ICMA, Islamic Development Bank and LSEG publish guidance on green, social and sustainability sukuk
The guidance shows how sukuk can be labelled green, social or sustainability and aligned with the ICMA Principles, and includes LSEG data showing more than $47 billion of sustainable sukuk issued since 2017.
Scotiabank Issues Inaugural EUR 1 Billion European Green Bond, Largest by a Canadian Financial or Corporate Issuer
Scotiabank announced on 17 April 2024 that it had issued a EUR 1 billion 5-year senior green bond, its first in the European market and the largest green or sustainability bond by a Canadian financial institution or corporate to date.
UK PRA's 2024/25 Business Plan Keeps Climate Risk a Key Supervisory Priority for Banks and Insurers
The PRA's 2024/25 Business Plan flags climate risk management as a supervisory priority, following January expectations letters sent to regulated firms.
Saudi Arabia Publishes Green Financing Framework for Sovereign Green Bond and Sukuk Issuances
Saudi Arabia's National Debt Management Center has published a Green Financing Framework to enable sovereign green bond and sukuk issuances aligned with Vision 2030.
MUFG Establishes Green Finance Framework for New Tokyo Headquarters Building
MUFG established a Green Finance Framework in March 2024 for its new Tokyo headquarters, backed by a JCR second-party opinion, to fund construction of the building.
Australia's AOFM Announces Inaugural 10-Year Green Treasury Bond for Mid-2024 Issuance
The Australian Office of Financial Management announced Australia's first sovereign green bond, a 10-year June 2034 instrument aligned with ICMA Green Bond Principles.
Banorte Issues MXN 13.07 Billion of Sustainable Bonds as Latin America's First SBTi-Validated Financial Group
Mexico's Banorte issued MXN 13.07 billion of sustainable bonds in March 2024, backed by its status as Latin America's first SBTi-validated financial group.
SEC Adopts Final Climate Disclosure Rules Requiring Large US Registrants to Report GHG Emissions and Climate Risks
The SEC adopted final climate disclosure rules on 6 March 2024, mandating Scope 1 and 2 GHG emission reporting and climate risk governance disclosures for large US registrants.
Canada Issues C$4 Billion Sovereign Green Bond Under Updated Framework Including Nuclear Energy
The Government of Canada has issued a C$4 billion 10-year sovereign green bond under an updated framework that, for the first time, includes nuclear energy expenditures as an eligible category.
Dubai Islamic Bank Issues USD 1 Billion Sustainable Sukuk in Third Green Debt Issuance
DIB's latest USD 1 billion sustainable sukuk is its third such issuance and takes its outstanding sustainable sukuk to USD 2.75 billion.
ABN AMRO Updates Green Bond Framework to Align with EU Taxonomy and EU Green Bond Standard
ABN AMRO published an updated Green Bond Framework on 14 February 2024 to align with the EU Green Bond Standard and EU Taxonomy, replacing its previous framework.
HDFC Bank Issues USD 300 Million Sustainable Finance Bond to Fund EV Lending, SMEs, and Affordable Housing
HDFC Bank launched its first sustainable finance bond, raising USD 300 million to fund electric vehicle loans, SME lending, and affordable housing as part of a USD 750 million offering.