Podcasts about green bonds

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Best podcasts about green bonds

Latest podcast episodes about green bonds

SRI360 | Socially Responsible Investing, ESG, Impact Investing, Sustainable Investing
IIX Orange Bonds Lifting MILLIONS of Women in Asia & Africa! | Robert Kraybill (#076)

SRI360 | Socially Responsible Investing, ESG, Impact Investing, Sustainable Investing

Play Episode Listen Later Mar 4, 2025 74:25


Robert Kraybill is a well-known name in the impact investment space who has created innovative financial products that channel capital into improving livelihoods across emerging markets, particularly in South and Southeast Asia.But his journey didn't start there.Robert's first big career move was at Morgan Stanley. Fresh out of Princeton, he was ready to take on the world of investment banking. But before he even made it to his orientation session, he met Durreen Shahnaz – the woman who would later become his wife and, more importantly for this story, the founder of Impact Investment Exchange (IIX) and a global leader in social impact investing.  Starting as a banker at Morgan Stanley, Robert later led investment banking for Wasserstein Perella & Co. in Singapore and then transitioned to private equity at Marathon Asset Management, focusing on the Asia-Pacific region. Then came 2008. The financial crisis hit, and Robert saw firsthand that it "exposed the hollow promise of traditional finance's claim to make the world better through efficient capital allocation." He knew there had to be a better way. So, he pivoted – to impact investing.Fast forward to today, and he's Chief Investment Officer at IIX, a Singapore-based enterprise that helps mission-driven businesses grow and scale their positive impact. In their words, they “build pathways to connect backstreets of underserved communities to the Wall Streets of the world”. Alongside his wife, he is transforming financial systems and developing innovative solutions that drive women's empowerment, climate action, and community resilience. Through IIX and the IIX Foundation, their work has mobilized over $250 million in private-sector investment and positively impacted more than 100 million people worldwide.His team pioneered the Women's Livelihood Bond (WLB) series, a first-of-its-kind financial product that channels investment into women-focused enterprises across emerging markets. But they didn't stop there. After proving the success of the Women's Livelihood Bonds, they created Orange Bonds – an investment framework designed to standardize and scale gender-lens investing, just like Green Bonds did for climate finance.In this episode, Robert takes us through the evolution of the WLB Series and the birth of Orange Bonds. He also explains the mechanics of blended finance – where catalytic capital de-risks investments to attract large-scale institutional funding. We also talk about IIX's Values Impact Measurement Tool, their Risk-Return-Impact philosophy, and their ambitious goal: creating one billion sustainable livelihoods by 2030.Join us to discover why the future of impact investing isn't just green – it's turning orange.—About the SRI 360° Podcast: The SRI 360° Podcast is focused exclusively on sustainable & responsible investing. In each episode, I interview a world-class investor who is an accomplished practitioner from all asset classes.—Connect with SRI360°:Sign up for the free weekly email updateVisit the SRI360° PODCASTVisit the SRI360° WEBSITEFollow SRI360° on XFollow SRI360° on FACEBOOK—Additional Resources:- Robert Kraybill LinkedIn - IIX LinkedIn - IIX Website - The Defiant Optimist: Daring to Fight Global Inequality, Reinvent Finance, and Invest in Women

MONEY FM 89.3 - The Breakfast Huddle with Elliott Danker, Manisha Tank and Finance Presenter Ryan Huang
Eco Money: Is there a green premium in the green bond market? And is the growth of green bonds set to fizzle out in the next few years under Trump 2.0?

MONEY FM 89.3 - The Breakfast Huddle with Elliott Danker, Manisha Tank and Finance Presenter Ryan Huang

Play Episode Listen Later Feb 28, 2025 8:57


In recent years, the rise of green bonds has provided a promising financing mechanism in climate change mitigation efforts, and studies investigating this market have revealed the notion of a 'green premium' or 'greenium' within green bond pricing. But, how prevalent is the existence of a green premium in the green bond market and how do ESG factors influence investor behavior and the pricing of green bonds compared to traditional bonds? On this episode of Eco Money, Stefen Macaskill, Research Fellow at the Griffith Business School, and Energy Management Planning Engineer at the Council of the City of Gold Coast, Australia shares his insights. Presented by: Audrey SiekProduced by: Yeo Kai Ting (ykaiting@sph.com.sg)Photo credits: BondbloXSee omnystudio.com/listener for privacy information.

