International Capital Market Association

Constellation Offers Nation’s First Corporate Green Bond for Nuclear Energy

Retrieved on: 
Monday, March 18, 2024
Other Energy, Utilities, Environment, Sustainability, Alternative Energy, Energy, Nuclear, Constellation, CFO, Climate, CNBC, Capital, Sustainalytics, Wind, Carbon, Investment, Nuclear energy, International Capital Market Association, CEG, Loan Market Association, Renewable energy

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, today issued the first corporate green bond in the United States that can be used to finance nuclear energy projects.

Key Points: 
  • Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, today issued the first corporate green bond in the United States that can be used to finance nuclear energy projects.
  • “With the nation’s first-ever corporate nuclear green bond issuance as part of our long-term financing mix, Constellation and the market have again confirmed: Nuclear investments are long-term sustainability investments.”
    The nuclear green bond offering was based on a new green financing framework that Constellation developed to enable the company to issue green financial instruments.
  • Crédit Agricole CIB, the corporate and investment banking arm of Crédit Agricole Group, served as Green Structuring agent in Constellation's nuclear green bond offering.
  • “Our bank is pleased to have supported Constellation on the first-ever U.S. corporate green bond with proceeds allocated towards nuclear energy.

BMO Publishes an Updated Sustainable Bond Framework with Innovative Green, Social and Transition Financing Categories

Retrieved on: 
Thursday, April 4, 2024
ICMA, EMPOWER, Climate change, Moody's Investors Service, BMO, Transition, General counsel, Risk, Bank, Party, Sale, Sustainability Bonds, Power plant engineering, Nature, Insurance, Outline, Bank of Montreal, Annual report, Nuclear energy, Green bond, International Capital Market Association, Government, Legislation, Renewable energy

Under the updated Sustainable Bond Framework, BMO may issue four types of sustainable bonds: Sustainability Bonds, Green Bonds, Transition Bonds and Social Bonds.

Key Points: 
  • Under the updated Sustainable Bond Framework, BMO may issue four types of sustainable bonds: Sustainability Bonds, Green Bonds, Transition Bonds and Social Bonds.
  • Recognizing nuclear power's role in energy transition, BMO included nuclear energy as an eligible green financing activity.
  • "We are pleased to announce these updates to BMO's Sustainable Bond Framework including the addition of nuclear energy and transition uses of proceeds" said Sharon Haward-Laird, General Counsel, BMO Financial Group, and Chair of the BMO Climate Institute.
  • This is reflected in our inclusion of innovative green, transition and social financing categories in our updated Framework.

Orexo strengthens its sustainability work by establishing a social financing framework

Retrieved on: 
Friday, March 8, 2024
Second opinion, Substance abuse, International Capital Market Association, Carnegie Investment Bank, Overalls, Vaccine, VIVIsectVI, APLMA, ABG Sundal Collier, ICMA, Sustainalytics, Orexo, Loan Market Association, Online shopping

Additionally, Sustainalytics considers the Social Framework to be credible, impactful and to be aligned with the overall sustainability strategy of the Company and that the use of proceeds category will contribute to the advancement of UN Sustainable Development Goal 3 – Good Health and Wellbeing.

Key Points: 
  • Additionally, Sustainalytics considers the Social Framework to be credible, impactful and to be aligned with the overall sustainability strategy of the Company and that the use of proceeds category will contribute to the advancement of UN Sustainable Development Goal 3 – Good Health and Wellbeing.
  • The Social Framework and the Second Opinion are available on Orexos's website under the heading ESG Sustainable investing and Orexo intends to regularly report on the underlying social eligible projects which will be published on the Company's website.
  • ABG Sundal Collier AB and Carnegie Investment Bank have acted structuring advisors in connection to the establishment of the Social Framework.
  • As announced today in a separate press release, Orexo contemplates to issue new senior secured callable floating rate social bonds under the Social Framework.

Orexo strengthens its sustainability work by establishing a social financing framework

Retrieved on: 
Friday, March 8, 2024
Second opinion, Substance abuse, International Capital Market Association, Carnegie Investment Bank, Overalls, Vaccine, VIVIsectVI, APLMA, ABG Sundal Collier, ICMA, Sustainalytics, Orexo, Loan Market Association, Online shopping

Additionally, Sustainalytics considers the Social Framework to be credible, impactful and to be aligned with the overall sustainability strategy of the Company and that the use of proceeds category will contribute to the advancement of UN Sustainable Development Goal 3 – Good Health and Wellbeing.

