The best innovations, intermediaries and banks that helped the market set fresh records in 2016 have been honoured in the final wave of the Green Bond Awards.
The awards, which cover 2016, aim to recognise best practice, or issues that were significant in the development of the market.
Awards announced today include best lead manager – bank, which was awarded to HSBC. Credit Agricole secured the lead manager of the year – sovereign, supranational and agencies (SSA) award.
They were joined by this year's biggest winner -- Bank of America Merrill Lynch -- which won the best lead manager title for both corporate and municipality bonds, as well as the previously announced biggest underwriter award.
Luxembourg won the inaugural best exchange award. While the inaugural best law firm and best index awards have been bestowed on White & Case and Bloomberg Barclays MSCI green bond Index, respectively.
Major winners in the awards this year that deserve an extra mention are Obvion, which won in two categories -- best asset-based bond and a special award for innovation (use of proceeds).
Other major winners include the European Investment Bank, which won biggest SSA issuer for the third year in a row, as well as being declared joint winner for best impact reporting, alongside KfW and IFC.
The winners were decided by a panel of judges made up of some of the biggest green bond investors in the world, with the exception of awards for biggest issuers and underwriters that were calculated using data from Environmental Finance's Green Bond Database. Congratulation to all of this year's winners.