Der Podcast für junge Anleger jeden Alters
Börsepeople im Podcast S17/14: Nastassja Cernko

Der Podcast für junge Anleger jeden Alters

Play Episode Listen Later Feb 19, 2025 35:56


Wed, 19 Feb 2025 04:45:00 +0000 https://jungeanleger.podigee.io/2022-borsepeople-im-podcast-s17-14-nastassja-cernko 5bb98608a25d4a4be43bba94fa61d1ff Nastassja Cernko ist Director Group ESG Office bei der OeKB Group. Ein Podcast mit ihr sollte natürlich auch ihren geschätzten Vater, Banker-Legende Willibald Cernko, würdigen und das tun wir gleich zu Beginn. Ziemlich zu Beginn sprechen wir auch über ihren Ex-Arbeitgeber OMV, in diesem Zusammenhang über Metamorphose, Gianna Nannini, die Petrom und vieles mehr. Über SynGroup und die Nachhaltigkeits-Early-Birds von denkstatt landen wir rasch bei der OeKB, hier hat Nastassja im Bereich ESG vieles begründet. Da geht es zB um den OeKB ESG Data Hub (da habe ich viele Fragen), um Sustainability Reporting, um Frameworks für Green Bonds, grosse Hebel in viele Richtungen, um Environmental Management Systems, aktuelle Trainings, Webinare, Vereinfachungen und vieles mehr. Hinweis: In diesem Podcast wurde sehr viel gelacht und erstmals durfte ein Gast auch die Jingles beim Rodecaster (Podcast-Gerät) selbst drücken, weil die Farben der blinkenden Buttons auf den Gast so inspirierend wirkten. https://www.oekb.at https://www.oekb-esgdatahub.com About: Die Serie Börsepeople des Podcasters Christian Drastil, der im Q4/24 in Frankfurt als "Finfluencer & Finanznetworker #1 Austria" ausgezeichnet wurde, findet im Rahmen von http://www.audio-cd.at und dem Podcast "Audio-CD.at Indie Podcasts" statt. Es handelt sich dabei um typische Personality- und Werdegang-Gespräche. Die Season 17 umfasst unter dem Motto „25 Börsepeople“ 25 Talks. Presenter der Season 17 ist die EXAA (Energy Exchange Austria) https://www.exaa.at. Welcher der meistgehörte Börsepeople Podcast ist, sieht man unter http://www.audio-cd.at/people. Der Zwischenstand des laufenden Rankings ist tagesaktuell um 12 Uhr aktualisiert. Bewertungen bei Apple (oder auch Spotify) machen mir Freude: http://www.audio-cd.at/spotify , http://www.audio-cd.at/apple . 2022 full no Christian Drastil Comm. 2156

Fixed on ESG
Rethinking Green Bond Emissions Reporting

Fixed on ESG

Play Episode Listen Later Jan 29, 2025 18:50


Can green bonds—intended to drive sustainability—complicate emissions reporting? This episode of Fixed on ESG explores the complexities of green bonds and their reported emissions. We examine a proposal by the Partnership for Carbon Accounting Financials (PCAF) and highlight issues like vanishing emissions, unallocated proceeds, increased reporting demands, and the need for a comprehensive approach to emissions assessment, while considering the broader implications for investors. PGIM Fixed Income's Taylor Chatlos, ESG Specialist hosts this discussion with John Ploeg, CFA, Co-Head of ESG Research. Recorded on January 23, 2025.

