BCEAO Hosts International Conference on Central Banks and Climate Change in Dakar
The BCEAO convened an international conference in Diamniadio, Senegal on 6 February 2024 to examine the role of central banks in meeting the challenges of climate change.
Bank Al-Maghrib Governor Sets 10% Target for Green Bond Holdings in Morocco's FX Reserves
Bank Al-Maghrib's governor said at a climate conference in Rabat on 2 February 2024 that the central bank has a long-term target of raising green, social and sustainable bonds from 7% to 10% of Morocco's foreign exchange reserves.
Erste Bank Croatia Issues Country's First Green Preferred Senior Bond at EUR 400 Million
Erste Bank Croatia placed a EUR 400 million green preferred senior bond listed on the Vienna Stock Exchange in January 2024, a first for any Croatian bank.
European Central Bank Publishes Expanded 2024–2025 Climate and Nature Work Plan
The ECB set out an expanded climate and nature agenda for 2024–2025 in January, covering nature-related risk assessment, greener monetary policy, and supervisory follow-up on banks' climate risk management, including preparatory work on transition planning.
CIBC Issues EUR 500 Million Green Bond Allocated to Clean Energy
CIBC issued a EUR 500 million three-year green bond on 29 January 2024, its second green bond, with proceeds allocated to clean energy (wind) assets.
Banorte Receives Sustainalytics Second-Party Opinion Validating Its Sustainability Finance Framework
Sustainalytics has confirmed that Banorte's Sustainability Finance Framework aligns with Green Bond Principles 2021 and Social Bond Principles 2023.
Bangko Sentral ng Pilipinas Announces Green Taxonomy Development to Boost Climate Finance
BSP Governor Eli Remolona announced plans to develop a green taxonomy as part of a strengthened sustainability agenda, building on existing ESG bond incentives.
EU's CSRD starts to apply to first wave of companies for financial year 2024
Large public-interest entities with more than 500 employees, including listed companies, banks and insurers, must now report under the European Sustainability Reporting Standards, with first reports due in 2025.
Ecobank Signs $200 Million Sustainability-Linked Loan, a First for Sub-Saharan Africa
Ecobank Transnational Incorporated has signed a USD 200 million sustainability-linked loan arranged by Proparco, the first such facility for a financial institution in Sub-Saharan Africa.
UAE banks pledge AED 1 trillion in sustainable finance by 2030 at COP28
The UAE Banks Federation said the country's national banks had collectively pledged to mobilise more than AED 1 trillion, or over USD 270 billion, in sustainable finance by 2030.
Société Générale targets 80% cut in upstream oil and gas exposure by 2030, plans EUR1 billion transition fund
The French bank set an intermediate goal of a 50% reduction by 2025 against 2019 levels as part of the 2026 strategic plan unveiled by chief executive Slawomir Krupa.