#green bonds

[siliconpalms]

Luxembourg Stock Exchange (LuxSE) and the Rise of Green Bonds: A Gateway to Sustainable Investing

The Luxembourg Stock Exchange (LuxSE) has emerged as a global leader in fostering sustainable finance, particularly through its pioneering role in green bonds. As the first exchange in the world to launch a platform dedicated to green financial instruments, LuxSE stands as a beacon for investors seeking both financial returns and environmental impact. This post delves into the significance of the…

[acquisory]

Green Bonds – A new concept for Indian Securities Market

Introduction

“Green Bonds are the one of the kinds of debt instruments, wherein the issuer gets capital from the investors only if the investment (capital) is being raised to fund green projects relating to renewable energy or emission reductions etc. In order to regulate the Green Bonds market in India the Securities Exchange Board of India (SEBI) in May, 2017 came out with a circular stating the disclosure requirements for issuance and listing of Green Debt Securities in India. Such guidelines demonstrates SEBI’s recognition of the increasing need of dedicated funds for clean energy projects”

Recent transactions have demonstrated the demand for and growth of green bonds in India.

Green Debt Securities as Defined under the Circular

A debt security shall be considered as ‘Green’ or ‘Green Debt Securities’, if the funds raised through issuance of the debt securities are to be utilized for project(s) and/or asset(s) falling under any of the following broad categories-

The scope of the definition has been kept wide to include most types of green projects and SEBI has been empowered to include any other category of projects from time to time.

Disclosures in Offer Documents / Disclosure Documents for Green Debt Securities

The Green Bond Guidelines stipulate the following disclosures and other obligations for the issuing entity which are in addition to the typical disclosure norms applicable to any other type of bond issuance under Issue and Listing of Debt Securities (ILDS) Regulations:

Statement on environmental objectives of the issue of the Green Debt securities;

Brief details of the decision making process the issuer has followed or intends to follow in determining the eligibility of project(s) and/or asset(s) for which green bonds are being issued;

Details of the system/procedures to be employed for tracking the deployment of the issue proceeds;

Details of end utilization of the proceeds; and

Appointment of an independent third — party reviewer / certifier, for reviewing / certifying the processes including project evaluation and selection criteria, project categories eligible for financing by Green Debt Securities.

It is important to note that refinancing of existing green projects / assets has been recognized as an acceptable end-use. Further, the guidelines do not mandate an escrow mechanism to be installed but require the tracking procedure for deployment of funds to be detailed in the disclosures. Whilst the appointment of a third party reviewer/certifier is optional and the prerogative of the issuer, any such appointment should be disclosed in the offer documents.

“The issuer of a green bond to make disclosure about environmental objectives of the issue of such securities in the offer documents. Besides, issue also has to provide details of the systems and procedures to be employed for tracking the proceeds of the issue, including investments made and earmarked for eligible projects in the offer documents.”

Continuous Disclosure Requirements

Apart from the disclosures to be made by the issuer as a part of the offer document/disclosure document, the issuer is required to follow a set of continuous obligations and periodically submit certain documents to the SEBI. The following disclosures are to be made:

End-use Monitoring: Detailed reporting on utilisation of proceeds on the basis of any internal tracking done by the issuer where such internal tracking is verified by an external auditor and details of unutilised portions are required to be submitted on a half yearly basis and along with annual financial statements.

Annual reporting: On an annual basis, along with the submission of the annual report, the issuer is required to disclose the quantum of amount raised and a list of projects with brief descriptions, for which such amounts are raised. Specific details would not be required where such information is confidential. For such projects general sectoral information would suffice.

Performance evaluation: The issuer is required to set out certain qualitative and quantitative performance indicators and the underlying assumptions used in preparation of such performance indicators and metrics. In the event the issuer is unable to ascertain the quantitative benefits/impact, reasons for non-ascertainment are to be provided.

Responsibilities of Issuer

An issuer of Green Debt Securities is required to undertake additional responsibilities in determining whether a particular project/asset warrants such funding, maintain a decision-making process by disclosing a statement on environmental objectives, ensure that once the project(s)/asset(s) are funded they meet the…

Read more: https://www.acquisory.com/ArticleDetails/45/Green-Bonds-%E2%80%93-A-new-concept-for-Indian-Securities-Market

[revista-amazonia]

Raízen capta US$ 1 bilhão em green bonds com forte demanda no mercado internacional

  A Raízen, após sua estreia no mercado de green bonds em fevereiro, voltou a captar recursos no exterior nesta semana, levantando US$ 1 bilhão. A operação chamou atenção pela grande procura e pelas condições mais favoráveis em comparação com outras empresas brasileiras que também buscaram recursos no mercado internacional recentemente. “Nossa oferta inicial era de US$ 750 milhões, mas a demanda…

[thedacian]

As our planet faces unprecedented environmental challenges, green bonds are paving the way for a sustainable future.

