SMFG Issues EUR 500 Million Green Bond With Full Proceeds Allocated to Five Renewable Projects
Sumitomo Mitsui Financial Group launched a EUR 500 million seven-year green bond under its Green Finance Framework, directing all proceeds to two solar and three wind energy projects by year-end 2024.
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.
Banorte Issues MXN 13.06 Billion Sustainable Bond as Latin America's First SBTi-Validated Financial Group
Mexico's Banorte issued a MXN 13.06 billion sustainable bond in Q1 2024, backed by its status as Latin America's first SBTi-validated financial group.
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.
CIBC Issues EUR 500 Million Green Bond Allocated to Wind, Solar, and Green Buildings
CIBC priced a EUR 500 million three-year green bond on 29 January 2024, directing proceeds across 23 clean energy and green building transactions in its second such issuance.
Banorte Receives Sustainalytics Second-Party Opinion Validating Its Sustainability Finance Framework
Sustainalytics confirmed in January 2024 that Banorte's Sustainability Finance Framework aligns with Green Bond Principles 2021 and Social Bond Principles 2023.
FirstRand Bank Publishes Green Bond Report on R3.5 Billion October 2023 Issuance
FirstRand Bank has released its green bond allocation and impact report covering two bonds totalling R3.5 billion issued in October 2023, with proceeds targeting renewable energy and green buildings.
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.
ABN AMRO Updates Green Bond Framework to Align with EU Taxonomy and EU Green Bond Standard
ABN AMRO updated its Green Bond Framework in January 2024 to align with the EU Green Bond Standard and EU Taxonomy, replacing the 2018 framework amid €10.5 billion in outstanding proceeds.
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 latest Green Bond Principles and the EU Taxonomy for Sustainable Activities.
Central Bank of UAE Sets AED 1 Trillion Sustainable Finance Mobilisation Target for 2030
The CBUAE announced a target to mobilise AED 1 trillion in sustainable finance by 2030, building on commitments made at COP28 Finance Day in the UAE.
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.