Green Business

Coming after its inaugural SEK 5-year Green Bond in floating rate format, AfDB took advantage of the strong positive momentum and demand created from the first deal to follow up with another SEK 1 billion 5-year transaction – this time in fixed rate format.

The EU ETS’ stock image shows a huge industrial plant that emits a large amount of greenhouse gas, and gives the impression of an allowance market that does not concern so-called “diffuse” sectors like agriculture and forestry. Like any stock image, it is broadly accurate and partially false.

The transaction was placed with 36 investors including the Third Swedish National Pension Fund, AP4, BlackRock, CalSTRs, Calvert Investment Management, Inc, Nordea Investment Management, Pictet Asset Management, Praxis Intermediate Income Fund, State Street Global Advisors (SSgA) for their High Quality Green Bond Fund, TIAA-CREF, and Trillium Asset Management, LLC.

The inclusion of the aviation sector from January 1st 2012 onwards represents a new step in the implementation of the EU Emissions Trading Scheme (EU ETS)…

The aim of the Responsible Investor Award is to reward institutional investors who have stood out as responsible investors through their actions over the previous twelve months.