Green Guarantee Company

The Green Guarantee Company (GGC), the world’s first climate-focused guarantee company, celebrated the launch of its operations with a Market Closing Ceremony at the London Stock Exchange (LSE) this past Friday. GGC is set to unlock billions in climate finance for developing countries by providing guarantees for institutional investors buying green bonds issued and listed on the LSE and green loans issued in the private credit market. The company is receiving capital from the United Kingdom's Foreign, Commonwealth and Development Office (FCDO) through its MOBILIST Global programme, the Green Climate Fund, the NSIA: Nigeria Sovereign Investment Authority (NSIA), the United States Agency For International Development (USAID) with Prosper Africa, and Norfund.   GGC will leverage an initial $100 million from these investors to provide up to $1 billion of guarantees underpinned by an investment grade rating of BBB/Stable from Fitch Ratings. Initially, it will focus on private credit and the LSE green bond market but plans to expand to other major exchanges. It will seek to raise additional capital from the private sector as it scales its operations, targeting a guarantee capacity of $5 billion or more by 2035.    Christopher Marks, Board Director at GGC, says: “GGC will provide pivotal support to enable issuers from developing countries to gain the financing they need to combat the impact of climate change on their populations, particularly the poorest. This support is critical as both increased fiscal pressure post-pandemic and downward pressure of sovereign ratings of developing countries will limit their private sectors’ access to global debt capital markets at a time when climate action is becoming increasingly urgent.”

The Green Guarantee Company is pleased to be part of this webinar,“Gender and Energy Nexus within Climate Blended Finance” that aims to equip attendees with the knowledge and tools to bridge the gap between gender, energy, and climate blended finance. Register today! 👇

Thank you to Devex for having our CEO, Lasitha Perera join a highly distinguished panel with Kate Warren, Katherine Stodulka, Nick O'Donohoe and Dharshan Wignarajah at London Climate Action Week to discuss the role of the Green Guarantee Company in mobilising more climate finance from global capital and credit markets. Some important points that were discussed: ⚖ A guarantee, as in the case of any blended finance tool, cannot in itself make a bad climate project a viable one. Thus where guarantees can be most helpful is when a viable climate project is being mistaken for a bad climate project due to risk misperception or information asymmetry. 💡 🚦 Credit ratings are opinions not facts. While credit ratings can be a useful tool they can also be subject to bias and/or constrained by the underlying methodology used to form them. Again guarantees can be useful by helping viable climate projects constrained by a low credit rating access finance on better terms. 💰 📈 In a world where the budgets of donors are coming under increasing pressure guarantees offer an opportunity to do more with less. As such guarantees stand to play an important role in helping bridge the climate finance gap. 💪

The impact of climate change on humanity's ability to feed itself is existential. According to the FAO and the International Disaster Database in the past 30 years, nearly USD$ 4 trillion worth of crops and livestock production have been lost globally due to disaster events, corresponding to an average loss of 5% of annual global agricultural GDP. The increasing severity and frequency, from around 100 events per year in the 1970s to 400 events per year worldwide in the past 20 years, will only worsen under a “business as usual” scenario with perpetuation of conventional agricultural production methods. In other words, something needs to change. Fast. Fast needs finance. This excellent report by the The Rockefeller Foundation, Transformational Investing in Food Systems and Pollination discusses some of the challenges faced in financing regenerative (i.e. climate resilient) agriculture solutions and highlights how guarantees are one of the key financing tools available, including from the Green Guarantee Company. 💪 https://lnkd.in/ebyf7HYP

The Green Guarantee Company (GGC), the world’s first climate-focused guarantor, has taken a key step towards becoming fully operational by announcing its inaugural Board of Directors. The new Board will be comprised of Christopher Marks (Chair), Price Lowenstein, Thomas Venon, Aminu Umar-Sadiq, Stacy A. Swann and Ricardo (Rick) Nogueira.   The new Board, bringing deep experience in climate finance, emerging markets, capital markets and insurance, will help oversee and guide GGC’s strategy and performance. To learn more about our new Board members please click here: https://lnkd.in/eDaERWex GGC is an investment grade (Fitch Ratings BBB/Stable) guarantor that will credit enhance debt instruments issued by climate mitigation and adaptation projects in developing countries, thereby enabling investors in global capital and credit markets to invest.   GGC has a USD 1 billion guarantee capacity underpinned by capital provided by several blue-chip investors being the UK’s Foreign, Commonwealth and Development Office via its MOBILIST Global programme, the Green Climate Fund, the NSIA: Nigeria Sovereign Investment Authority, USAID with Prosper Africa and the U.S. Department of State, and Norfund.   GGC is managed by The Development Guarantee Group.