Irish Tech News Audio Articles
The Cash Photosynthesis

Irish Tech News Audio Articles

Play Episode Listen Later Dec 28, 2024 10:38


Sustainability has moved from the fringes to the core of modern investment strategies, reshaping not just financial systems but the way we define progress itself. In an era where environmental urgency meets technological innovation, the convergence of sustainable finance and green technologies is setting the tone for a new economic reality. This shift demands more than token gestures; it calls for a complete rethinking of how capital is deployed and value is measured. As green bonds fund renewable energy projects and ESG investing aligns profit with purpose, financial markets are becoming pivotal to solving global challenges like climate change and resource depletion. Carbon trading platforms are monetizing emission reductions, while fintech innovations streamline transparency and efficiency in these efforts. This article explores how these tools and strategies are rewriting the rules of finance, making sustainability not just a responsibility but a competitive advantage. What is Sustainable Finance? Sustainable finance incorporates environmental, social, and governance (ESG) considerations into financial decision-making. It channels investments toward projects and practices that mitigate environmental harm while fostering economic growth. This framework supports initiatives like climate change mitigation, biodiversity preservation, pollution prevention, and transitioning industries toward eco-friendly practices. At its core, sustainable finance underscores the shift from short-term profitability to long-term value creation. This transformation is crucial for achieving global objectives like the Paris Agreement and the United Nations Sustainable Development Goals (SDGs). Green Bonds in Financing a Sustainable Future Green bonds are one of the most prominent tools in sustainable finance. These debt instruments allocate capital to environmental projects such as renewable energy, sustainable infrastructure, and conservation efforts. Key characteristics of green bonds include transparency and accountability, ensuring that funds are exclusively directed toward eco-friendly projects. The appeal of green bonds lies in their dual benefits: financial returns and measurable environmental impact. For example, Apple's $4.7 billion in green bonds in 2022 funded renewable energy initiatives and low-carbon technologies. Globally, Europe leads in green bond issuances, with countries like France and Germany setting benchmarks, while emerging markets such as China rapidly expand their green finance portfolios. ESG Investing: Aligning Profit with Purpose ESG investing evaluates companies based on environmental stewardship, social impact, and governance practices. This approach has gained significant traction as investors recognize the link between strong ESG performance and financial resilience. High ESG ratings often correlate with lower operational risks, enhanced innovation, and improved stakeholder trust. For example, institutional investors increasingly favor companies prioritizing reducing carbon emissions, fostering diversity, and maintaining transparent governance. The financial benefits of ESG are well-documented. Studies reveal that companies with robust ESG frameworks often outperform their peers regarding profitability and risk mitigation, making ESG investing an ethical and financially sound choice. Renewable Energy Funding and Carbon Trading Platforms The push for renewable energy funding is a cornerstone of sustainable finance. Investment in solar, wind, and hydropower technologies has surged, driven by both public and private sectors. Initiatives like the European Green Deal aim to mobilize billions in renewable energy projects, setting a global precedent. Carbon trading platforms, another pivotal innovation, allow businesses to buy and sell carbon credits. These platforms incentivize emissions reductions by assigning monetary value to carbon savings. Blockchain technology has enhanced the transparency and efficiency of these ...

European Securitisation Insights
Climate Transition and Fixed Income: Identifying Leaders and Laggards

European Securitisation Insights

Play Episode Listen Later Dec 12, 2024 25:52


In the latest episode of our “European Securitisation Insights” podcast, Mudasar Chaudhry, who leads our European Structured Finance Research team, was joined by Barbara Lambotte, Head of Sustainable Fixed Income Research at Morningstar Sustainalytics, and Christian Aufsatz, Managing Director, European Structured Finance Ratings at Morningstar DBRS, to discuss the climate transition and fixed income.Our guests discussed the interconnectivity of climate change and credit and how transitioning to a net-zero economy creates risks and opportunities for fixed income investors. They also explored the upside and the downside of labelled bonds and how investors identify and select the leaders from the traditional green bonds to broader transition related fixed-income investments as well as how they incorporate downside risk.By downloading or listening to this podcast, you are agreeing to the Morningstar DBRS disclaimer and legal terms and conditions found at dbrs.morningstar.com/about/disclaimer and dbrs.morningstar.com/about/termsandconditions, including that the information provided is not investment, financial or other advice. Morningstar DBRS will not be liable for losses arising from your use of the information. Please note that the content of this podcast is intended for European audiences only. 

