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ACPR Main scenarios and assumptions of the climate pilot exercise

16 February 2021NewsMaria Ismaili

On May 2020, French Prudential Supervision and Resolution Authority (ACPR) launched the climate pilot exercise which intend to measure the physical and transitional risks to…

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ECB’s Guide on climate-related and environmental risk

16 February 2021NewsMaria Ismaili

On November 2020, European Central Bank (ECB) published a guide on climate-related and environmental risks outlining the ECB’s understanding of the safe and prudent management…

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Virtual regional workshop (20th January, 2021) Co-hosted by SBN and the Moroccan Capital Market Authority: Ms. Nezha HAYAT opening remarks

29 January 2021NewsMaria Ismaili

Dear SBN members, First, I wish you all a happy new year 2021, and welcome you to this virtual workshop dedicated to sustainable finance and…

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South Africa Green Finance Taxonomy Project

29 January 2021NewsMaria Ismaili

Under the leadership of National Treasury, and with support from IFC , the National Business Initiative (NBI) and Carbon Trust  are working to develop a first national Green Finance Taxonomy for…

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Voting Matters 2020 – Are asset managers using proxy voting for action on climate and social issues?

18 January 2021NewsMaria Ismaili

Stewardship is in the spotlight. In the UK, government strategy is to use the influence of pension funds to lead the fight against climate change. The recently launched…

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Spatial Finance: Challenges and opportunities in a changing world

18 January 2021NewsMaria Ismaili

If financial markets are to realign towards truly sustainable development the financial sector needs to differentiate commercial actors more accurately on their climate and environmental…

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Aligning Development Finance with Nature’s Needs

18 January 2021NewsMaria Ismaili

This report uses readily available data to estimate the dependency of development finance institutions’ (DFIs’) collective balance sheet on vulnerable nature (“dependency risk”), alongside the…

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Africa Green Bond Toolkit: A practical guide to issuing green bonds for Africa

9 December 2020NewsMaria Ismaili

Climate change is one of the greatest challenges of our time, requiring far more capital than governments alone can provide. Private sources of finance are…

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The state of EU Environmental Disclosure in 2020

9 December 2020NewsMaria Ismaili

In this report, Climate Disclosure Standards Board (CDSB) reviewed the 2020 environmental disclosures of 50 of Europe’s largest listed companies, with a combined market capitalisation of US$3.5…

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Climate Finance Provided and Mobilised by Developed Countries in 2013-18

19 November 2020NewsMaria Ismaili

This report was prepared by the OECD in response to a request by developed countries to help better understand climate finance trends. It provides insights on…

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ACCA and Green Finance Platform say green finance education crucial to economic recovery

2 November 2020NewsMaria Ismaili

At joint online event, experts explore the increasing need for the finance sector to develop new capabilities through relevant education and training in green finance…

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Riding the Wave: Navigating the ESG landscape for sovereign debt managers

2 November 2020NewsMaria Ismaili

The world is on an unsustainable path. Financial sector participants are becoming more conscious of the impact of their economic, social and environmental footprint. As…

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The Lab launches shovel-ready investment initiative to highlight green recovery projects

2 November 2020NewsMaria Ismaili

London – The Global Innovation Lab for Climate Finance (“the Lab”) has launched an initiative to focus funders and investors on Lab-endorsed projects for sustainable…

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The Post-COVID-19 Green Economy

15 October 2020NewsMaria Ismaili

The post-COVID-19 reconstruction phase should be centred around the green economy, the concept of which enables economic growth and investment while increasing environmental quality and…

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Financial Sector Science-Based Targets Guidance

15 October 2020NewsMaria Ismaili

The COVID-19 pandemic has accelerated several ongoing transitions, including the interdependence between financial institutions and our changing climate. While financial institutions’ business models are vulnerable to climate…

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Building a Resilient and Inclusive Recovery: World Bank Group Annual Meetings to Focus on the Path Ahead for Developing Countries

15 October 2020NewsMaria Ismaili

How can the world recover from the coronavirus pandemic while also addressing climate change and biodiversity loss? A Sustainable Recovery for People and Planet brought together policymakers,…

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The Business Benefits of Third Party Verification of Climate Data

1 October 2020NewsMaria Ismaili

What drives companies to have their climate data verified, and what are the advantages of doing so? The business benefits of independent third party verification…

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Measuring Stakeholder Capitalism: Towards common metrics and consistent reporting of sustainable value creation

1 October 2020NewsMaria Ismaili

At the 2020 Annual Meeting in Davos, 120 of the world’s largest companies supported efforts to develop a core set of common metrics and disclosures…