Key Points: 
  • Additionally, Sustainalytics considers the Social Framework to be credible, impactful and to be aligned with the overall sustainability strategy of the Company and that the use of proceeds category will contribute to the advancement of UN Sustainable Development Goal 3 – Good Health and Wellbeing.
  • The Social Framework and the Second Opinion are available on Orexos's website under the heading ESG Sustainable investing and Orexo intends to regularly report on the underlying social eligible projects which will be published on the Company's website.
  • ABG Sundal Collier AB and Carnegie Investment Bank have acted structuring advisors in connection to the establishment of the Social Framework.
  • As announced today in a separate press release, Orexo contemplates to issue new senior secured callable floating rate social bonds under the Social Framework.

TELUS ANNOUNCES THREE-TRANCHE NOTE OFFERING

Retrieved on: 
Tuesday, February 13, 2024
Sustainability, System, Research, Note, International Capital Market Association, Targets, Retrieval, SLB, ESG, Line of credit, Series, Climate change, Science Based Targets initiative, Sustainalytics, CIBC, TELUS, Science, Failure, GHG, Security (finance)

Closing of the offering is expected to occur on or about February 15, 2024.

Key Points: 
  • Closing of the offering is expected to occur on or about February 15, 2024.
  • The Series CAN notes are "Sustainability-Linked Bonds" issued pursuant to TELUS' Sustainability-Linked Bond Framework announced on June 14, 2021, as it may be amended, restated and/or replaced from time to time (the "Framework") and will be TELUS' sixth bond offering under the Framework.
  • The Series CAN Note offering supports TELUS' commitment to environmental sustainability by linking financing to the achievement of ambitious ESG targets.
  • TELUS' performance as well as the limited assurance report will be included in its annual Sustainability and ESG Report, or other similar report(s) as the case may be, and will be available on TELUS' website.

Tricolor Issues Social Bond to Advance Financial Inclusion in Underserved Hispanic Communities

Retrieved on: 
Thursday, January 25, 2024
FICO, JPMorgan Chase, International Capital Market Association, Framework, CDFI, ABS, Community development financial institution, Treasury, Class D, AI, Jules Kroll, Sale, S&P Global Ratings, Community development, Transport, ICMA, Barclays

DALLAS, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Tricolor today announced a $271 million social bond – its third overall – to empower underserved, low-income communities and provide them with improved access to mainstream financing.

Key Points: 
  • DALLAS, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Tricolor today announced a $271 million social bond – its third overall – to empower underserved, low-income communities and provide them with improved access to mainstream financing.
  • The transaction was oversubscribed by 3.4X on the available classes; the Class D and Class E bonds were pre-placed.
  • Tricolor leverages artificial intelligence (AI) to successfully underwrite and extend affordable loans to credit invisible customers.
  • By providing deserving people with access to reliable, affordable transportation and moving them into the financial mainstream, Tricolor aims to reverse systemic financial inequality in America.

Fannie Mae Announces Single-Family Social Bond Framework

Retrieved on: 
Tuesday, January 23, 2024
Capital market, Social, MBS, Housing, Fannie Mae, Freddie Mac, Enterprise, Federal Housing Finance Agency, OTCQB, Investment, International Capital Market Association, Groundwork, FNMA, FHFA, Sustainalytics, Insurance

WASHINGTON, Jan. 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the launch of its Single-Family Social Bond Framework and updates to disclosures for the company's Single-Family mortgage-backed securities (MBS), aimed to further support access to credit and affordable housing as part of its mission and goals.

Key Points: 
  • The updated Social Bond Framework describes the Fannie Mae mortgage collateral eligible to be pooled, issued, and labeled as Single-Family "Social MBS."
  • The Fannie Mae Single-Family Social Bond Framework is being rolled out in alignment with Freddie Mac and in cooperation with the Federal Housing Finance Agency (FHFA).
  • This opinion letter acknowledges that the Social Bond Framework is credible and impactful, and aligns with the four core components of the International Capital Market Association's Social Bond Principles 2023 .
  • Information on the Social Bond Framework and Mission Index can be found on Fannie Mae's website and via our Perspectives blog : "Mission in Focus: Enhanced Disclosures Lay the Groundwork for Single-Family Social MBS."