FUTUR3 Podcast

Die wöchentlichen Updates aus der ESG-Welt präsentiert von Sustaind.Der Link zum ESG Excellence Forum 2024: https://sustaind.de/kongress/Zum Newsletter anmelden und Updates direkt am Montag morgen per Mail erhalten: https://bit.ly/newslettersustaind | Einfach auf "Subscribe" klicken Imprint: www.sustaind.de

The Daily Brief
Are RBI's Green Bonds a flop?

The Daily Brief

Play Episode Listen Later Dec 3, 2024 15:29


In today's episode of The daily brief, we cover 2 major stories shaping the Indian economy and global markets:00:04   Stories Coming Up!00:17   Intro00:48   India's green bonds are in the red07:42   Is Bajaj finance exiting the co-branded credit card business?13:49   TidbitsWe also send out a crisp and short daily newsletter for The Daily Brief. Put your email here and we'll make you smart every day: https://thedailybriefing.substack.com/You can also listen to this episode in Hindi: https://the-daily-brief-hindi.simplecast.com/Note: This content is for informational purposes only. None of the stocks, brands, or products mentioned are recommendations or endorsements.

The Credit Edge by Bloomberg Intelligence
Green Bonds Will Withstand Political Shock, Nikko Says

The Credit Edge by Bloomberg Intelligence

Play Episode Listen Later Nov 14, 2024 41:46 Transcription Available


Sustainable finance can keep growing despite potential headwinds from the next US administration, according to Nikko Asset Management. “If the political side is not asking for disclosure on strategies and updates on ESG, we as portfolio managers have to ask,” said Holger Mertens, Nikko's head of global credit, referring to environmental, social and governance standards. “It's our job to make sure we're buying assets at the right price,” Mertens tells Bloomberg News' James Crombie and Bloomberg Intelligence senior credit analyst Tolu Alamutu in the latest Credit Edge podcast. Mertens and Alamutu also discuss ESG debt returns, energy transition, issuance forecasts and real estate risks such as stranded assets.See omnystudio.com/listener for privacy information.

IFC Audio Stories
Turning on the Tap in Fiji, Thanks to a Sovereign Green Bond

IFC Audio Stories

Play Episode Listen Later Nov 5, 2024 10:16


Listen to the powerful story of resilience and transformation in Vatani village, Fiji, where access to clean water, made possible by an innovative sovereign green bond, has redefined daily life. Join us as we delve into the journey of some of Fiji's citizens who have benefited from this groundbreaking initiative. Discover how the first sovereign green bond issued by an emerging market, backed by the IFC and World Bank, is creating hope, improving public health, and showcasing Fiji's pioneering role in addressing climate change.

Market Weekly
Green and social bonds: a fully grown market

Market Weekly

Play Episode Listen Later Oct 8, 2024 8:16


The market for green and social bonds has matured in recent years. It now boasts numerous  issuers from diverse sectors, a broad range of maturities and performance similar to that of traditional – corporate and government – bond markets, Portfolio Manager Arnaud-Guilhem Lamy to Chief Market Strategist Daniel Morris about the merits of green and social bonds.  For more insights, visit Viewpoint: https://viewpoint.bnpparibas-am.com/ Download the Viewpoint app: https://onelink.to/tpxq34 Follow us on LinkedIn: https://bnpp.lk/amHosted by Ausha. See ausha.co/privacy-policy for more information.

myPODCAST. Ein Medium der voestalpine
16 EN: Group Treasury and green bonds - the financial world of voestalpine

myPODCAST. Ein Medium der voestalpine

Play Episode Listen Later Oct 4, 2024 9:52


In episode 16 of myPODCAST, we dive into the financial world of voestalpine. How does the Group finance itself, and what role do "green bonds" play? What exactly does the Group Treasury do, and can anyone invest in voestalpine stocks or bonds? Host Sylvia Reim speaks with Günther Pastl, Head of Group Treasury at voestalpine, about the company's financing and the recently issued green bond. This episode has been translated into English using AI from their original conversation in German and the voices were also artificially generated.