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Recasting the Golden Key – How Public Finance Can Unlock a Critical Decade of Climate Action

1 October 2020NewsMaria Ismaili

Public finance is one of the most powerful tools at our disposal to accelerate global progress toward net-zero economies, yet far too little has been…

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Testing the Taxonomy Insights from the PRI Taxonomy Practitioners Group

15 September 2020NewsMaria Ismaili

This report shares insights from the first comprehensive set of case studies around how to use the EU taxonomy. Starting in late 2019, over 40…

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State and Trends of Carbon Pricing 2020

15 September 2020NewsMaria Ismaili

Domestic carbon pricing initiatives have been strengthened as jurisdictions around the world adopt more ambitious mitigation targets and introduce associated policy tools. This is particularly…

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Sustainable Ocean for All : Harnessing the benefits of sustainable ocean economies for developing countries

15 September 2020NewsMaria Ismaili

Adopting more sustainable ways of managing the ocean is a global priority: protecting its health will bring benefits to all. Developing countries face specific challenges,…

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Application Guidance for Climate-Related Disclosures

29 July 2020NewsMaria Ismaili

The Climate Guidance has been designed to help companies put into place the thinking and processes necessary for high-quality material climate disclosures and allow them…

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Falling Short? Why Environmental and Climate-Related Disclosures under the EU Non-Financial Reporting Directive Must Improve

29 July 2020NewsMaria Ismaili

CDSB has reviewed the 2019 environmental and climate-related disclosures of Europe’s 50 largest listed companies, with a combined market capitalisation of US$4.3 trillion, under the EU Non-Financial…

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The Building Blocks – Connecting CDP data with the CDSB Framework to successfully fulfil the TCFD Recommendations

29 July 2020NewsMaria Ismaili

More than 1000 organisations have declared their support for the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. However, there is still confusion in the market…

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Sustainable Finance – High-level definitions

20 July 2020NewsMaria Ismaili

Sustainability has become a mainstream consideration for the financial sector as illustrated among others by the success of the green, social and sustainability bond markets…

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Quarterly Report: Assessment of Market Practice and Regulatory Policy

20 July 2020NewsMaria Ismaili

The ICMA Quarterly Report for the Third Quarter of 2020 focuses on the lessons from COVID-19 for capital markets. The Foreword by Jean-Marc Mercier of…

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Better Recovery, Better World: Resetting Climate Action in the Aftermath of the COVID-19 Pandemic

20 July 2020NewsMaria Ismaili

The world has been transformed by the COVID-19 crisis. Beyond its tragic human costs and loss of life, the pandemic and the necessary lockdowns have…

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Global and EU Sustainable Finance Initiatives

3 July 2020NewsMaria Ismaili

In response to the Paris Agreement, governments and intra-governmental organizations launched a number of measures to promote sustainable finance. To date, these have focused on voluntary…

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Sustainability-Linked Bond Principles

3 July 2020NewsMaria Ismaili

Sustainability-Linked Bonds (“SLBs”) aim to further develop the key role that debt markets can play in funding and encouraging companies that contribute to sustainability (from…

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A Case for Renewable Energy in South Africa’s Post-lockdown Economic Recovery Stimulus Package

2 June 2020NewsMaria Ismaili

This policy brief lays out the key advantages for South Africa to invest in renewable energy as a post-COVID-19 stimulus package. This policy brief argues…

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Climate-Related Financial Risks: a survey on a current initiative

2 June 2020NewsMaria Ismaili

Climate-related financial risks refer to the set of potential risks that may result from climate change and that could potentially impact the safety and soundness…

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Unlocking Capital Markets to Finance the SDGs

18 May 2020NewsMaria Ismaili

Produced by the PRI, How Responsible Investors should respond to the COVID-19 Coronavirus crisis explores impacts of current pandemic and the global response to it,…

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Implications of the COVID-19 Pandemic for Global Sustainable Finance

18 May 2020NewsMaria Ismaili

In the context of the COVID-19 pandemic, this paper was developed to support thinking on how to respond to the pandemic from a sustainable finance…

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Policy Responses to COVID 19

7 May 2020NewsMaria Ismaili

This policy tracker summarises the key economic responses governments are taking to limit the human and economic impact of the COVID-19 pandemic. The tracker includes…

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Natural Capital Toolkit Policy Responses to COVID 19

7 May 2020NewsMaria Ismaili

This cutting-edge Toolkit provides an interactive database to help business find the right tool to measure and value natural capital as they use the Natural…

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Coronavirus ESG Monitor

7 May 2020NewsMaria Ismaili

Truvalue Labs has created a the Coronavirus ESG Monitor to surface trends and insights where the Covid-19 pandemic intersects with environmental, social and corporate governance…

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Mobilizing Global Renewables Outlook: Energy Transformation 2050

7 May 2020NewsMaria Ismaili

The COVID 19 pandemic has led, in addition to dramatic health implications for people around the globe, to an almost immediate and profound economic upheaval…

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Social Bonds – Illustrative Use of Proceeds Case Studies: Coronavirus

17 April 2020NewsMaria Ismaili

The global coronavirus crisis is a social issue that threatens the well-being of the world’s population, especially the elderly and those with underlying health conditions….