These innovative financial instruments channel funds into projects that mitigate climate change, promote renewable energy and enhance environmental quality.

Imagine a world powered by wind, solar, and clean transportation—green bonds make this vision a reality. 🌍💚

Learn how green bonds are financing the transition to a sustainable economy and why they matter more than ever.

[decodingbiosphere]

The Impact of Sustainable Finance: Key Strategies and Case Studies

In the last few decades, the world has witnessed an increasing urgency to address climate change. As temperatures rise, ice caps melt, and extreme weather events become more frequent, the imperative to find solutions has never been clearer. One of the most promising strategies emerging from this crisis is sustainable finance. This approach to financial management not only seeks to generate…

[ethicsustinvest]

April 2024 Newsletter

News & Commentaries by Ron Robins ————————————————————- New Podcasts:  Best ESG ETFs, Carbon Capture Stocks, More…. And, Top Climate-Smart Stocks ————————————————————-. FDIC bid to strip BlackRock and Vanguard of superpower ‘has legs’ and reckoning may start with curbs on self-certification of passive index funds. “The bank deposit insurer could make the $17-trillion ETF power bloc lose the…

[kc22invesmentsblog]

Understanding the Rise of Green Bonds: Financing a Sustainable Future

Written by Delvin In the realm of sustainable finance, one innovative instrument has been gaining significant traction since the early 2000s – Green Bonds. These financial tools have emerged as a beacon of hope for financing environmentally friendly projects, paving the way for a greener and more sustainable future. Green bonds are a special type of fixed-income instrument designed to raise…

[pallavirajput74]

How Green Bonds Can Help Save the Planet

A green bond is like a special loan, but instead of just making money, it makes the world a better and cleaner place.

[ilbioeconomista]

Storan Enso successfully issued two new EUR 500 million green bonds

Stora Enso paper mill in Hyltebruk (Sweden) Stora Enso has successfully issued two new EUR 500 million green bonds under its EMTN (Euro Medium Term Note) programme. The bonds have 3 and 6.25 year maturities and pay a fixed coupon of 4.00% and 4.25% respectively. The bonds are issued under Stora Enso’s new combined Green and Sustainability-Linked Financing Framework launched in May 2023. The…

[gojuo]

Remember what they're taking from you

Fire and Blood, p. 398:

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Dangerous Women, The Princess and the Queen, p. 783:

Fire and Blood, p. 506:

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[siliconpalms]

Green Bonds: A Strategic Investment for Preserving Biodiversity

In the evolving landscape of sustainable finance, green bonds have emerged as a pivotal tool for channeling investments into environmentally responsible projects. As global awareness of biodiversity loss intensifies, these financial instruments offer a promising avenue for investors seeking both competitive returns and positive environmental impact. At Invest Offshore, we delve into how green…

[puppetmaster13u]

Prompt 345

Let it be known that none of them actually expected the idiots’ of the week’s ritual to work. The summoning hadn’t worked for literal centuries- everyone knew it had been sealed away, presumably forever!

(Of course they had no way to know that in the Infinite Realms actually used the term forever as a measurement of time, what with how time itself wasn’t particularly linear within. And to beings that could hypothetically live for eternity? Forever was a nice vacation time really) 

So maybe they hadn’t been exactly focused on stopping the ritual as much as they could of been, and by the time they realized it was working, well, it’d been a bit too late then. So yes, mistakes had perhaps in fact, been made. 

First had come the chill, the cold of the ground as your body was lowered down, the cold of your blood dripping from your living corpse. Then came the shadows, the darkness creeping along their vision as their soul slipped from their body. Followed by boiling heat, flames scorching through their flesh and tearing from their chests like a blade piercing their hearts. 

The form that emerged was massive, a cloak dripping crimson fluttering in the wind of an unseen battlefield, verdant flames licking at the air and causing the surrounding shadows to writhe. A dark growl echoed through the building, the stone below them shaking while deathly green eyes glowered down at the living with utter contempt. 

“Do any of you imbeciles know how long it takes to get ghostlings to sleep-” 

[hotch-girl]

EVA GREEN as VESPER LYND

CASINO ROYALE (2006)

[mimimar]

i've been completely charmed by witch hat atelier♡

(art prints)

[ethicsustinvest]

Do Green Bonds Actually Lead to Rosy Returns?

Do Green Bonds Actually Lead to Rosy Returns? “Skeptics argue these instruments amount to little more than greenwashing. New research supports this critical view, revealing that stock prices, ESG scores, and emissions do not improve following green-bond issuance.” Based on the research of Aaron Yoon, and Sanjai Bhagat, April 1, 2024, Kellogg School of Management, Northwestern University,…