First $100bn Certified against Climate Bonds Standard: Milestone for Global Best Practice in Green Investment

Over 100 organisations from 30 countries Certify green bonds and loans against Climate Bonds Standard

From sovereigns & sub-sovereigns, world's biggest banks & rail companies: Certified issuance sees uptake across mutiple sectors

Achored to science, aligned to Paris Agreement

Cumulative Certified green issuance under the Climate Bonds Standard has reached USD100.87bn, a significant market milestone for the international assurance scheme established by the Climate Bonds Initiative in 2011.

Certified green bonds and loans have been issued by over 100 organisations from over 30 nations across 21 currencies, shaping the direction of global green finance markets in both developed and emerging economies.

Progress in 2019

In 2019, to date the global green bond & loans market has reached a record USD228.6bn, about a fifth of the market (19%) of that issuance Certified under the Climate Bonds Standard. Highlights include Kenya’s first green bond, issuance from the automobile giant Porsche and a 100-year green bond, part of a Programmatic Certification series from French rail conglomerate SNCF Réseau.

The largest green bond of 2019 and the second largest green bond issued to date was the Certified Sovereign Climate Bond from Netherlands for EUR 5.98bn (USD 6.68bn).

The governments of Nigeria and Chile have also issued sovereign green bonds Certified against the Standard.

The List

Certified green bond and loan issuance has originated from Australia, Barbados, Belgium, Brazil, Chile, China Colombia, France, Germany, Greece, Hong Kong, India, Italy, Japan, Kenya, Luxembourg, Mauritius, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Norway, Philippines, Poland, Singapore, South Africa, Russia, Thailand, United Arab Emirates, United Kingdom and United States.

The United States leads on overall Certified issuance by volume followed by Australia, France, India, Netherlands and Germany.

Issuer Snapshot

High profile institutions that have certified green investments against the Standard include some of the world’s biggest banks: Industrial & Commercial Bank of China (ICBC), Bank of China (BOC), China Construction Bank (CCB) & China Development Bank (CDC) and Industrial Bank Co., Ltd (IBC). Other banks have also been prominent including the State Bank of India (SBI), Australia’s ANZ, CBA, NAB and Westpac and European based ABN AMRO, ING & Société Générale.

Large scale transport authorities including Indian Railway Finance Corporation (IRFC), New York MTA, Société du Grand Paris (SGP), San Francisco BART, SNCF Réseau & Japan’s JRTT majority of whom are repeat issuers having adopted Programmatic Certification. The governments of Nigeria and Chile have also issued sovereign green bonds Certified against the Standard.

The full Climate Bonds Database of Certified issuance can be found here.

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