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IOSCO Steps up its Efforts to Address Issues Around Sustainability and Climate Change

17 April 2020NewsMaria Ismaili

The Board of the International Organization of Securities Commissions today published its report on Sustainable Finance and the Role of Securities Regulators and IOSCO, which…

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Emerging Priorities and Principles for Managing the Global Economic Impact of COVID-19

17 April 2020NewsMaria Ismaili

This briefing is the outcome of consultations with leading chief economists from both the public and private sectors and leaders from the Stewardship Board of…

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Managing Through the COVID-19 Pandemic: How Financial Firms Are Responding

17 April 2020NewsMaria Ismaili

As COVID-19 (Coronavirus disease 2019) continues to spread across the globe, financial firms are focused on serving clients, customers and communities and supporting the broader…

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NATURAL CAPITAL CREDIT RISK ASSESSMENT IN AGRICULTURAL

15 April 2020NewsMaria Ismaili

LENDING an Approach Based on the Natural Capital Protocol Agriculture is a high risk sector both in terms of its dependencies and impacts on natural…

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Unlocking Capital Markets to Finance the SDGs

15 April 2020NewsMaria Ismaili

This report summarizes insights generated by a diverse group of influential institutional investors and their advisers – all specialists in sustainability – in order to…

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Mobilizing Investors to Protect Climate, Land and Biodiversity

15 April 2020NewsMaria Ismaili

Summary of Three Key Events on Natural Capital Investing November 2019, and outlook 2020 Global Landscapes Forum summary  How can we move sustainable land-use financing…

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Unleashing the Potential of Institutional Investors in Africa

31 March 2020NewsMaria Ismaili

It has been estimated that financing the UN Sustainable Development Goals (SDGs) globally will require annual investment levels of USD 3-4 trillion, while in Africa associated investment…

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UNEP Inquiry Annual Overview 2019

31 March 2020NewsMaria Ismaili

The Inquiry into the Design of a Sustainable Financial System has been initiated by UN Environment to advance policy options to improve the financial system’s…

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Approaches for better resource mobilization to finance Africa’s Sustainable Development Goal

2 March 2020NewsMaria Ismaili

Undoubtedly, one of the key challenges to achieving the Sustainable Development Goals (SDGs) over the next decade will be the ability to mobilize resources to…

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Bond Technical Workshop on Needs-Based Climate Finance for East Africa

2 March 2020NewsMaria Ismaili

The adverse impacts of climate change are a threat to the livelihoods of people and the steady development of almost all sectors of the economy…

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2020 will likely be a turning point for sustainable finance in Africa’s mining sector

2 March 2020NewsMaria Ismaili

As corporates proactively implement measures to operate more responsibly and improve their Environmental, Social and Governance (ESG) performance, 2020 is shaping up to be a…

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PROGRAM ON IMPLEMENTING GREEN CAPITAL MARKETS IN AFRICA: A WHITE PAPER

28 January 2020NewsMaria Ismaili

Following “Implementing Green Capital Markets Program” organized in line with Marrakech Pledge on the 4th and 5th November 2019, AMMC and Toronto Centre publish this…

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Kenya Approves Issuance of First Green Bond

23 October 2019NewsMaria Ismaili

NAIROBI, Aug 15 (Reuters) – Kenya has approved its first ever issuance of a green bond, which will raise 5 billion shillings ($48.45 million) for…

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Can Africa Green Bonds be the future of funding? Climate Bonds Initiative Expert tells us all

23 October 2019NewsMaria Ismaili

The Bond Market and especially the African Green Bond Market is a topic that is attracting a lot attention and also lots of questions. We’ve…

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Nigeria: Access Bank 1st Certified Corporate Green Bond in Africa: Leadership in Green Finance

2 September 2019NewsMaria Ismaili

Access Bank Plc has announced the issuance of the 1st Certified corporate green bond in Africa, raising N15 billion (USD41 million). The launch ceremony was held…