Aktien, Börse & Co. - Der SdK Anlegerpodcast
Heidelberg Materials: Der Baustoff-Gigant liefert trotz Konjunkturdelle

Aktien, Börse & Co. - Der SdK Anlegerpodcast

Play Episode Listen Later Sep 10, 2024 62:25


Mit Standorten auf der ganzen Welt, 51.000 Beschäftigten und führenden Marktpositionen bei Zement, Zuschlagstoffen und Transportbeton ist Heidelberg Materials einer der bedeutendsten Baustoff-Player der Welt. Das Unternehmen kann nicht nur mit starken Zahlen glänzen, sondern ist auch auf gutem Kurs, sein Geschäft auf CO2-Neutralität umzubauen. Christoph Beumelburg erklärt in diesem Video, welche Entwicklungen außerdem im Auge zu behalten sind. ⌚ Timestamps: (0:00) Intro (1:13) -- Beginn der Unternehmenspräsentation -- (2:14) Vorstellung des Unternehmens (10:00) Ein attraktives Investment (15:37) Dekarbonisierung & Nachhaltigkeit (33:55) -- Beginn der Q&A-Session -- (34:18) Wieso gibt es Aktienrückkäufe? (36:36) Ist das Rückkauf-Programm schon abgeschlossen? (37:34) Plant Heidelberg Materials eine Abspaltung des Nordamerika-Geschäfts? (40:46) Werden nachhaltige Produkte in allen Regionen nachgefragt? (43:30) Was bedeutet der Wandel zur Nachhaltigkeit für die Marge? (46:07) Warum sind nur 0,6% der Umsätze EU-Taxonomie-konform? (48:43) Können die Investitionen in CCUS-Anlagen durch Capex gedeckt werden? (51:34) Ist der Mangel von Bausand für das Unternehmen spürbar? (52:59) Was bedeutet die Kennzahl RCO? (53:27) Drohen Abschreibungen wegen des hohen Goodwills? (55:18) Wie ist die Laufzeit des Fremdkapitals? Wird mit steigenden Refinanzierungskosten gerechnet? (58:03) Sind die Green Bonds für Privatanleger handelbar? (58:41) Wie geht man mit Fachkräftemangel um? (1:00:20) Wie hoch ist der Zinssatz für die Green Bonds? (1:00:35) Wie sieht die Dividendenpolitik aus?

Ultim'ora
Giovani e competenze finanziarie, la strada è ancora in salita

Ultim'ora

Play Episode Listen Later Sep 4, 2024 2:28


MILANO (ITALPRESS) - "Molti ragazzi in tutto il mondo, e anche in Italia, non raggiungono un livello sufficiente di competenze finanziarie". A dirlo Carmine Di Noia, Direttore Affari Finanziari e dell'Impresa dell'OCSE, ospite di Focus ESG, format tv dell'Italpress. fsc/gsl

Ultim'ora
Giovani e competenze finanziarie, la strada è ancora in salita

Ultim'ora

Play Episode Listen Later Sep 4, 2024 2:28


MILANO (ITALPRESS) - "Molti ragazzi in tutto il mondo, e anche in Italia, non raggiungono un livello sufficiente di competenze finanziarie". A dirlo Carmine Di Noia, Direttore Affari Finanziari e dell'Impresa dell'OCSE, ospite di Focus ESG, format tv dell'Italpress. fsc/gsl

Ultim'ora
Favero (Bocconi) "Spostare l'interesse dei giovani sui green bond"

