ING Group Upgrades to Global Green Funding Framework, Aligning with ICMA Principles
ING Group has replaced its Green Bond Framework with a new Global Green Funding Framework in 2024, aligning with ICMA's Green Bond Principles and, on a best-efforts basis, the EU Taxonomy.
Australia Passes Mandatory Climate Disclosure Legislation Requiring Large Entities to Report from January 2025
Australia's Parliament passed mandatory climate-related financial disclosure requirements on 9 September 2024, taking effect for the largest entities from 1 January 2025.
Kuwait's Warba Bank Lists USD 500 Million Sustainable Sukuk on London Stock Exchange
Warba Bank's debut sustainable sukuk — the first ever issued in Kuwait — drew a USD 1.8 billion order book, 3.5 times the deal size.
Mizuho Financial Group Issues EUR 500 Million Green Bond to Fund Renewable Energy and Low-Carbon Projects
Mizuho Financial Group issued a EUR 500M green bond on 27 August 2024 maturing in 2030, aligned with ICMA Green Bond Principles and backed by a Sustainalytics second-party opinion on its green bond framework.
Westpac Becomes First Australian Bank Backed by CEFC Household Energy Upgrades Fund
Westpac has launched sustainable home upgrade loans backed by the CEFC's AUD 1 billion Household Energy Upgrades Fund, the first such product in the Australian market.
Westpac Acts as Joint Lead Manager on Mirvac's AUD 400 Million Green Bond, the First AUD Green Bond Under Mirvac's Sustainable Finance Framework
Westpac supported Mirvac's AUD 400M green bond as joint lead manager — the first Australian dollar green bond issued under Mirvac's Sustainable Finance Framework and certified by the Climate Bonds Initiative.
BNP Paribas Updates Green Bond Framework to Align with ICMA Green Bond Principles 2021
BNP Paribas published an updated Green Bond Framework in June 2024 aligned with ICMA's Green Bond Principles 2021, covering renewable energy and clean transport.
Australia's AOFM Issues Inaugural AUD 7 Billion Sovereign Green Bond with 3.3x Oversubscription
Australia's AOFM priced its first federal sovereign green bond at AUD 7 billion maturing 2034, drawing AUD 22.89 billion in bids at a 3.3x bid-to-cover ratio.
Qatar Issues $2.5 Billion Inaugural Sovereign Green Bonds
Qatar's Ministry of Finance raised $2.5bn through its first sovereign green bond, split across 5-year and 10-year tranches to fund green projects.
South Africa's FirstRand Bank Issues R3.4 Billion in Green Bonds to Finance Renewable Energy
FirstRand Bank listed three floating-rate green bonds totalling R3.4 billion on the JSE in May 2024, with proceeds to be allocated to eligible green assets.
South Africa's Prudential Authority issues climate-risk guidance for banks, including ICAAP integration
Guidance notes G2/2024 and G3/2024 set out how banks should embed climate-related risks in governance, risk management, capital assessment and disclosures, with parallel guidance for insurers.
Federal Reserve Publishes Climate Scenario Analysis Results for Six Largest US Banks
The Federal Reserve has published pilot climate scenario analysis results for six large US banks, finding significant data and modelling challenges in estimating physical and transition risks.