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Blended Finance in the Least Developed Countries 2019

2 September 2019NewsMaria Ismaili

The world’s 47 least developed countries (LDCs) are among those most at risk of being left behind. While official development assistance and domestic public resources…

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MAURITIUS TO EMBARK ON AMBITIOUS GREEN BOND STRATEGY

2 September 2019NewsMaria Ismaili

Mauritius is planning to create a Green Bonds Market with the help of PAGE – the Partnership for Action on the Green Economy. Green bonds…

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Seychelles launches World’s First Sovereign Blue Bond

2 September 2019NewsMaria Ismaili

The Republic of Seychelles has launched the world’s first sovereign blue bond—a pioneering financial instrument designed to support sustainable marine and fisheries projects. The bond,…

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The African green bonds summit

30 May 2019NewsAdhoc Agency

“With renewed commitments to combat climate change, institutional investors whose assets under management are expected to rise from $93 trillion to $140 trillion 2019, are increasingly…

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SSE, IFC, Kenya CMA and Nairobi Stock Exchange are building momentum for more sustainable capital markets- at home and abroad

30 May 2019NewsAdhoc Agency

The Capital Market Authority in Kenya (CMA) and the Nairobi Securities Exchange (NSE) joined the IFC and UN Sustainable Stock Exchanges (SSE) initiative in engaging…

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The Moroccan Capital Market Authority Joins Sustainable Banking Network

30 May 2019NewsAdhoc Agency

The Moroccan Capital Market Authority (AMMC) joined SBN in December 2018. AMMC is regional co-chair of the SBN Green Bond Working Group and will continue…

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IOSCO creates Sustainable Finance Network, releases statement on ESG disclosure

30 May 2019NewsAdhoc Agency

(18 January 2019)  IOSCO, the International Organization of Securities Commissions, released a statement on disclosure of ESG matters by issuers on 18 January 2019. The statement sets…

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Ghana: Green bonds issuance expected to hit $1trillion by 2020

30 May 2019NewsAdhoc Agency

The initiative according to a release to the Ghana News Agency, aims to scale up finance for projects that were resilient to the impacts of…

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Namibia: Bank Windhoek internationally recognized for Green Bond Issuance

30 May 2019NewsAdhoc Agency

“We are seeing emerging economies stepping up their efforts and taking active regional roles, demonstrating much needed leadership. To reach the vital goal of the…

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Kenya: Kenya paves way for green bonds in 2019 with new rules

30 May 2019NewsAdhoc Agency

Like other African nations, Kenya needs to raise billions of dollars to invest in infrastructure projects including roads, water and irrigation, railways and power generation….

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Holding Al Omrane – The AMMC approves a prospectus related to an ordinary and “social & green” Bond Issuance

30 May 2019NewsAdhoc Agency

On October 30th, 2018, the Moroccan Capital Market Authority (AMMC) approved a prospectus concerning the issuance of ordinary and sustainable bonds (of the Social &…

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Morocco: the AMMC publishes green, social and sustainability bonds guidelines

30 May 2019NewsAdhoc Agency

International Finance Corporation and AMMC have announced a set of guidelines for new financial instruments to address the issue of climate change. These guidelines were…

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Morocco: Climate Investment Funds holds its ten-year anniversary summit at the world’s largest solar plant in Morocco

30 May 2019NewsAdhoc Agency

The Climate Investment Funds’ “The Power of 10: Shaping the Future of Climate Action” event took place on 28-29 January, 2019 in Ouarzazate, Morocco at the…

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Morocco: Casablanca Finance Hub Issues 335 M MAD Green Bond

30 May 2019NewsAdhoc Agency

Morocco’s finance and business hub Casablanca Finance City (CFC) had raised 335 million dirhams ($ 35.8 mln) via a green bond to finance its environmentally…

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The AMMC participates along with CBI and SBN in IFC’s Webinar series: Creating Green Bond Markets in Africa

30 May 2019NewsAdhoc Agency

Globally, as much as $7 trillion a year in investments will be needed to achieve the Sustainable Development Goals by 2030. IFC research has identified…

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UN announces roadmap to Climate Summit in 2019, a ‘critical year’ for climate action

30 May 2019NewsAdhoc Agency

“2019 is a critical year, the “last chance” for the international community to take effective action on climate change, General Assembly President Maria Espinosa said on Thursday,…

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Africa Climate Week hosted in Ghana (19-22 march 2019)

30 May 2019NewsAdhoc Agency

The Africa Climate Week (ACW) is the premier annual regional climate event, which seeks to promote climate action in Africa including mobilizing support for the…