Ultim'ora

Play Episode Listen Later Sep 4, 2024 2:31


MILANO (ITALPRESS) - "Trovo che spostare l'interesse dei giovani dalle criptovalute ai green bond potrebbe essere una grande idea, perchè va incontro ai loro interessi e alla loro voglia di un mondo migliore da qui a 40 anni". A dirlo Carlo Favero, Professore di Econometria all'Università Bocconi di Milano, ospite di Focus ESG, format tv dell'Italpress. fsc/gsl

Ultim'ora
Favero (Bocconi) "Spostare l'interesse dei giovani sui green bond"

Ultim'ora

Play Episode Listen Later Sep 4, 2024 2:31


MILANO (ITALPRESS) - "Trovo che spostare l'interesse dei giovani dalle criptovalute ai green bond potrebbe essere una grande idea, perchè va incontro ai loro interessi e alla loro voglia di un mondo migliore da qui a 40 anni". A dirlo Carlo Favero, Professore di Econometria all'Università Bocconi di Milano, ospite di Focus ESG, format tv dell'Italpress. fsc/gsl

Ultim'ora
Favero (Bocconi) "Spostare l'interesse dei giovani sui green bond"

Ultim'ora

Play Episode Listen Later Sep 4, 2024 2:31


MILANO (ITALPRESS) - "Trovo che spostare l'interesse dei giovani dalle criptovalute ai green bond potrebbe essere una grande idea, perchè va incontro ai loro interessi e alla loro voglia di un mondo migliore da qui a 40 anni". A dirlo Carlo Favero, Professore di Econometria all'Università Bocconi di Milano, ospite di Focus ESG, format tv dell'Italpress. fsc/gsl

Untangling Climate Finance
Sliced: The Impact of Green Bonds on Climate Finance

Untangling Climate Finance

Play Episode Listen Later Sep 2, 2024 4:53


Tuesday, September 3, 2024 Sliced: The Impact of Green Bonds on Climate Finance In this edition of Sliced, we explore green bonds and their key role in global climate finance.  -- Sliced is a weekly short-form dispatch released every Tuesday that features original thought pieces from our team members with the goal of slicing apart the various complex aspects of climate finance.  If you want to check out the written version of Sliced, click here. And if you want to receive Sliced to your inbox, click ⁠here⁠.  Sliced is produced by ⁠Gordian Knot Strategies⁠. It is written, narrated, and edited by ⁠Jay Tipton⁠. Visit us at www.gordianknotstrategies.com.  Music is by ⁠Coma-Media.

Climate 21
Proactive Conservation: Larry Selzer on Saying Yes to Climate Solutions!

Climate 21

Play Episode Listen Later Jul 24, 2024 37:30 Transcription Available


Send me a messageWelcome to another episode of the Climate Confident podcast! I'm Tom Raftery, and today I had the pleasure of chatting with Larry Selzer, President and CEO of The Conservation Fund. Larry shares his fascinating journey from marine biologist to conservation leader, explaining how he's found at the intersection of economic development and environmental preservation.In this episode, Larry discusses the innovative strategies The Conservation Fund employs to conserve land while supporting economic vitality. We delve into the importance of shifting the environmental movement from a position of saying no to one of proactive engagement, particularly in the context of combating climate change. Larry also highlights the Fund's pioneering efforts in financing conservation through green bonds and public-private partnerships.Key takeaways include: the significance of working forests, the need for infrastructure that supports climate resilience, and how conservation easements can balance ecological and economic goals. Larry's insights underscore the vital role of strategic conservation in our fight against climate change.Don't miss this enlightening conversation on how we can protect our natural resources while fostering sustainable development. Tune in now!Support the Show.Podcast supportersI'd like to sincerely thank this podcast's amazing supporters: Lorcan Sheehan Hal Good Jerry Sweeney Andreas Werner Devaang Bhatt Stephen Carroll Marcel Roquette Roger Arnold And remember you too can Support the Podcast - it is really easy and hugely important as it will enable me to continue to create more excellent Climate Confident episodes like this one.ContactIf you have any comments/suggestions or questions for the podcast - get in touch via direct message on Twitter/LinkedIn. If you liked this show, please don't forget to rate and/or review it. It makes a big difference to help new people discover the show. CreditsMusic credits - Intro by Joseph McDade, and Outro music for this podcast was composed, played, and produced by my daughter Luna Juniper