The Green Guarantee Company (GGC), the world’s first climate-focused guarantor, has taken a key step towards becoming fully operational by announcing its inaugural Board of Directors. The new Board will be comprised of Christopher Marks (Chair), Price Lowenstein, Thomas Venon, Aminu Umar-Sadiq, Stacy A. Swann and Ricardo (Rick) Nogueira.   The new Board, bringing deep experience in climate finance, emerging markets, capital markets and insurance, will help oversee and guide GGC’s strategy and performance. To learn more about our new Board members please click here: https://lnkd.in/eDaERWex GGC is an investment grade (Fitch Ratings BBB/Stable) guarantor that will credit enhance debt instruments issued by climate mitigation and adaptation projects in developing countries, thereby enabling investors in global capital and credit markets to invest.   GGC has a USD 1 billion guarantee capacity underpinned by capital provided by several blue-chip investors being the UK’s Foreign, Commonwealth and Development Office via its MOBILIST Global programme, the Green Climate Fund, the NSIA: Nigeria Sovereign Investment Authority, USAID with Prosper Africa and the U.S. Department of State, and Norfund.   GGC is managed by the The Development Guarantee Group.

Thanks to Structured Credit Investor and my co-panellists Elena Rinaldi, CFA, James Vergara and moderator Anna Bak for a rich discussion on ESG credit impact in securitisations. It is clear the asset class has an important role to play in channeling finance to the #carbontransition, is generally resilient given its diversification and structural enhancements, and whilst data on ESG features of the collateral pools is improving, more needs to done. The investor will is there; availability of qualifying loans should improve over time; and clear and consistent regulation is important to enable transactions.

Join us at The Development Guarantee Group (DGG)! At DGG, we are dedicated to driving positive change in the world through guarantees, and we need passionate, solution driven individuals to help us achieve our mission. The DGG Portfolio team is responsible for selecting, executing, and maintaining a well performing portfolio of guarantees for each of our impact strategies. We are looking for Portfolio Managers to work on our first impact strategy, being the Green Guarantee Company, and to help us build a portfolio of guarantees that mobilises institutional capital from global capital and credit markets at scale, to finance projects that are delivering positive climate impact in developing countries. Find out more about the Portfolio Manager role by clicking on the link below! https://lnkd.in/eyBHRhG9 To apply please send your Curriculum Vitae and a Cover Letter (Max 500 words) explaining why you are a suitable candidate for the role and email it to: recruitment@guarantee.dev Deadline: Friday 12th April 2024 #climate #greenfinance #guarantees #hiringnow

We are delighted to be showcased in Prosper Africa’s annual deal book! Check it out! 👇

The Green Guarantee Company (GGC), managed by The Development Guarantee Group is delighted to announce the U.S. government's participation in establishing the Green Guarantee Company. This builds on the developments that took place yesterday at COP28 UAE. The U.S. government, in collaboration with USAID and the U.S. Presidential initiative Prosper Africa, has shared its commitment to this groundbreaking public-private partnership. The establishment of the Green Guarantee Company marks a historic milestone as the world's first privately operated guarantee company dedicated to accelerating the issuance of green bonds and loans in partner nations. The primary focus of the Green Guarantee Company lies in fostering sustainable development in Africa, Asia, and Latin America, making it a pivotal force for positive change on a global scale. #guaranteesforgood #climatefinance #COP28 Lasitha Perera | Boo Hock KHOO | Dale Petrie | Joost Zuidberg | Frank Gosselink | Uzoma Okoro | Anne . | Cardano Development