NEWS

The Alliance and IFC Collaborate at the 2nd Philippine Climate Forum to Accelerate the Green Banking Transformation in the Country

June 07, 2024 | Press release | Philippines | East Asia & Pacific

On World Environment Day, International Finance Corporation (IFC) in the Philippines hosted its 2nd Climate Forum, an event aimed at fostering discussions and actions to promote green lending and climate investment opportunities within the country. The forum, which was held in partnership with the Alliance for Green Commercial Banks (the Alliance), underscored the importance of promoting green lending and climate investment opportunities in the country.

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Norway's Statkraft to invest up to US$6.6 billion in hydro, wind power

January 08, 2024 | Green finance markets | Norway | Europe & Central Asia

Norway's state-owned Statkraft said it plans to invest up to US$6.56 billion to upgrade its Norwegian hydro and wind power facilities and to build new onshore wind farms.

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IFC's Sustainability-Linked Loan Boosts Iberdrola's Renewable Energy Expansion in Emerging Markets

January 08, 2024 | IFC news | Global

IFC announced a green and sustainability-linked loan (SLL) of €300 million to Iberdrola. IFC's loan will finance renewable energy projects in emerging markets, including a number of countries that currently rely heavily on coal, such as Morocco, Poland, and Vietnam.

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India set to halve oil refiners' FY24 energy transition equity support

January 05, 2024 | Green finance markets | India | South Asia

India plans to halve the amount of equity investment to US$1.8 billion for 2023/24 to help fund three state oil refiners' green energy projects, four government and industry sources said, as the federal government seeks to curb its fiscal deficit.

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World’s Biggest Banks Made US$3 Billion on Green Debt in 2023

January 04, 2024 | Green finance markets | Global

For the second year in a row, global banks made more money underwriting bonds and providing loans for green projects than they earned from financing oil, gas, and coal activities. The world’s biggest lenders generated a total of about US$3 billion in fees last year from lining up debt for deals marketed as environmentally friendly.

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OCBC Al-Amin extends US$175 million green financing facility to RHB Islamic

January 02, 2024 | Green finance markets | Malaysia | East Asia & Pacific

OCBC Al-Amin Bank Bhd (OCBC Al-Amin), the Islamic banking unit of OCBC Bank (Malaysia) Bhd (OCBC), will offer the country's first Islamic green foreign currency and bank-to-bank term financing facility.

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EIB commits €400 million for Mytilineos’ solar and storage pipeline

January 02, 2024 | Green finance markets | Greece | Europe & Central Asia

The European Investment Bank (EIB) has committed €400 million to support a new investment for MYTILINEOS Energy and Metals (MYTILINEOS), which will accelerate renewable energy production across Greece and other EU states.

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Macquarie Asset Management acquires 50 per cent of Enel Green Hellas

December 29, 2023 | Green finance markets | Greece | Europe & Central Asia

Macquarie Asset Management (MAM) announced the acquisition of Greece-based renewable energy company Enel Green Power Hellas from Enel Group for a total equity consideration of approximately €250 million.

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PRESS RELEASE | The Alliance for Green Commercial Banks Announces the Onboarding of Cornerstone Members, Global and Knowledge Partners, and the Launch of its First Thought Leadership Paper and Website

June 07, 2022 | Press release | East Asia & Pacific

Bank of China (Hong Kong), Citi, Crédit Agricole CIB, HSBC, and Standard Chartered, have become cornerstone members of the Alliance for Green Commercial Banks (the Alliance). The Alliance brings together financial and research institutions and innovative technology providers to develop a green community in emerging markets to accelerate sustainable economic development. The Alliance also launched its first thought leadership paper, entitled “Climate Risk: Definitions, Measurement, Current Practices and Regulatory Oversight.

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The Alliance for Green Commercial Banks Hosts the “Green and Sustainable Capital Market Evolution Roundtable Session”

May 03, 2022 | East Asia & Pacific

The Alliance for Green Commercial Banks co-hosted the “Green and Sustainable Capital Market Evolution Roundtable Session” with Standard Chartered on May 3, 2022 to discuss the rapid growth of the sustainable finance market, the huge funding gap to achieve net zero, and the associated opportunities for global capital markets.

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