Sustainable Fitch’s Post

During Finance Day at #cop28, the Network for Greening the Financial System (NGFS) introduced their report aiming to support global efforts to increase blended finance for climate mitigation and adaptation investments in emerging markets and developed economies. The report also features a case study from GuarantCo, part of The Private Infrastructure Development Group, on their transaction with EVN Finance Joint Stock Company (pages 44, 45). The VND 1,150 billion (c. USD 50 million) partial credit guarantee provided by GuarantCo supported a VND 1,725 billion (c. USD 75 million) bond issuance by EVNFinance. This transaction was Vietnam’s first onshore, local currency, internationally verified green bond, as supported by the Global Green Growth Institute, and the first-ever partially guaranteed corporate bond that attracted institutional investors including AIA Vietnam and Manulife Vietnam.   To read the report: https://lnkd.in/d_eTS8c6 #blendedfinance #creditsolutions #climateaction #impactinvesting

Convergence contributed to this recently published technical document by the Network for Greening the Financial System (NGFS). The document, entitled Scaling Up Blended Finance for Climate Mitigation and Adaptation in Emerging Markets and Developing Economies (EMDEs), identifies recommendations aimed at addressing key barriers to scaling blended finance in EMDEs, and showcases demonstrative projects from various EMDEs that have successfully crowded in private capital into climate financing projects. Learn more: https://bit.ly/3RxLIqn Read the full Technical Document: https://bit.ly/47MXsfh #blendedfinance #emergingmarkets #developingeconomies #EMDEs #climate #climateaction #climatefinance #mitigation #adaptation

🌍 Geneva and Zurich shine globally! In the latest Green Global Finance Index, Switzerland stands out with both financial hubs ranking Top 5 in sustainable finance. Ahead of EU and Asian centers, Geneva climbs to third place, and Zurich soars nine spots to fourth. Sustainable finance gains momentum! 🌿 https://lnkd.in/dPC2pKug #sustainablefinance #greenfinance #financeleaders #swissfinance #globalrankings #sustainability #geneva #zurich #ggfi #economicdevelopment #environmentalprogress #financialcenters #toprankings #greeninfrastructure #cop28 #swissambition #policyframeworks #internationalinitiatives #financeindustry #financialnews #globalmarkets #economicgrowth #sustainablefuture #leadership #esg #climateaction #financialrankings #industryefforts #swisscommitment #newsupdate #economicimpact #swissleadership #greeninvestment #top5rankings #worldfinance #leadingtheway

Natural capital accounting (NCA) helps assign proper value to countries’ natural resources, offering a richer economic picture than GDP does alone. However, it isn’t widely used yet. Read the latest blog from William Nicolle, a fellow of the UBS Sustainability and Impact Institute, to find out how we can better value nature in our economies. https://lnkd.in/eBDrPXqY #shareUBS #ImpactEconomy #Sustainability #ESG #GDP #NCA #TheInstitute

“(ESG) considerations is no longer viewed as an option, but a sign of future-readiness, relevance and competitiveness,” remarked Eric Lian, Head of Commercial Banking at UOB.  This sentiment is reinforced by a study projecting that climate change will impose heightened debt servicing costs on nearly 59 nations in the next decade, due to a 'climate-adjusted ratings system' and the delay of green investments. The introduction of new emissions reporting regulations has created a challenge for investors as well in distinguishing green companies, as there exists significant room for misinterpretation. Nonetheless, as good governance serves as the foundation of corporate resilience and sustainability, Singapore has made strides with the Singapore Governance and Transparency Index (SGTI) scores improving significantly this year. The challenge of achieving an Asia-wide net-zero future, on the other hand, was underlined at the inaugural Energy Asia 2023, which stressed the necessity for more regional collaboration amongst energy security and affordability concerns. Subscribe to our newsletter for the full consolidation of this week’s global ESG headlines: https://bit.ly/40Wyl5P Top ESG stories from this week include:    Singapore 🇸🇬     🌱 Singapore companies scoring higher in corporate governance; Singtel reclaims top spot (2 August)  https://bit.ly/440Iu2s  🌱No sustainability, no impact: Corporates can’t be in two minds, UOB heads say (3 August)  https://bit.ly/45nA1YB     Asia 🌏  🌱 Balancing energy security, affordability and sustainability: Conference spotlights pathways for Asia’s net-zero future (3 August)  https://bit.ly/45kIFqq    🌱China’s Belt and Road energy projects set for ‘greenest’ year: research (2 August)   https://bit.ly/3Qr61GX     Global 🌎     🌱Climate change puts sovereigns at downgrade risk, study finds (7 August)  https://bit.ly/3Yq7Wxf  🌱Investors struggle to identify green companies with new emissions reporting rules (2 August)  https://bit.ly/3Oultzc  🌱Over Half of M&A Dealmakers Have Cancelled Deals on ESG Due Diligence Findings: KPMG Survey (7 August)  https://bit.ly/3s7mbed     #ESG #Sustainablefinance #STACSESGFinanceWeekly Ray Ferguson | Benjamin Soh | Sharon Yuen | David Teo | Jin Ser | Thanda Aye (Tracy) | Sheena Ang | Kimberly Lee | Cleo Tan | Benjamin Tan | Grace Lim 

