JONES DAY TALKS®: Riding the Green Bond Wave: Focus is on Standards as Volumes Surge
Podcast: European Green Finance and Sustainability Proposals – Impact for Asset Managers
Information générale En juin 2025, un groupe d’organismes de conservation, présidé par The Nature Conservancy, a publié de nouvelles normes de pratique à adhésion volontaire pour les projets de conversion de dette, intitulé...more
Christmas is coming early to the ESG bond market as the new EU Green Bond Standard applies from 21 December 2024. The new standard is conceptually similar to existing ICMA use of proceeds standards but quite different in...more
While 2022 showed that the sustainable debt market is not impervious to overall economic slow-down (particularly in the capital markets), 2023 demonstrated its resiliency, even in a high-interest rate market. Notwithstanding...more
The energy transition received a transformative boost when European Union lawmakers approved new voluntary standards for companies that wish to issue "green" bonds. The European Green Bond Standard, which will be finalized on...more
The Situation: On October 5, 2023, the European Parliament and the Council of the European Union adopted the European Green Bond Regulation ("EuGB Regulation"), establishing a voluntary harmonized standard open to both EU and...more
The European Green Bond Standard seeks to be the “gold standard” for green bonds and reinforce the EU’s position as the leading market for sustainable finance. With the adoption of the EU green bond standard (the EU GBS),...more
The Council of the European Union and the European Parliament announced, on 28 February 2023, that provisional agreement on the European Green Bond Standard (the EU GBS and the Regulation) had been reached. More recently the...more
Sustainable finance is the practice of redirecting public and private capital towards investments that support ESG goals and outcomes. The market dynamics of sustainable finance are driven by the need for enormous investments...more
The Colombian Financial Superintendence (Superintendencia Financiera de Colombia or SFC) established the specific conditions that must be incorporated by securities issuers at the time of issuing sustainability-linked bonds...more
In a long-awaited report, the EBA offers timely recommendations for Europe’s developing sustainable securitisation market in a world transitioning to green. Key Points: ..The report champions a pragmatic approach to...more
ESG considerations is a key theme that has heavily influenced investments over the past few years and which will no doubt play an even more prominent role in the 2020s. We touched on this briefly in our 2021 closing article...more
On 12 October 2021, the European Commission (EC) issued its first-ever NextGenerationEU green bond, raising a total of €12 billion that will be used exclusively to fund green and sustainable investments across the EU. More...more
What is green finance? The term “green finance” refers to financial products and services provided for project investment and financing, project operation and risk management in sectors such as environmental protection,...more
In this first installment of the Finance Forum Focus Series, Cadwalader special counsel Michael Ruder is joined by Alan Todd, Head of CMBS Strategy at BofA Securities. Michael and Alan discuss Environmental, Social and...more
Institutional investors and regulators across the globe are increasingly focusing on environmental, social and governance (ESG) issues in terms of investment portfolio composition, corporate best practices and corporate...more
Environmental, social and governance (ESG) factors continue to play an increasingly significant role across the capital markets and have an impact on a range of financial instruments and products. We have previously written...more
The promotion of green finance and investment in sustainable projects continues to be a key policy of the government of the United Arab Emirates (UAE). The UAE government (with its related entities) has traditionally been the...more
Global momentum behind the fight against climate change has never being stronger, as governments and energy companies around the world make ambitious pledges to reduce carbon emissions to net-zero by 2050. The US, under the...more
The efficiency of the debt capital markets runs on a high degree of homogeneity and standardisation, which enables market participants to make time-sensitive and informed decisions based on a high degree of comparability...more
In this article, we provide a high-level overview of the regulatory regime and key trends in green finance in the Europe, Middle East, and Africa (EMEA) region. This Part 1 addresses the European Union (EU), the United...more
On 19 May 2021, the financial industry taskforce of Singapore (known as the Green Finance Industry Taskforce (GFIT)) released guidelines on climate-related disclosures and a white paper on green finance solutions. Convened by...more
The amount of money invested in Environmental, Social and Governance (ESG) funds has increased exponentially in the past year, and as banks and investors increasingly turn their attention to ESG factors, companies are also...more
On 3 March 2021, Chancellor Rishi Sunak delivered the UK Budget 2021 (the Budget). Understandably, the Chancellor’s focus was on setting out the road map to the United Kingdom’s economic recovery from COVID-19. The Budget,...more
A series of recent developments has driven a rapid increase in sustainability-linked loan and bond issuances in a variety of jurisdictions and industries. Background: Sustainability-Linked vs. Activity-Based - The...more
The UK Government presents initiatives designed to green the UK economy and bolster attractiveness as an international financial centre. On 9 November 2020, Rishi Sunak, Chancellor of the Exchequer, announced several...more