Barclays PLC has successfully priced and issued a 0.625% €500m green bond. This is a first for the UK market, as it represents the first green bond issued by a UK bank, using UK assets. The transaction was well received, attracting a final order book of €1.85bn.
As interest in green bonds continued to grow in the past year, so has interest in integrating environmental, social and governance (ESG) factors into fixed income investing. In line with this trend, Bloomberg is supporting credit analyst research and portfolio managers’ investment decision-making with comprehensive company-reported ESG data and third-party research providers’ performance scores.
Green bonds—financial instruments with a socially responsible investment aspect baked into their DNA—are red-hot. So far this year, global green bond issuance totals $28.7 seven billion, up 78% from the $12.1 billion issued last year in the same time period, reports Business Insider.
$240 Million Wastewater Revenue Bond to Finance Stormwater and Wastewater Management Projects
In a world first, the San Francisco Public Utilities Commission (SFPUC) has become the first entity to issue a green bond certified under the Water Climate Bonds Standard, a screening tool that specifies the criteria that must be met for bonds labelled as “green” or earmarked for funding water-related, low carbon initiatives.
The demand for green bonds is not just taking root, it is blossoming, says Mamadou-Abou Sarr, head of ESG, or environmental, social and governance investing, at Northern Trust Asset Management(NTRS - Get Report) .
Five major companies join Ceres’ Connect the Drops Campaign with collective commitments to save one billion gallons of water by 2020
March 22, 2016 /3BL Media/ - Ceres’ Connect the Drops campaign in California and its climate-resilient water bonds initiative were both recognized at a White House ceremony today commemorating World Water Day.
COP21 a success – what next? Is 2016 the year we will begin to see real action from participating governments regarding climate change?
Following December’s international convention in Paris, 195 countries signed an agreement to limit the global temperature rise to well below 2 degrees, with an aspiration of meeting a target of 1.5 degrees. At the time, the announcement was met with a poignant mixture of surprise, cynicism and relief.
November 24, 2015 /3BL Media/ - Barclays today confirmed it has reached its target of investing over £1 billion in Green Bonds and has made a commitment to invest a further £1 billion. This represents one of the largest Green Bond investment commitments by any institution globally.
Last year Barclays announced its commitment to investing at least £1 billion by November 2015, as part of its liquid asset buffer.
November 23, 2015 /3BL Media/ - The Climate Bonds Initiative and consortium partners Ceres, World Resources Institute, CDP and the Alliance for Global Water Adaptation have released for public comment, the world’s first standard for low carbon and climate resilient water bonds. The proposed Water Climate Bond Standard will bring a focus on vulnerability assessment and climate mitigation and adaptation planning to the fixed income space.