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Oil Giant Nigeria to Sell First African Sovereign Green Bond

18 December 2017NewsNigeriaAdhoc Agency

Nigeria, Africa’s biggest oil producer, is set to become the first country on the continent to issue a security that raises funds for environmental projects…

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Kenya will launch its first Sovereign Green Bonds Programme

30 October 2017NewsKenyaMarrakech Pledge

Kenya is on the path to developing a green finance market through its first green bond program. On the Friday March the 31stthe country announced…

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Mme Amina J. Mohamed

The Nigerian Ministry of Environment announces a sovereign Green Bonds Programme for 2017

30 October 2017NewsNigeriaMarrakech Pledge
The Federal Ministry of Environmentof Nigeria is in the process of launching a green bonds program. A process which had started in September of 2016...
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EGX Egypt formed a Sustainability Advisory Committee

30 October 2017NewsEgyptMarrakech Pledge

EGX formed a Sustainability Advisory Committee in 2016 whose main goal for the first year is to issue a Model Guidance for the sustainability report…

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Signing of Marrakech Pledge for Fostering Green Capital markets in Africa

30 October 2017NewsAfricaMarrakech Pledge

The COP of Action as it is often referred to, was an opportunity to start the important process of turning the UN’s Paris Agreement into…

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CSE and AMMC publish an ESG guide

30 June 2017Press ReleasesMoroccoMarrakech Pledge

As part of the commitments made by capital market players in terms of sustainable development, the Moroccan Capital Market Authority (AMMC) and the Casablanca Stock…

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Morocco – Launch of Casablanca Statement for Financial Centers Sustainability

15 April 2017NewsMoroccoMarrakech Pledge

On September 28th, 2017, over 10 of the world’s leading financial centers today agreed to promote strategic action on green and sustainable finance, at the…

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AMMC publishes a green bonds guide

14 March 2017NewsMoroccoMarrakech Pledge

As part of its commitment to the development of climate finance, and in line with the Kingdom’s renewable energy objectives and the creation of a…

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Conference on Fostering Green Capital Markets in the South

14 November 2016NewsMarrakech Pledge
As a side event to the COP22, AMMC organized a conference on « fostering green capital markets in the south», jointly with the Casablanca Stock...
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The Marrakech Conference on Fostering Green Capital Markets in the South

30 October 2016NewsMoroccoMarrakech Pledge

On November 2016 world leaders gathered for the COP22 in Marrakech to present their commitments to fighting climate change. Beside global political leaders, capital market…

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Following “Implementing Green Capital Markets Program” organized in line with Marrakech Pledge on the 4th and 5th November 2019, AMMC and Toronto Centre publish this White Paper. It targets African capital market regulators and exchanges, Investor Groups, including pensions and insurances, governments and multi laterals. It aims to share the key factors that help the development of green capital markets globally, the examples of African countries that have developed or started to develop green capital markets, and the key action-oriented recommendations discussed in the program.

The Inquiry into the Design of a Sustainable Financial System has been initiated by UN Environment to advance policy options to improve the financial system’s effectiveness in mobilising capital towards a green and inclusive economy. Established in January 2014, the Inquiry has worked in 20 countries and produced a wide array of briefings and reports on sustainable finance.

In 2019, the Inquiry started to turn the theory of inquiring into the praxis of implementing, by working with six countries that are keen to advance ambitious national sustainable finance agendas. Four of these countries (China, Kazakhstan, Mongolia, Nigeria) have pre-existing partial Roadmaps and two (India, Mexico) have pre-existing initiatives that will be scaled up. In Nigeria, for instance, the Inquiry is working towards reviewing the level of exposure to “green/brown lending” and providing strategic recommendations for the development of financial products. This work will directly assist the facilitation of green bond issuance from key sectors while also increasing finance flows to critical green infrastructure projects. 

 This report highlights the Inquiry’s work in 2019, including activities with countries that are incorporating sustainability into their financial architecture, and international collaboration with bodies such as the Network for Greening the Financial System (NGFS) and the Coalition of Finance Ministers for Climate Action (FMCo).

Read more: https://greenfinanceplatform.org/sites/default/files/downloads/resource/UN_Environment_Inquiry_Annual_Overview_2019.pdf

The « Marrakech Pledge » for « Fostering Green Capital Markets in Africa » is a commitment by all African Capital Markets Regulators and Exchanges to act collectively in favor of sustainable development by enabling the establishment of Green Capital Markets in Africa with the aims to promote Africa as a prominent regional green financial marketplace and an attractive destination for green and climate-resilient investments.

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Secretariat of Marrakech Pledge 2016-2020

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