What’s Happening in Sustainable Finance: Reflecting on COP26 Pledges, Sustainable Finance for Gender Equality, and More

Episode Summary  Hosts  Nicholas Gandolfo, Director, Corporate Solutions  Aditi Bhatia, Regional Sales Manager, Corporate Solutions    Your hosts Nick and Aditi showcase recent deals and transactions in the global sustainable debt and loan markets, share interesting reports, and highlight new labeled products and regulatory developments in this space.      Climate Promises Made, but What Do They Mean in Practice?  Reflecting on the outcomes from COP26, Nick and Aditi highlight some of the commitments made during the conference and what they could mean going forward. Many of the delegates, including some of the world’s largest polluters, made pledges to target net-zero emissions, curb deforestation, reduce methane emissions, and ‘phase down’ coal and fossil fuels. The issue of what developed nations could and should do to support developing nations in building resilience against the impacts of climate change was also a hot topic. Some participants and observers were dissatisfied with the outcomes from COP26, and their disappointment was understandable. Though things may not be progressing as far or as quickly as needed, it is promising to see that these pressing climate issues continue to take center stage.      Bridging the Gender Gap Through Sustainable Finance  Among the recommended reading for this episode, a recent report from the International Capital Markets Association (ICMA), UN Women, and the International Finance Corporation (IFC) stands out. Bonds to Bridge the Gap: A Practitioner’s Guide to Using Sustainable Debt for Gender Equality, outlines how sustainable finance can help direct capital to reduce the financial and economic inequalities between women and men. The report offers case studies and examples of gender-related activities, targets, and key performance indicators for issuers to consider. In a blog post from last year, Sustainalytics’ Ijeoma Madueke also discussed the idea of using gender lens investing and gender bonds to finance the empowerment and socio-economic advancement of women and girls globally. It’s clear that gender is a key issue that could, and should, be included in more sustainable finance transactions. Key Moments  00:08 Introduction 00:49 Market news 01:10 Forecast for 2022 01:32 CBI Q3 report 02:55 Post-COP 26 insights 04:30 STBi - Net Zero Target Setting Mechanism 05:04 World Bank report on ways to measure GDP 05:33 ICMA, IFC, UN Women Report - Bonds to Bridge the Gender Gap 06:04 Partnership for Carbon Accounting Financials (PCAF) report 07:35 EU/China Common Ground Taxonomy 07:52 IOSCO calling for ESG ratings regulation 08:51 Green bonds overview 14:22 Social bonds and loans overview 15:05 Green loans overview 16:11 SLB overview 20:45 Audience questions 24:25 SLL overview 26:12 Labeled products overview 27:35 Transition bonds overview 29:06 Regulatory update   Links to Select Resources Bloomberg – Modi Urges $1 Trillion to Help India’s Transition: COP26 Update Market Screener – SEB's The Green Bond Report: COP26 - a Qualified Success SBTi – The Net-Zero Standard The Age – Hitting Net-Zero Requires a Major Banking Shake-up Bloomberg – Nuclear Energy Generator Splits ESG Buyers With Green Bond Global Capital – EU, China Produce First Common Ground Taxonomy Responsible Investor – IOSCO: ESG Ratings and Data Need Regulatory Oversight to “Increase Trust” Sustainalytics SPOs: Frost CMBS 2021-1 Green Securitized Bond Framework Second-Party Opinion Barclays Capital Real Estate Inc. Social Bond Framework Second Party Opinion KPN Sustainability-Linked Finance Framework Second-Party Opinion Encevo S.A Green Schuldschein Framework Second Party Opinion Empresa Generadora de Electricidad Haina, S.A. Sustainability-Linked Financing Framework Second Party Opinion More episodes

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