10 April 2017

Further Environmental Finance Green Bonds Awards winners announced

The second wave of winners of Environmental Finance's Green Bond Awards hail the market's big issuers and innovators.

The awards aim to recognise those that dominated the market either through the size of their issuance programmes or those that broke new ground and helped take the market to new levels.

For the second year running Bank of America Merrill Lynch (BAML) was named the biggest underwriter of bands for the year.

China Industrial Bank won the award for biggest bank issuer reflecting China's dominance in the market in 2016. Elsewhere, Iberdrola was the largest corporate issuer, while New York Metropolitan Transport Authority won the accolade for biggest municipal issuer. The European Investment Bank (EIB) was named the biggest issuer for Sovereign, Supranational and Agencies (SSA) for the second year in a row.

The first sovereign green bond issued by Poland towards the end of the year picked up two awards. In addition to Green Bond of the Year – SSA, announced on Friday, it also won Innovation of the Year – Bond Structure. Obvion also won a second award, adding the award for Innovation - Use of Proceeds to its award for Green Bond of the Year – Asset Based Security.

Efforts to nurture the Latin American market saw Brazil's Green Bond Guidelines recognised as Initiative of the Year.

SEB's head of climate and sustainable financial solutions, Christopher Flensborg, was the individual who mattered the most to the market, taking the Personality of the Year Award.

There was a total of 25 awards this year, compared with the 15 that were up for grabs last year, as the number of in order to reflect the rapidly expanding market.

The winners were decided by a panel of judges, with the exception of awards for biggest issuers and underwriter which were calculated using data from Environmental Finance's Green Bond Database, made up of some of the biggest green bond investors in the world.

The awards, which cover 2016, aim to recognise best practice, or issues that were significant in the development of the market.

The award winners are being announced in three waves, on the on 7, 10 and 11 April. 

Click here to read about all the announced winners

Bond of the Year - Asset-based bond Obvion
Bond of the Year - Sovereigns, supranational and agencies (SSAs) Poland
Bond of the Year - Corporate Apple
Bond of the Year - Social and sustainability Starbucks
Bond of the Year - Bank Rabobank
Bond of the Year - Municipality Mexico City
Project bond of the Year AP Renewables
Special award for innovation - Bond Structure Poland
Special award for innovation - Use of proceeds Obvion
Initiative of the Year Brazil's Green Bond Guidelines
Personality Christopher Flensborg
Biggest underwriter: Bank of America Merrill Lynch
Biggest issuer (Corporate): Iberdrola
Biggest issuer (Municipality): New York MTA
Biggest issuer (SSA): European Investment Bank
Biggest issuer (Bank): Industrial Bank of China
Best exchange Luxembourg
Best external review provider Cicero
Best impact reporting EIB, IFC and KfW
Best index Bloomberg Barclays MSCI Green Bond Index
Best law firm White & Case
Best underwriter: bank HSBC
Best underwriter: SSA Credit Agricole
Best underwriter: corporate Bank of America Merrill Lynch
Best underwriter: municipality Bank of America Merrill Lynch