These companies have joined forces to voice their commitment to the green bond market as part of their strategy,financing policy and their active engagement in the reporting debate and dialogue with investors . The pledge also calls upon other industrial corporates to consider issuing green bonds. The signatories of today’s pledge commit to a long-term presence in the market, that green bonds will be at the heart of their (project) financing and business lines, and that they will implement stringent reporting procedures.
This announcement, on the morning of Climate Finance Day and the day before the One Planet Summit in Paris,is a clear signal that green bonds are and will continue to play a significant role in finance and reaching the goals set at the Paris Agreement two years ago.T en years after the first green bond issuance, this market, has turned into an exciting place in particular, thanks to companies committed to tackling climate change, to a growing awareness to environmental protection, low carbon transport and buildings as well as energy efficiency. So far, all nine companies have issued a total of €26billion in green bonds which accounts for over 10% of total outstanding green bonds.
Together the signatories draw on their experience to call upon other industrial companies to consider issuing green bonds, which will further strengthen this market and enhance its interest from the growing share of climate minded investors.
