ING Upgrades Green Bond Framework to Global Green Funding Framework, Expanding Eligible Instruments
ING expanded its green funding programme to cover commercial paper, deposits, and covered bonds, with its Eligible Green Loan Portfolio growing to EUR 53.7 billion.
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.
Mexico's Banobras Issues Country's First Blue Bond, Raising USD 250 Million for Water and Marine Projects
Banco Nacional de Obras y Servicios issued Mexico's inaugural blue bond, a USD 250 million instrument aligned with ICMA Green Bond Principles, to finance sustainable water and coastal conservation projects.
KBC Group Issues EUR 750 Million Green Bond and Reports EUR 25 Billion in Environmental Loans for 2024
Belgian banking group KBC issued a EUR 750 million eight-year green bond in 2024 and reported EUR 25 billion in loans with environmental objectives, with EUR 21 billion directed to energy-efficient housing.
Dubai Islamic Bank Issues USD 1 Billion Sustainable Sukuk in Third Green Debt Milestone
DIB's latest USD 1 billion sustainable sukuk is the largest such instrument by a Middle Eastern financial institution in nearly a year.
South African Reserve Bank Initiates Climate Stress Test of Systemically Important Banks
The SARB launched a climate stress test of South Africa's systemically important banks in March 2024, using three NGFS scenarios, and committed EUR 150 million to a green bond as part of its ESG reserve strategy.
China Construction Bank Hong Kong Branch Issues Green Bond Under GSSS Framework
CCB's Hong Kong branch issued a green bond on 9 July 2024 under its Green, Social, Sustainability and Sustainability-Linked Bond framework, as China's aligned green bond market reached USD 68.9 billion for the year.
First Abu Dhabi Bank Reports AED 267 Billion in Sustainable Finance, Reaches 53% of 2030 Target
FAB disclosed AED 267 billion in sustainable and transition finance facilitated by end-2024, reaching 53% of its AED 500 billion 2030 target.
Canada Issues $4 Billion Sovereign Green Bond Under Updated Framework Including Nuclear Energy
The Government of Canada has issued a $4 billion 10-year sovereign green bond under an updated framework that, for the first time, includes nuclear energy expenditures as an eligible category.
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.
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 explore climate finance instruments and shape the regional green finance policy framework for the eight-member WAEMU zone.
Bank Al-Maghrib Governor Pledges to Raise Green Bond Holdings to 10% of Morocco's FX Reserves
Bank Al-Maghrib's governor pledged at a UNEP FI meeting on 2 February 2024 to increase green, social, and sustainable bond allocations from 7% to 10% of Morocco's foreign exchange reserves.