SRI360 | Socially Responsible Investing, ESG, Impact Investing, Sustainable Investing
SRI Investments That Surprisingly Worked: Lessons Learned from World-Class Investors

SRI360 | Socially Responsible Investing, ESG, Impact Investing, Sustainable Investing

Play Episode Listen Later Jul 16, 2024 27:45


Today's episode is a follow-up to our first “best of” compilation in celebration of our 2-year anniversary as the SRI360 podcast. I'm highlighting some of my favorite and most interesting responses from one of the most popular questions in my interviews.Tune in to hear what these world-class investors in sustainable and responsible investing had to say.This episode features:François Bourdon: ESG Investing (02:18)Managing Partner, Nordis Capital. Full episode.Michael O'Leary: Impact Investing & Activism (03:41) Partner and Co-Head of L Catterton Impact Fund. Full episode.Asha Mehta: Quant Investing (04:58)Managing Partner & CIO at Global Delta Capital. Full episode.Jennifer Pryce: Community Investing (06:30)President and CEO of Calvert Impact Capital. Full episode. Liesel Pritzker-Simmons: Family Office Investing (08:44)Co-Founder & Principal, Blue Haven Initiative. Full episode.Mark Dowding: Fixed Income & Sovereign Bonds Investing (10:51)Chief Investment Officer at BlueBay Asset Management. Full episode.Martin Berg: Natural Capital Investing (12:03)CEO of Climate Asset Management. Full episode. Matt Patsky: Public Equities Investing (13:23)CEO & Lead Portfolio Manager of the Trillium ESG Global Equity Strategy. Full episode. Chris Ailman: Sustainable Institutional Investing (14:48)Founder and CEO, Ailman Advisers. Former CIO of CalSTRS. Full episode.Patrick Drum: Faith-Based Investing (16:48)Portfolio Manager of the Sustainable Fixed Income Fund & Amana Participation Fund for Saturna Capital. Full episode.Radha Kuppalli: Real Asset Investing (18:39)Former Managing Director of Impact and Advocacy at New Forests. Full episode.Sharon Vosmek: Venture Capital Investing (19:56)CEO of Astia, Managing Partner of the Astia Fund. Full episode.Charlotte Kaiser: Impact-Driven Forestry Investing (22:27) Head of Impact Finance, BTG Pactual Timberland Investment Group. Full episode.Adam Swersky: Social Impact Investing (24:11)CEO of Social Finance. Full episode. Marisa Drew: Millennial Investing (25:18)Chief Sustainability Officer of the Standard Chartered Bank in London. Full episode.—About the SRI 360° Podcast: The SRI 360° Podcast is focused exclusively on sustainable & responsible investing. In each episode, I interview a world-class investor who is an accomplished practitioner from all asset classes. —Connect with SRI360°: Sign up for the free weekly email update.Visit the SRI360° PODCAST.Visit the SRI360° WEBSITE.Follow SRI360° on X.Follow SRI360° on FACEBOOK. 

