COP28: Sovereign sustainability-linked finance task force launched
Eight development banks and financial institutions have launched a technical task force to support the development and growth of the sustainability-linked finance market for sovereign issuers to achieve global climate and nature goals.
Private-public investment fund launched to invest in emerging market green bonds
The partners behind the EU-led Global Green Bond Initiative (GGBI) have signed a strategic partnership with the Inter-American Development Bank (IDB) and IDB Invest ...
Banks urged to rework financing instruments for climate adaptation
"Considerable effort" is needed to develop climate adaptation and resilience finance in a "practical and actionable manner," but existing tools such as green bonds could be adjusted by the private sector ...
Databases and regulation driving standardisation of labelled bond data
Efforts to standardise green, social and sustainability bond impact data are gaining traction, but widespread comparability remains elusive, an Environmental Finance webinar heard. Michael Hurley reports
Blue like an Orange raises $200m for Latin America impact fund
Blue like an Orange Sustainable Capital has raised $200 million at final close of its inaugural impact fund, which will target positive social impact in Latin America via private lending.
Covid-19 slams the brakes on green bond issuance
Issuance of green, social and sustainability (GSS) bonds slowed dramatically in the first three months of 2020, as the severe impact of the Covid-19 pandemic on the global economy became clear.
Axa IM invests in Althelia Sustainable Ocean Fund
AXA Investment Managers (Axa IM) has committed to invest in the Althelia Sustainable Ocean Fund, as the fund raised about $38 million at first close.
AllianzGI invests in IDB bond for Uruguayan solar plants
Allianz Global Investors (AllianzGI) has invested, on behalf of unnamed clients, in a private placement refinancing of two solar photovoltaic plants in Uruguay owned by clean power generator Atlas Renewable Energy.
Development bank finance for climate projects jumps 28%
Financing of climate-related projects by multilateral development banks (MDBs) soared 28% last year to a record high of $35.2 billion.
Green bond round-up, 13 June 2018
DNB Boligkreditt, a subsidiary of Norwegian bank DNB, has raised €1.5 billion ($1.76 billion) from its first green covered bond.