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Greening bank capital

Recent inaugural green senior non-preferred issues could represent the first green steps down the capital stack by financial institutions. Crédit Agricole CIB and our sister publication Bank+Insurance Hybrid Capital gathered together specialists in bank capital and green bonds to explore how green subordinated debt could work and help put the financial system on a path to sustainability.

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The Day After Tomorrow

Issuers wishing to win over investors with SRI mandates not only need to deliver green and social bonds, but must demonstrate how these fit into a broader sustainability strategy for the future — that was the key takeaway from a Sustainabonds roundtable hosted by SFIL in Paris on 24 May, where the market’s growth, EU initiatives, and pricing were debated.

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Unlocking green buildings

Green bonds backed by mortgages might seem a natural source of supply from banks. However, a lack of joined-up data is forcing banks to be creative in carving out pools of energy efficient loans. Neil Day explores the building blocks for a bigger market with ABN AMRO’s Joop Hessels.

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Let it grow! Green and social lessons and hopes

Those that have broken new ground in sustainable bonds say they have been vindicated by the “unstoppable” movement, while issuance has catalysed internal change as well as attracting new investors. And hopes for the future are high. Tom Revell reports from LBBW’s European Covered Bond Forum in Mainz on 1 March.

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Greening Bank Funding: The German Experience

The German banking industry can boast pioneers of the green bond market, but overall the country lags its peers. What lessons can financial institutions in general learn about making the transition to sustainability from the experience of Europe’s largest economy?

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The Green Pfandbrief

Six years after the germination of the idea, the first Green Pfandbrief is coming to fruition thanks to careful nurturing by Berlin Hyp and its partners. Here, they discuss the credentials and potential of an investment that promises to be sustainable in more than one sense of the word.

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The ESG Pfandbrief

Münchener Hypothekenbank eG (MünchenerHyp) on 8 September unveiled plans for the first ESG covered bond. In this special sponsored feature, those involved in the project consider an ESG Pfandbrief against the backdrop of sustainable investment and explore how it might fit into wider SRI developments in the bond markets.

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Sustainability and covered bonds: a lasting combination

With investors showing a growing interest in SRI, the topic has become one for covered bonds, and in September Münchener Hypothekenbank launched the first benchmark issue to carry a sustainability rating. Here, Franz Rudolf, head of financials credit research at UniCredit, explores what the relevant rating agencies are looking for.