Triodos Bank’s Post

Read our new blog post "French financial institutions facing the #climate #transition", co-written with Thibaut Piquard and Dilyara Salakhova. ⚠ As France undergoes the transition to a low-carbon economy, the financial sector must manage the associated risks and contribute to its financing. ⏰ We find that the financial sector's exposure to climate transition risks is far from negligible, while securities and loan portfolios are still not sufficiently aligned with European low-carbon transition targets. Lucia Alessi Stefano Battiston #BdFeco Banque de France https://lnkd.in/e4K8ahca

The Nordic countries have a long tradition of supporting climate finance and advancing the green transition. This event explores the best climate solutions in finance both in the region and beyond. The Nordic Investment Bank (NIB), Nordic Development Fund (NDF) and Nefco - the Nordic Green Bank pave the way towards a more sustainable world with Nordic financing solutions. This #COP29 event in Baku, Azerbaijan, will foster dialogue on Nordic perspectives in climate finance, structured in two parts. The first dialogue of the session focuses on the green transition in the region, highlighting the Nordic countries’ examples of the green transition is achievable through policies and innovation, leading to a decoupling of emissions from economic growth. By pioneering the "polluter pays" principle, promoting renewable energy, and establishing green financing structures, the Nordics demonstrate that environmental stewardship and economic growth can coexist. The second segment of the event will focus on climate financing beyond the Nordics and the global impact. Given the serious shortfall in climate finance, more efficient mechanisms are needed to mobilise investments, especially in emerging and developing markets. We will present our activities and funding sources—from international public finance to private sector finance—and how these can be blended to achieve climate adaptation and mitigation goals. Speakers: Anne Beathe Kristiansen Tvinnereim, Minister of International Development and Nordic Cooperation of Norway, Mattias Frumerie, Sweden’s Climate Ambassador and Head of Delegation to UNFCCC, Sherri H. O., Climate Policy Researcher at Perspectives Climate Research,  Satu Santala, Managing Director of NDF, André Küüsvek, President of NIB, Ash Sharma, Vice President, Green Transition Special Funds, Nefco, Valerie Hickey, Global Director for Environment, The World Bank, Lise Coermann Nygaard, @Denmark's Youth Delegate to UN on Climate & Environment, Jukka Ahonen, Head of Communications at NIB moderating. #SustainableFinance The Nordic Council of Ministers and The Nordic Council

At Green Exchange, we’re at the forefront of building a foundation of standardized assets around green finance for the future, enabling corporates to meet their #ESG goals. We believe economic growth and #sustainability go together. We bring you a platform to access sustainable capital and investment opportunities, where your financial gains align with positive change, contributing to financing a low-carbon and more inclusive African economy. You can act by investing in green bonds and commodities listed on the Green Exchange, diversifying your portfolios, and supporting sustainable economic growth in Africa. Let’s unite and work towards a future where sustainability is at the heart of every financial decision. Join the movement towards conscious wealth creation today. #greenexchange #greenbonds #greenfinance #sustainability #COP29 #zeroemissions #climateaction #alternativeinvestment

Happy Labor Day! 🇺🇲 🐋 Check out this article by Abby Schultz in Barron's on the growing momentum of blue bonds - securities issued specifically to protect and support the marine environment and a healthy ocean economy. With a 163% increase last year (per the Climate Bonds Initiative), blue bonds are quickly becoming a preferred choice for impact investors. The size of the outstanding market has increased to nearly US$6.4 billion from just under US$2.5 billion a year earlier. Innovative recent deals have also helped propel blue bonds into the spotlight, like Ecuador’s debt-for-nature swap, which saved the country US$1.26 billion in debt payments while funding marine reserves. Check out more, below. https://lnkd.in/eN57Uwau #BlueBonds #SustainableFinance #OceanConservation #ImpactInvesting #InvestableOceans

What are #greenbonds? Might they be a way for the development project you're working on to sustain itself once you and your #funding are gone? Here's an explainer from the #WorldBank on the #IFC bonds issued by its #InternationalFinanceCorporation. https://lnkd.in/e2Keni9k #ourlandscapes for #ourfuture #sustainablefinancing

At the very heart of the BNP Paribas Group's raison d'être is its ambition to be a leading player in the movement towards a more sustainable economy. In facing the climate crisis, banks have a major role to play by redirecting financing from the most carbon-intensive energy producers to those creating green energy. How will we continue to do so? Through supporting a multitude of actors and innovations that foster both low-carbon energy and the reduction of CO₂ emissions, driven by a clear purpose: financing a carbon neutral economy in 2050.

