increase, momentum from the Paris Agreement will
expand the market's geographic reach and new security structures will continue
Author describes four
key elements required for sustainable finance to become mainstream in emerging
markets. His conclusions are based on discussions heard at the Climate Bonds
Annual Conference and Green Bond Award.
sustainable finance in emerging markets (indeed global markets more broadly)
should revolve around the normalisation of the green bond market through
organic growth (through clear and well-formulated guidelines, and knowledge
dissemination), rather than extensive preferential treatment (through grants
and tax breaks).
An article for our
German-speaking readers with an entire paragraph dedicated to the Climate Bonds
Non-Profit-Organisation Climate Bond Initiative rechnet in diesem Jahr mit frischen
Green Bonds im Wert von mehr als 120 Milliarden Euro – die Ratinggesellschaft
Moody‘s geht sogar von knapp 200 Milliarden US-Dollar aus. Der Markt wächst,
auch wenn der Anteil grüner Bonds im abgelaufenen Jahr lediglich bei 1,4
Prozent aller neu emittierten Anleihen lag.
Globe & Mail, Green bond market soars to new heights
but confusion over greenness lingers(link is external),
Investment Executive, Moody’s joins Climate Bonds
Partner Program(link is external), James Langton
with Climate Bonds Initiative allows us to boost their efforts to advance the
development of international definitions and standards for green bonds, conduct
research and educate issuers, investors, and other market practitioners,"
says Henry Shilling, senior vice president with Moody's, in a statement.
Clean Technica, Green Bonds Issuance Up 42% In
Q1 2017(link is external), Saurabh Mahapatra
According to the
Climate Bonds Initiative, the total green bonds issuance globally stood at
$21.76 billion during Q1 2017, up nearly 42% from the issuance during the same
quarter last year. In comparison to Q4 2016, however, the issuance was down
The Sydney Morning
Herald, Green is the new black: ESG
investors turn to green bonds to meet mandates(link is
external), Myriam Robin
An insight into
Australia’s green bonds market.
and banks have led the way in green bond investments – their issuances have
been oversubscribed, showing heavy local demand for the products.
IFC & Amundi Green
Lots of media interest
around the 2bn USD emerging markets-focused green bond fund(link is
external) set up by IFC and Amundi.
Investor, IFC, Amudi tap emerging markets
for latest green bond fund(link is external), Alicia MyElhaney
Finance Corporation and European Asset Manager Amudi have agreed to create a $2
billion green bond fund – the largest of its kind dedicated to emerging
Pensions Europe, Asset manager roundup: Amundi,
IFC team up for EM green bond push(link is external),
The fund will buy
green bonds issued by banks in Africa, Asia, the Middle East, Latin America,
eastern Europe, and central Asia. It aims to be fully invested in green bonds
within seven years.
Reuters, World Bank's IFC, Amundi to
create $2 billion green bond fund(link is external), Nina
fund will lower the risk for the private sector and attract new investors –
essentially creating a market where there was none," said IFC chief executive
Philippe Le Houérou.
Global Capital, A quantum leap for green bonds(link is
Of course, the fund
has a long way to go – part of the work will be trying to drum up sufficient
issuance – but the stimulus it will provide at local level will go further to
finance climate change control than anything before it in the field of green bonds.
Certified Climate Bond from Singapore
Ltd issued Singapore’s first (link is
external) green property bond certified under
the Climate Bonds Low Carbon Buildings (LCB) Criteria.
Reuters, City Developments markets
Singapore's first Green bond(link is external), Kit Yin Boey
City Developments is
today marketing the first Green bond offering in Singapore.
Global Capital, Singapore’s green bond
opportunity(link is external), Morgan Davies
It provides an
excellent example of Singapore companies coming full circle from green
certification to using socially responsible investing for their financing
The Asset, CDL prices Singapore’s first
green bond(link is external), Chito Santiago
The two-year senior
secured green bond amounted to S$100 million (US$71.43 million) and carried a
fixed interest rate of 1.98%.
The Business Times, CDL prices first green bond in
Singapore (link is external), Jamie Lee
developer's unit CDL Properties priced a two-year senior secured green bond,
raising S$100 million at a fixed rate of 1.98 per cent per annum.
Nasdaq, CDL prints Singapore's first
Green bond(link is external), Daniel Stanton
KPMG was the
independent limited assurance provider and verified the certification as a
climate bond using criteria developed by the Climate Bonds Initiative.
The programme was
launched by The Kenya Bankers Association, Nairobi Securities Exchange,
Climate Bonds Initiative and Financial Sector Deepening Africa in conjunction
with the Dutch Development Bank FMO(link is external) and
the International Finance Corporation.More here.
Daily Nation, ‘Green’ bonds in the
offing(link is external), James Ngunjiri
The Kenya Bankers
Association (KBA) and Nairobi Securities Exchange (NSE) has launched the Kenya
Green Bonds programme to fight climate change.
KDR.TV, Kenya gets ready for green bond
“In the coming few
months, thanks to this collaboration, we will have
the first green bond issued this year,” said KBA chairman
Lamin Manjang, as Financial Sector Deepening (FSD) Africa committed Sh62
million ($600,000) to support the exercise.
Daily Nation, Green bonds open wider financing
(link is external), James Ngunjiri
International Finance Corporation (IFC), a member of the World Bank Group, has
identified Kenya as one of the 24 countries that will benefit from its maiden
Green Bond Cornerstone Fund.
Disclaimer: The information contained in this
communication does not constitute investment advice in any form and the Climate
Bonds Initiative is not an investment adviser. Any reference to a
financial organisation or investment product is for information purposes only.
Links to external websites are for information purposes only. The Climate Bonds
Initiative accepts no responsibility for content on external websites.
The Climate Bonds
Initiative is not endorsing, recommending or advising on the merits or
otherwise of any investment or investment product and no information within
this communication should be taken as such, nor should any information in this
communication be relied upon in making any investment decision.
A decision to invest in anything is solely yours.
The Climate Bonds Initiative accepts no liability of any kind, for any
investment an individual or organisation makes, nor for any investment made by
third parties on behalf of an individual or organisation, based in whole or in
part on any information contained within this, or any other Climate Bonds
Initiative public communication.
Nasdaq, CDL prints Singapore's first Green bond(link is external), Daniel Stanton