Green finance

Asian green finance marches on despite imperfect standards

Even though there are no unified standards in Asia, companies like ICBC and Korea Electric Power Corporation are issuing green debt.
Asia Pacific had the highest growth rate in green bond issuance at 35% in 2018, according to Climate Bonds Initiative.
Asia Pacific had the highest growth rate in green bond issuance at 35% in 2018, according to Climate Bonds Initiative.

Green financial standards are neither unified nor perfect in Asia or the rest of the world for that matter, but this has done nothing to deter Asian issuance of green debt.

For instance, ICBC, one of China's Big Four state-owned banks, recently said that it plans to raise a green term loan facility worth up to $400 million in US dollars and sterling. ICBC is the first Chinese bank to secure a green loan which complies with the Green Loan Principles which were jointly launched by the European and Asia Pacific Loan Market Associations in March last year. Both organisations promote best practices for syndicated loans.

...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222