Coordinated by UNEP FI's Orestis Velentzas, we have just released the much-anticipated publication introducing a Net Zero strategy framework for banks: 👉 Outlines the business capabilities banks need to build and iterate for years to come as they are looking to advance their path to hashtag #netzero including real-industry practical examples - these are framed in 3 blocks, namely Core Climate Capabilities, Commitment & Targets Capabilities and Implementation Capabilities. 👉 Provides a clear mapping to resources and voluntary guidance provided by the United Nations Environment Programme Finance Initiative (UNEP FI), the Glasgow Financial Alliance for Net Zero (GFANZ) and other actors of the ecosystem that banks can leverage to advance each block - all in one single place, making sense of a complex landscape. 👉 Discusses key regional / national components that banks should consider in their decarbonization approach to advance each block - from Nationally Determined Contributions (NDCs) to climate disclosure requirements, sustainable finance #taxonomies, data, and evolving policy and regulatory developments. Read it here: https://ow.ly/pHF550RMW1V #netzero #decarbonization #transitionfinance #climatefinance #responsiblebanking

When Lucie Pinson and her team at the nonprofit Reclaim Finance - ONG in Paris shows banks that fossil fuel companies are actually responsible for only 3% of the overall capital expenditure into renewable energies and low-carbon activities, the discussion shifts, she reckons. “We have come to a consensus with a limited but growing number of banks that they cannot finance the expansion of the polluting activities of the fossil fuel industry anymore," she says in an interview for The Urban Activist. Last May, some big news from Paris unexpectedly resonated on the other side of the Atlantic – specifically, in Louisiana, which happened to be in the throes of a hefty tornado season. Two French banks told their shareholders that they will no longer underwrite bond issues to finance the fossil fuel industry (“Pair of major European banks backs away from oil and gas bond deals,” Financial Times, May 29th). In a reader’s letter, climate activist Roishetta Sibley Ozane, M.S. reacted to the news with “a much-needed glimmer of hope.” A month ago, a tornado destroyed the offices of the grassroot organization she founded in south-west Louisiana, the Vessel Project. “Ironically the people we help are often dealing with the after-effects of extreme weather, while they are surrounded by the very industries creating the problem, which are the ones polluting the air and water,” she stated. She urged US banks to make similar policy changes, which would address the risk involved in fossil fuels and the harm they cause. The commitment of BNP Paribas and Crédit Agricole might sound like a drop in the ocean, but actually, it isn’t. French banks are the fourth biggest banking sector internationally, and BNP Paribas and Crédit Agricole are among the top 10 biggest banks worldwide. Continue reading 👇 #climatechange #fossilfuels #financing #climateactivism #environmentaljustice

In the years following the 2015 Paris Agreement, the 60 largest private banks in the world provided $6.8 trillion in funding to fossil fuels. Over the past eight years, approximately $3.3 trillion went to fossil fuel expansion. These banks supported over 4,200 fossil fuel companies with loans and securities transactions or underwriting. Yesterday, the World Economic Forum’s Sustainable Development Impact Meetings began in New York. The so-called leaders of various sectors across the world will spend five days discussing the implementation of the UN goals (SDG-17) (!) Not even funny! I personally have no positive expectations. Another “Tower of Babel” meeting where empty words are flying in the air. Can we be optimistic that those who have made our world uninhabitable can fix this situation? I wonder if the managers representing the banks that keep supporting the fossil fuel investments participate SDIM event, too?

OdysseyNRG Partners, a group of commodity professionals with over 100 years of combined experience in the Energy and Resource Sectors, is excited to introduce their client's Carbon Credit initiative to the global capital markets. This UN Global Compact Initiative has been ratified and approved by significant stakeholders, with its framework and protocols in place. The client's focus on the ideology of setting Sustainable Development Goals aligns with the United Nations' mission, with our client meeting an impressive 16 out of 17 SDGs. The ICE EUA Futures are deliverable contracts of EU Carbon Allowances used under the European Emissions Trading System. Each contract represents 1000 EUAs, with each EUA being an entitlement to emit one tonne of carbon dioxide equivalent. Learn more about OdysseyNRG Partners and their client's Carbon Credit initiative by visiting their LinkedIn page and Instagram profile. #OdysseyNRGPartners #CarbonCredit #SustainableDevelopmentGoals #UNGlobalCompact #Energy #ResourceSectors #CapitalMarkets #Trading #Finance #InvestmentBanking #EuropeanEmissionsTradingSystem #SDGs