Episode Summary
Hosts
Nicholas Gandolfo, Director, Corporate Solutions
Marika Stocker, Senior Manager, Corporate Solutions

The recurring theme in this episode’s round up of market developments is innovation! Nick also offers a list of recommended reading for the month (be prepared, it’s a long one) and concludes the tale of his encounter with an elephant in Bangladesh first mentioned in October’s episode.
Innovation is the Name of the Game in Sustainable Finance
The thread of innovation continues throughout sustainable finance – from green cryptocurrency to ESG derivatives, and relinked sustainability instruments (sustainability-linked bonds tied to sustainability-linked loans). Ultimately, it’s good to see the market continue to develop, but caution and scrutiny are needed to ensure that labeling and the increasing complexity of financial instruments don’t lead to greenwashing.
Greening of IPOs
On the heels of Allbirds’ initial public offering (IPO), for which Sustainalytics provided a corporate ESG assessment of the company, there are continuing discussions about the greening of IPOs. As the number of companies going public continues to rise, they are each looking for ways to signal to investors that they are a safe bet when it comes to managing material ESG risk and overall company management. Having their ESG or sustainability performance assessed by a third-party prior to their IPO is one way to do that. Watch this space as we see how this trend develops for new IPOs in 2022.
Recommended Reading
Nick runs down a list of reports and research focused on reducing emissions and transition finance.
IEA – Tracking Report: Methane Emissions from Oil and Gas
McKinsey – Curbing Methane Emissions: How Five Industries Can Counter a Major Climate Threat
IEA – Global Hydrogen Review 2021
IEA – An Energy Sector Roadmap to Carbon Neutrality in China
Energy Transitions Commission – Keeping 1.5°C Alive: Actions for the 2020s
HSCB – A Practitioner’s Guide to Net Zero for Banks

 
Key Moments

01:28


Market overview


02:00


Greening of IPOs


02:40


Google adds carbon data to flight info


03:00


Green cryptocurrency


03:32


EF conference - ESG Risk Ratings


04:08


ESG derivatives


04:46


Taxonomy report from Natixis


05:11


Nuclear power in sustainable finance


05:46


COP 26 highlights


06:19


New in sustainability-linked finance: relinked SLB


07:04


Biodiversity COP15 highlights


07:31


Green industry unicorns


08:03


Report recommendations: McKinsey & IEA methane reports


08:40


CBI interactive data tool


09:36


Green bonds overview


15:10


Social bonds and loans overview


21:21


Audience questions


28:21


SLL overview


30:53


Labeled products overview


32:16


Transition finance overview


33:30


Regulatory and country update

 
Links to Select Resources
Natixis – The New Geography of Taxonomies
CBI Interactive Data Platform
CBI – China Green Securitization State of the Market 2020
Oilprice.com - EU’s Green Bond Debut Comes Out Swinging
Forbes - Africa’s Seychelles Blue Bond Economy Inspires Belize
Natural Gas World - Japan's Inpex Issues Its 1st Green Bonds
Reuters - APICORP sells $750 million in debut green bonds
Sustainalytics SPOs:
Kvika Bank Green Financing Framework Second-Party Opinion
The Famur Group Green Bond Framework Second-Party Opinion
Autodesk Sustainability Financing Framework Second-Party Opinion
OVS Group Sustainability-Linked Bond Framework Second-Party Opinion
Autonom Sustainability-Linked Bond Framework Second-Party Opinion



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