Laurent Bassi’s Post

🌍 The race towards "Net-Zero" by 2050 is not just for industries—it's a challenge for the global financial sector as well. In response, the Science-Based Targets initiative (SBTi), backed by the United Nations, has developed the first-ever data-driven standard to guide this transformation. Earlier this summer, SBTi launched an industry consultation to prepare for a pilot phase. Now, with only days left before the consultation closes, ING is the only financial institution to have stepped forward to test this groundbreaking framework. When people ask me what drives me within ING -especially in a world where leading cutting-edge start-ups 🚀 seems more appealing - well this is it: —because I believe this is where the real impact will come from. Finance has the power to drive the change we need for a sustainable future and I’m very proud to be part of this journey! #proud2beING #NetZero #SustainableFinance #SBTi #ING #ClimateAction #Impact

Proyectos Adamantine - Fitch Revisa Perspectiva en Calificaciones #EventoRelevante #Indexity #ProyectosAdamantine #EMISNET #SOFOMES #AdministradorMaestro #AdministradorPrimario #Financiamiento #Deuda #México #Fitch Ratings #Inversionista indexity.mx

Empowering Sustainable Futures through Carbon Credits at DBS At DBS, we are deeply committed to supporting and advancing the carbon credit market. DBS trades carbon credits and facilitate their distribution through our innovative banking app. meng yuen wang, Executive Director, part of the sustainability team at DBS Institutional Bank, shed some light on the evolving carbon markets and DBS' commitments in the recent Argus Carbon Asia Conference 2024. "First Phase of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) from 2024 marks a significant step forward. This initiative mandates the use of Article 6 credits to offset surplus emissions in the aviation sector vs 2019 baselines. Countries such as Japan, South Korea, Thailand, and Singapore are also leading the way by developing frameworks to use international carbon credits to meet their Nationally Determined Contributions (NDCs). These two trends, signals a promising convergence of voluntary and compliance carbon markets." says Meng Yuen. For debt lenders like DBS, this is particularly positive. A clearer future price and volume of carbon credits will enable us to size debt appropriately, funding the development of vital projects with greater confidence. However, patience is key as these market evolutions will take time to fully materialise. Participants in the carbon markets should stay informed on developments from key geographies and standards, and to position themselves strategically for the future, will enable us to make meaningful progress towards a sustainable world. #DBS #CarbonCredits #Sustainability #CIX #ClimateAction #CORSIA #ICVCM #VCMI #GreenFinance #SustainableBanking #CarbonMarkets #FutureOfFinance #NDCs

As ING has just released its climate publication- we have taken some big steps to make sure we fight climate change! I am happy to share with you my latest views about Sustainable finance published on L'AGEFI. The implementation of the CSRD require in-depth strategic reflection on the organization and governance of companies, and the formalization of a trajectory specific to each company. By making these trajectories clearer and more ambitious, the CSRD should lead to greater visibility, transparency and comparability of indicators and performance, thereby encouraging sustainable financing. To consult ING Climate publication: https://urlr.me/3YSm1

Banking Sector in accelerating Sustainability in other sectors: 🌍The global banking sector is expected to play a significant role in transitioning to a low-carbon economy. Solutions are being designed to serve all industries and thus comprehensively support the heavy lifting for the world to achieve a low-emission future. We realise, credible actions will be absolutes essential in sustainable finance, emphasizing quality over quantity. This means issuers should set ambitious climate goals, implement concrete plans, and use clear KPIs and transparent impact reporting. ✍️It was a great pleasure to meet with Sudhir Sharma, Head of SBI UK and exchange ideas about sustainability implications. State Bank of India is embracing sustainable finance to support the global goal of achieving net zero emissions. 🌿Again SBI has been actively promoting adoption of nature-based solutions which emphasise climate-resilient livelihood generations and microeconomy, too. 🌄Sustainable finance to lead future Sudhir Sharma Abhijit (Abii) Mitra

On #WorldEnvironmentDay, MicroSave Consulting (MSC) hosted a roundtable discussion in collaboration with Sa-Dhan . We welcomed inclusive finance institutions (IFIs), national development finance institutions, private philanthropies, and bilateral agencies to ideate on pathways to overcome the barriers to unlocking commercial capital for green and sustainable sectors. MSC facilitated the discussion by presenting a study on the role IFIs play to drive inclusive, green, and sustainable financing in India. The study included microfinance institutions, non-banking financial companies, small finance banks, and private and public sector commercial banks. The study highlighted how these IFIs have started to offer various green and sustainable finance products. These include WASH loans, natural catastrophe insurance, loans for the adoption of climate-smart agriculture, loans for recycling and waste management, loans for the adoption of distributed renewable energy, electric mobility, and energy efficiency. The roundtable discussion delved into two broad issues:  • It discussed the pathway for IFIs to uncover climate risks in their portfolios and unlock opportunities in the green and sustainable finance sector.  • It examined how other stakeholders, such as national development finance institutions, private philanthropies, and bilateral agencies, can support IFIs through capacity building, information systems for climate risks and green opportunities, and blended finance. Participants highlighted the need for comprehensive climate risk mitigation through the integration of governance, strategy, information systems, and tailored product development. SIDBI(Small Industries Development Bank of India) and NABARD - National Bank for Agriculture and Rural Development highlighted that blended finance and stakeholder engagement are crucial to drive the adoption of climate-smart and sustainable solutions among MSMEs and microfinance customers. The IFIs proposed a sandbox approach to help develop and test new tools for climate risk management and green product development. All stakeholders unanimously agreed that open communication and partnerships between IFIs and various development sector stakeholders were key to achieve scalable green and sustainable finance portfolios. Let us continue to collaborate, innovate, and invest to unlock commercial capital’s potential for the green sectors. #GreenFinance #SustainableDevelopment #ClimateAction Partha Ghosh Mitul Thapliyal Siddharth Chaturvedi Jiji Mammen Dr Ravindra Kumar Singh Anant Jayant Natu Aarjan Dixit Kamal Chhabra Koumudee Thakur Purvi Bhavsar Sanjoy Ghosh Dr. Aqueel Khan Anjan Dasgupta Dr. Ravi Chandra Sandeep Bhattacharya Kritika Kumar Bill & Melinda Gates Foundation Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH Water.org Shakti Sustainable Energy Foundation UNDP Ministry of Agriculture & Farmers Welfare, Government of India Pahal Financial Services Pvt. Ltd.  