The Latin American sustainable finance market has diverged from the rest of the world by emphasizing the importance of social factors and Just Transition relative to climate considerations, says Sustainable Fitch in a new report, "Latin America Sustainable Finance Snapshot: Merging Social Considerations and Novel Financial Instruments in Decarbonization Plans" from Tamara Tisminetzky, Director, ESG Research. DOWNLOAD REPORT: https://ow.ly/IQ6T50Qe4jH Key points include: - Latin American labelled bonds market trends are diverging from the rest of the world, with sustainability and social bonds predominating over the green label, indicating a unique focus on social objectives. - Sustainable Fitch believes the strength of sovereign SLBs in the region lies in anchoring countries’ public debt with climate-related targets and the NDCs in the long-term, widening the potential investor base while tackling persistent liquidity challenges. - The primary approach to carbon pricing in Latin America is through carbon tax, in line with global trends for emerging markets. - Sustainable Fitch anticipates that the selection of carbon credits will become an increasingly meticulous process to assess the best trade-off between carbon credits’ cost and their quality, to mitigate greenwashing risks. #SustainableFinance #Sustainability #ESG #LatinAmerica #LATAM #SocialBonds #SLB

One of the biggest challenges of ESG lies in the legislation. In APAC, several countries have initiated ESG-related acts early. #Singapore is among the first in Asia to propose mandatory climate reporting for non-listed companies with the Green Finance Action Plan launched in 2019, followed by #SouthKorea (the K-ESG guide), #Japan (FSA policy), #NewZealand, IFRS S2, and TCFD as the newest forces in ESG, among others. CONTEXT’s CEO, Howard Davies, recently shared insights into the ESG market at a recent event held by #CircularComputing, offering some remarkable insights into current trends and the potential direction if remanufactured laptops were adopted mainstream. What are the challenges? Follow CONTEXT APAC to find out soon. #ESG #Sustainability #esgstrategy #CircularEconomy #Sustainable #APAC #B2B #CONTEXTAPAC #BusinessIntelligence #circularcomputing

My latest report with Sustainable Fitch shines a spotlight on the unique approach #LatinAmerica is taking in their sustainable finance market.      While the world is charging forward with green labels, Latin America is carving their own path, emphasizing social factors. We delve into the potential reasons driving this unique trend and we also explore the prospects of world's first sovereign SLBs, the main approach to carbon pricing, and the regional carbon market.      Ready to dive in? Download the report right here: https://ow.ly/IQ6T50Qe4jH   Spanish and Portuguese versions of the report will soon be available on our website: https://lnkd.in/djYKmvu6      #LATAM #SLB #justtransition #sustainablefinance

The Swiss Government's Fair Finance Program aimed to improve the social and environmental outcomes of national and cross-border investments in SE Asia by promoting sustainable financing and ESG principles among the financial sector actors that fund operating businesses. The program sought to influence financial sector actors' business or investment decisions to consider the long-term benefits of ESG criteria for their customers and the society in which they operate. It supported financial sector actors in adopting a sustainable financing approach and integrating ESG criteria in assessing the sustainability and ethical impact of an investment in a business operating within and from the various SE Asian countries within the study. TSC Global deployed its international financial sector experts who conducted a review process using a theory-of-change analytical approach to examine the activities carried out by the various ESG interventions and their impact achievement. The study revealed that SE Asian banks, even when they were funding business investment, were reluctant to voluntarily adopt and institutionalize sustainable financing and ESG principles in their own activities and investment, as they faced different drivers than registered banks in the developed economies – with low participation and influence by depositors in a highly unbanked market and less dependence on market investment capital funders who are trending towards identifying strongly with ESG adoptions. #SwissGovernment #FairFinance #SEAsia #ESG #SustainableFinancing

EU: More fiddling while Rome burns. Has ANYBODY ever bothered to ask the beleaguered investors/savers? And why is a Free Market solution not viable? If there would be demand for any ESG/SRI/IMPACT product there surely would be more than enough firms happy to offer it? https://lnkd.in/eFqhKWx4 #ESG #SRI #IMPACT #REGULATION #EU