Climate Bonds in partnership with the City of London and the Green Finance Initiative, held the 2nd Annual Green Bond Awards at Guildhall celebrating the stand outs and pioneers of the rapidly growing green bonds market. The 2017 conference was hugely over-subscribed, well above total venue capacity. We expected an audience of 300 delegates. We received approximately 600 registrations from 41 different nations. Leaders from Poland to Costa Rica, Mexico to Munifin, Monash University to Masen, Alpha Trains to AP Renewables recognised at Award Ceremony following the Climate Bonds 2017 Annual Conference.
The award ceremony followed a packed day of conference sessions that saw standing room only in plenaries as expert speakers discussed the year ahead and prospects for green finance out to 2020.
The Awards are in recognition of leading organisations, financial institutions and governments, who have pushed green finance forward and developed the green bonds market in the past year through their pioneering initiatives and issuances, providing a positive example of low carbon investments. There were 16 categories of Awards in 2017, including the world's first sovereign green bond and eight pioneer issuers in various regions.
Award Winners by Category:
- First Sovereign Green Bond – Poland
- First Green Schuldschein – Nordex (Germany)
- First RMBS – Obvion N.V (Netherlands)
- Largest Single Green Bond – Bank of Communications (China)
- Largest Non-Financial Corporate Green Bond – Grupo Aeroportuaro Ciudad de Mexico (Mexico)
- Largest Overall Issuer – SPD Bank (China)
- Innovative Regulator – People’s Bank of China PboC (China)
- Most Second Opinions in 2016 – CICERO (Norway)
- New Country Issuances:
- Philippines - AP Renewables
- Colombia – Grupo BanColombia
- Costa Rica - Banco Nacional de Costa Rica
- Finland – Municipality Finance (MuniFin)
- Morocco – Masen
- Luxembourg - Alpha Trains
- Regional Sub-Sovereign – Mexico City (LatAm)
- Regional Sub-Sovereign – Treasury Corporation of Victoria (Asia-Pacific)
2017 Green Bond Certificates
In addition to the awards, a series organizations have also been granted Recognition Certificates, encompassing the following categories: Sub-national/Municipal, Development Banks, Commercial Banks, Corporates, Structured, Certifications, and Market Infrastructure.
Certificate Recipients by Category:
- Sub-national/Muni, Largest Overall Issuer – New York MTA, USA
- The First Chinese Policy Bank Green Bond Issuer – Export-Import Bank of China
- Development Bank, Largest Overall Issuer – European Investment Bank
- Corporates, Country Pioneer New Entrant – Hyundai, South Korea
- Corporates, Largest Overall – Iberdrola, Spain
- Structured, Country Pioneer New Entrant, 1st ABS – Flexigroup, Australia
- Structured, Country Pioneer New Entrant, 1st ABS – Suzano/EcoAgro, Brazil
- Structured, First Dual Recourse in China – Bank of China
- Structured, Largest ABS in 2016 – Toyota, Japan
- Certifications, First Water – San Francisco Public Utilities Commission (SFPUC) USA
- Certifications, Largest Certified (and first in France) – SNCF Réseau, France
- Certifications, First certified Green Bond from a University – Monash University, Australia
- Certifications, First Indian Certified Bond – Hero Futures Energy, India
- Certifications, First Certified Green Loan – Strasser Capital/MEP Werke, Germany
- Certifications, First Certified German Bank Bond - DKB, Germany
- Certifications, Indices: First Unlabeled Green Bond Index – CCDC, China
- Market Infrastructure, Pioneer Listing Rules – Shanghai Stock Exchange
- Market Infrastructure, Pioneer Listing Rules – London Stock Exchange
- Market Infrastructure, Pioneer Listing Rules – Mexico Stock Exchange
- Market Infrastructure, Pioneer Listing Rules – Luxembourg Stock Exchange
What the winners think about the Green Bond Awards:
Climate Bonds Initiative, in partnership with the London Stock Exchange Group (link is external), held the inaugural Green Bond Awards to celebrate the heroes and pioneers of this new market in February 2016.
Justine Leigh-Bell, Standards Manager at the Climate Bonds Initiative, welcomed a bevy of bankers, investors and green bond issuers to begin the evening. Christiana Figueres joined Justine in greeting everyone to the ceremony “in a low carbon way” – as she put it herself.
“I applaud the effort to raise the profile of green bonds and acknowledge leaders in the sector. This is exactly what we need as a follow up to last years UN Climate Change Conference in Paris. (...) Let me be one of the first to congratulate this year’s first ever winners of the Green Bond Awards. You are part of the real on-the-ground movement that will spur the transformation that spells success for the Paris agreement”.
Nikhil Rathi, CEO of the London Stock Exchange PLC, then took to the stage to begin the Green Bond Award presentations:
Winners of the Pioneer Green Bond Awards:
- Corporate Green Bond Pioneer - Vasakronan
- Green Covered Bonds (Green Pfandbrief) Pioneer - Berlin Hyp
- Green Asset Backed Securities Pioneer - Hannon Armstrong
- Pioneer in Green Bond Underwriting - Skandinaviska Enskilda Banken (SEB)
- Pioneer in Green Bond Policy - Peoples Bank of China (PBoC)
- First Municipal Green Bond - Ile De France
- Pioneers in Emerging Markets- Yes Bank & Agricultural Bank of China
- First Commercial Bank Green Bond - Bank of America Merrill Lynch
- First Green Bond - European Investment Bank (EIB)
- Global Market Development Pioneer - World Bank
Sean Kidney closed the ceremony saying:
“The award recipients are the pioneers of the market, organisations at the forefront of the global financial sector’s response to the investment challenges posed by climate change. (...) They are laying new foundations for the capital flows needed to achieve the commitments within the national climate change plans tabled at COP21.(...) Behind each of the award winners in each category are other companies, municipalities, development and commercial banks all meriting recognition.(...)Together all these organisations are making a leading contribution to developing green bond markets, creating new and innovative climate finance solutions. They are to be congratulated.”
The awards recognise organisations that have demonstrated the potential of green bonds, either by being first to market, or by positive example have called investors, governments and business to action.
The Inaugural Green Bond Awards were held in partnership with the London Stock Exchange Group. Foundation supporters included the PRI and ICMIF and Responsible Investor as media partner. And the event was kindly sponsored by PwC and UNEP Inquiry.