#GreenWayOfWorking🌍 #Sustainability🍀 #GreenEconomy🌳 #BankingWithAHumanTouch💛 #OnTheWayTowardsOurNorthStar🌟 I'm really happy that our latest sustainability report shows just how much we care about making a positive impact on the local communities, natural environment and Romanian economy.🍀🌍🌳 We are fully aware of our essential role in redirecting capital flows towards activities that can contribute to and accelerate the transition towards a sustainable society. In 2023, Raiffeisen Bank Romania became the #first Romanian banking institution to issue senior non-preferred euro bonds in a #sustainable format on the international capital market.🍀👏🌍 We also continued to grow a sustainable portfolio with long-term benefits from an environmental perspective. 20% of our corporate portfolio last year consisted of financing green projects. Also in 2023, about 39% of mortgage loans were granted to finance buildings with energy performance class A. 🏠🍀🌟 Big congratulations to all our teams for their dedication and commitment to our mission of building a sustainable and prosperous society.👏🙏👏

NU-40 01.10.2024 𝐀𝐱𝐢𝐬 𝐁𝐚𝐧𝐤 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐂𝐨 𝐭𝐨 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐌𝐮𝐭𝐡𝐨𝐨𝐭 𝐂𝐚𝐩𝐢𝐭𝐚𝐥'𝐬 𝐄𝐕 𝐋𝐞𝐧𝐝𝐢𝐧𝐠 • Axis Bank has extended a Rs 1 bn loan guarantee to Muthoot Capital in collaboration with GuarantCo to promote electric vehicle (EV) adoption in rural and non-metro regions. • GuarantCo, part of the Private Infrastructure Development Group (PIDG), provided a 65% on-demand credit guarantee, under a broader $200 mn EV framework agreement with Axis Bank. • The framework aims to mobilize between $300 and $400 mn to finance India's e-mobility ecosystem. 𝐀𝐱𝐢𝐬 𝐁𝐚𝐧𝐤 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐬 𝐆𝐫𝐞𝐞𝐧 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐄𝐟𝐟𝐨𝐫𝐭𝐬 • This collaboration supports Axis Bank’s commitment to reducing emissions and promoting sustainable transport through increased engagement with EV dealers, manufacturers, and other players. • "We are scaling up partnerships to drive EV adoption, aligning with our vision of sustainable, inclusive growth," said Rajiv Anand, Deputy MD at Axis Bank. • Muthoot Capital aims to grow its EV portfolio by Rs 2 Bn in FY25, focusing on providing affordable financing options to underserved rural and semi-urban customers. 𝐌𝐮𝐭𝐡𝐨𝐨𝐭 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐅𝐨𝐜𝐮𝐬𝐞𝐬 𝐨𝐧 𝐄𝐕 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐑𝐮𝐫𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 • Mathews Markose, CEO of Muthoot Capital, emphasized the importance of the collaboration in expanding EV accessibility, especially for lower-income populations in rural areas. • The transaction is expected to benefit local businesses in the EV supply chain, including manufacturers, dealers, and insurers. • GuarantCo and Axis Bank have now closed three transactions under the EV framework, totaling Rs 4.5 bn, including previous deals with Vivriti Capital and Everest Fleet. 𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐂𝐨’𝐬 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐀𝐜𝐭𝐢𝐨𝐧 • "This transaction will support the demand side of the EV sector, helping customers purchase electric vehicles and transforming the market," said Layth Al-Falaki, CEO of GuarantCo. • GuarantCo will continue leveraging its climate mitigation guarantee to enhance the e-mobility ecosystem in India as part of PIDG's 2030 climate strategy. 𝐀𝐱𝐢𝐬 𝐁𝐚𝐧𝐤 𝐋𝐭𝐝. 𝐂𝐌𝐏: ₹1232 𝐌𝐤𝐭 𝐂𝐚𝐩: ₹3,812 Bn 𝐍𝐢𝐟𝐭𝐲: 25,810 Rishabh Kale

Economic resilience is strengthened by cohesive relationships. Yet SMEs regularly find themselves undervalued, which in turn undermines further the cohesion necessary for stability and sustainably viable growth. What can be done? #trade #sme #sustainability #greeneconomy #digitalisation #education #finance #ESG #industrialpolicy https://lnkd.in/dpwQjUCr

As India continues to grow economically, the integration of sustainability into business practices is not just beneficial; it’s essential. Sustainability Linked Loans (SLLs) are emerging as a pivotal tool in this shift, offering both environmental and economic advantages. SLLs incentivize companies with lower interest rates as they hit predefined environmental targets, encouraging faster adoption of greener practices. This not only aids in achieving operational efficiency but also enhances a company’s attractiveness to global investors. Join us in discussing how SLLs can drive sustainable growth and why they could be the future of corporate financing in India. 🔗 https://lnkd.in/dBbQ6Yyr #Sustainability #GreenFinance #Innovation #SustainableDevelopment