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IFR Green Financing Roundtable 2019

Green finance has become one of the most important themes driving global finance. It has captured the attention of banks, companies, investors, governments and the general populace. And it continues to gather pace as the notion of a climate emergency demanding urgent action increasingly takes hold. The finance sector sits in the middle of this debate. The role of the sellside, buyside, corporate sectors and the related institutional ecosystem in supporting and furthering the green agenda is being closely scrutinised. From a banking perspective...Read more

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IFR Green Financing Roundtable 2019 participants

Stuart Kinnersley Affirmative Investment Management Stuart Kinnersley is managing partner of Affirmative Investment Management, which is aligned to mobilising capital markets in a more positive direction. He played a significant role in creating the world’s first Green bond fund, launched in 2010 in collaboration with the World Bank. He co-founded AIM in 2014 after working in fixed income at Morgan Stanley and ANZ before joining Foreign & Colonial as a fixed income portfolio manager, where he spent 10 years. After F&C, he ran Nikko AM’s...

IFR Green Financing Roundtable 2019: Part 1

Keith Mullin, KM Capital Markets: Green finance has become one of the single most important driving themes in international finance, and one that has captured the attention of banks, companies, investors, governments and the general populace. The finance sector sits in the middle of this debate. What can the finance sector – banks, investors, companies issuing in capital markets, and the related financing ecosystem – do to further the green agenda? From a banking perspective, climate change risk has moved from being a notional governance risk...

IFR Green Financing Roundtable 2019: Part 2

Keith Mullin, KM Capital Markets: If the market morphs from a market where issuance is assessed purely on the use of proceeds to perhaps a more convoluted situation where people have to weigh up the overall footprint of the issuer, how do you calibrate that? Who decides and how do you decide whether the footprint of the issuer is sufficiently sustainable, environmental, to then pass muster at the corporate level? CBI plays quite a big role in that calibration. Most of the Green bond indices are defined by your imprimatur, so you have quite a...

IFR Green Financing Roundtable 2019: Part 3

Keith Mullin, KM Capital Markets: If I could just extend that point, we touched on it earlier, but what about brown issuers? They need to be incentivised to issue in this market as well. From a pure climate change mitigation perspective, having a big oil company do something which “greens” its activities, even if it’s a small percentage, is potentially more important from a planetary perspective than it is for a pure-play company to do a Green bond, where carbon emission mitigation is reduced. This is one of those knotty questions that the...