Equinix Fully Allocates $4.9 Billion of Green Bond Proceeds

Retrieved on: 
Wednesday, December 20, 2023
SBT, OK, PUE, PPA, Biodiversity, IBX, Transport, Wind, GHG, Sustainability, Professional, Pact, Electricity, Climate, Renewable energy, International Capital Market Association, GLP, Wastewater treatment, Building, Carbon, CDP, Global warming potential, GBP, EQIX, Waste management, Environment

Since 2020, six bond offerings have been issued, and as of the end of June 2023, all bonds have been fully allocated.

Key Points: 
  • Since 2020, six bond offerings have been issued, and as of the end of June 2023, all bonds have been fully allocated.
  • Equinix has developed a Green Finance Framework based on the Green Bond Principles and Green Loan Principles, a set of guidelines that promote transparency and integrity in, and advance the standardization of, green debt disclosures.
  • In line with the International Capital Market Association's Green Bond Principles (GBP) 2018 and the Loan Syndications and Trading Association's Green Loan Principles (GLP) 2020, Equinix is allocating 100% of the Green Financing net proceeds to a portfolio of Eligible Green Projects which showcase how Equinix is building and operating sustainably, including Green Buildings; Renewable Energy; Energy Efficiency; Sustainable Water and Wastewater Management; Waste Management; and Clean Transportation.
  • Equinix publishes its Green Bond Allocation and Impact Reports annually to provide transparency on progress.

Panda High Plains Hemp Gin Marks Final Stage Commissioning to Bring Largest Industrial Hemp Processing Facility in the Western Hemisphere Online

Retrieved on: 
Tuesday, December 12, 2023
Cannabis, Retail, Other Natural Resources, Manufacturing, Agriculture, Natural Resources, Textiles, Engineering, International Capital Market Association, Learning, Multimedia, Partnership, Giant panda, Soil

Panda Biotech announced today that building construction is complete and the official commissioning process to bring its Panda High Plains Hemp Gin™ (the “Panda Hemp Gin”) project online began in early Q4.

Key Points: 
  • Panda Biotech announced today that building construction is complete and the official commissioning process to bring its Panda High Plains Hemp Gin™ (the “Panda Hemp Gin”) project online began in early Q4.
  • The facility is expected to be the largest hemp decortication center in the Western Hemisphere and among the largest in the world.
  • View the full release here: https://www.businesswire.com/news/home/20231211826527/en/
    Inside the Panda Hemp Gin, a 500,000 square foot industrial hemp processing facility in Witchita Falls, Texas scheduled to begin commercial operations Q1 2024.
  • Panda’s first project, the Panda High Plains Hemp Gin™ LLC (Panda Hemp Gin), is in partnership with Aka-Ag, LLC, a wholly owned subsidiary of the Southern Ute Indian Tribe Growth Fund.

Impact Disclosure Taskforce Created to Scale Financing of the United Nations Sustainable Development Goals

Retrieved on: 
Tuesday, November 28, 2023
Environment, Finance, Consulting, Banking, Business, Professional Services, Sustainability, Environmental, Social and Governance (ESG), Asset Management, Asian Development Bank, Disclosure, Allianz Global Investors, ISSB, Sustainable Development Goals, CDPQ, Investment, Axa Investment Managers, Bank, Citigroup, Standard Chartered, International Capital Market Association, International Sustainability Standards Board, UNCTAD, AFD, Natixis Investment Managers, SDG, Research, USD, Société Générale, Global Impact, ADB, Conference, DFC, Linklaters, GISD, Task force, Poverty, Deutsche Bank, Engagement, Goldman Sachs, Investment banking, ICMA, Bank of America, UNIS-UN Conference, Innovation, Sustainable finance, ESG, Renewable energy, Asset management, Cryptocurrency

The Taskforce also intends to explore mechanisms for disseminating and analyzing this entity-level impact information to promote transparency and accountability.

Key Points: 
  • The Taskforce also intends to explore mechanisms for disseminating and analyzing this entity-level impact information to promote transparency and accountability.
  • The Taskforce also obtains input from public development banks including the Asian Development Bank (ADB), the French Agency for Development (AFD), and the United States International Development Finance Corporation (DFC), as well as from the Global Impact Investing Network (GIIN), members of the Global Investors for Sustainable Development Alliance (GISD), and Linklaters.
  • Collaborating to provide suggested guidance on standardized impact metrics for development finance will allow entities to more clearly communicate their contribution towards the SDGs.
  • We are working to support greater impact disclosures and ultimately attract more sustainable finance capital to emerging markets and developing countries.”