Arab African International Bank Issues USD 500 Million Sustainability Bond, Egypt's First from a Private Bank
AAIB has launched a USD 500 million sustainability bond — Egypt's first and the largest issued by a private bank in Africa — backed by USD 300m from IFC, USD 100m from EBRD, and USD 100m from BII.
EU-Wide Climate Stress Test Finds Banking Sector Losses Could Exceed EUR 630 Billion in Severe Scenarios
The first EU financial-sector climate stress test found potential bank losses exceeding EUR 630 billion in the most severe combined transition and macroeconomic scenario, nearly 90% above baseline.
Mizuho Financial Group Reaches JPY 34.3 Trillion in Sustainable Finance by First Half of FY2024
Mizuho Financial Group's cumulative sustainable finance reached JPY 34.3 trillion by 1H FY2024, with JPY 16.1 trillion in environmental and climate initiatives, toward a JPY 100 trillion target.
JPMorgan Chase Publishes 2024 Climate Report Introducing Energy Supply Financing Ratio
JPMorgan's November 2024 climate report introduced the Energy Supply Financing Ratio, showing $1.29 of low-carbon energy supply financing per $1 of high-carbon energy supply financing in 2023.
China, EU and Singapore Publish Multi-Jurisdiction Common Ground Taxonomy at COP29 to Harmonise Green Finance
MAS, PBoC and the EU published the Multi-Jurisdiction Common Ground Taxonomy at COP29, to facilitate cross-border green finance across the three jurisdictions.
BlackRock and MAS sign COP29 statement of intent on FAST-P industrial transformation debt programme
BlackRock, the Monetary Authority of Singapore, IFC, MUFG, NEXI and AIA agreed in Baku to explore a blended-finance debt initiative for corporate decarbonisation projects, mainly in Southeast Asia.
OSFI Guideline B-15 on Climate Risk Takes Effect for Canada's Systemically Important Banks
Canada's OSFI has activated Guideline B-15 for the country's six domestic systemically important banks, mandating governance, risk management, and climate disclosure from fiscal year-end 2024.
Central Bank of Oman Orders All Licensed Banks to Submit Green Finance Plans by Mid-2025
The CBO has issued a circular requiring all banks in Oman to assess climate-related risks and submit board-approved sustainable finance implementation plans by 30 June 2025.
FirstRand Bank publishes green bond report on R3.5 billion October 2023 issuance
FirstRand's first allocation and impact report on its October 2023 green bonds shows about half of the proceeds allocated at 30 June 2024, mainly to renewable energy project finance.
Rabobank Issues GBP 400 Million Green Non-Preferred Senior Bond Maturing April 2029
Rabobank has priced a GBP 400 million Green Non-preferred Senior bond maturing April 2029, with proceeds fully allocated to eligible green assets under its Sustainable Funding Framework.
Canada Reopens February 2024 Green Bond for Additional CAD 2 Billion Under Nuclear-Inclusive Framework
The Government of Canada reopened its February 2024 green bond for an additional CAD 2 billion, the third issuance under its green bond programme and the second under a framework updated in 2023 to include nuclear energy.
Scotiabank Issues Canada's Largest Sustainability Notes at CAD 1.25 Billion, Including Nuclear Energy
Scotiabank priced CAD 1.25 billion in Sustainability Notes on 26 September — a Canadian record and the first major-bank sustainability bond to include nuclear energy as eligible proceeds.