Tom Nelson
Alexander Pohl: The Green Industrial Complex | Tom Nelson Pod #229

Tom Nelson

Play Episode Listen Later Jul 7, 2024 67:34


Former London banker Alexander Pohl worked for years for one of the world's greenest banks. Idealistically driven, he financed big wind and solar farms, genuinely convinced he was making the world a better place. Gradually, he woke up to the fact that today's green is a broken system. He gave up banking and emigrated with his family to his little forest paradise in remote, northern Sweden. The dream was to get back to Nature, start an eco-farm and put as much distance as he could between his family and the industrialization of nature. Until a wind park was planned at the gates of his paradise garden. 00:00 Introduction and Catching Up 00:08 The Rise of Green Fascism 01:17 Challenges to Renewable Energy 03:24 AI and Energy Consumption 04:24 Financial Tsunami in Green Investments 05:33 Public Resistance and Media Influence 10:28 Geoengineering and Climate Influence 17:11 Toxicity of Renewable Materials 20:43 Green Bonds and Financial Risks 30:46 Industrial Complex and Climate Agenda 35:16 The Origins of Geopolitics 36:17 Sweden's Role in World War II 36:54 The Wallenberg Influence 39:33 Climate Change Narratives and Controversies 42:19 The Climate Industrial Complex 48:52 Financial Corruption in Green Initiatives 51:17 Grassroots Opposition and Exploitation 56:36 The Dark Side of Renewable Energy 01:03:20 Concluding Thoughts and Recommendations Headwind 21 documentary: https://www.youtube.com/watch?v=7RgyLDVlAg4 ========= AI summaries of all of my podcasts: https://tomn.substack.com/p/podcast-summaries My Linktree: https://linktr.ee/tomanelson1 YouTube: https://www.youtube.com/playlist?list=PL89cj_OtPeenLkWMmdwcT8Dt0DGMb8RGR X: https://x.com/TomANelson Substack: https://tomn.substack.com/ About Tom: https://tomn.substack.com/about

Transformers | The sustainability change makers
Green Bonds and Green Finance Models in Municipalities

Transformers | The sustainability change makers

Play Episode Listen Later Jun 24, 2024


The podcast Green Bonds and Green Finance Models with Maryke van Staden, ICLEI, Björn Bergstrand, Kommuninvest and Sean Kidney, Climate Bonds Initiative.

SRI360 | Socially Responsible Investing, ESG, Impact Investing, Sustainable Investing
SRI Investments That Didn't Work: Short Lessons Learned from World-Class Investors — 2 Years of Insights

SRI360 | Socially Responsible Investing, ESG, Impact Investing, Sustainable Investing

Play Episode Listen Later Jun 24, 2024 27:42


To celebrate the SRI360 podcast's 2nd anniversary, I've created a “best of” episode with some of my favorite responses from one of the most popular questions in my interviews: the lessons learned from investments that didn't turn out as expected.This episode features:1. Bram Bos: Green Bonds Investing (02:12) Managing Director, Goldman Sachs Asset Management. Former Lead Portfolio Manager of Green, Social, and Impact Bonds at NN Investment Partners. Listen to his full episode.2. Jennifer Pryce: Community Investing (03:45) President and CEO of Calvert Impact Capital Listen to her full episode.3. Marisa Drew: Millennial Investing (05:00) Chief Sustainability Officer of the Standard Chartered Bank in LondonListen to her full episode.4. Mark Dowding: Fixed Income & Sovereign Bonds Investing (07:00) Chief Investment Officer at BlueBay Asset Management Listen to his full episode.5. Matt Patsky: Public Equities Investing (08:49)CEO & Lead Portfolio Manager of the Trillium ESG Global Equity StrategyListen to his full episode.6. Patrick Drum: Faith-Based Investing (09:57)Portfolio Manager of the Sustainable Fixed Income Fund  Listen to his full episode.7. Radha Kuppalli: Real Asset Investing (11:28) Former Managing Director of Impact and Advocacy at New ForestsListen to her full episode.8. Tammy Newmark: Biodiversity Impact Investing (13:53)CEO and Managing Partner of EcoEnterprises FundListen to her full episode.9. Chris Ailman: Sustainable Institutional Investing (15:44) Founder and CEO, Ailman Advisers. Former CIO of CalSTRSListen to his full episode.10. Martin Berg: Natural Capital Investing (16:49) CEO of Climate Asset ManagementListen to his full episode.11. Amy Novogratz: Sustainable Aquaculture Investing (18:52)Co-Founder of AquaSparkListen to her full episode.12. Ed Marcum: Supply Chain Impact Investing (21:12) Managing Director of Working Capital FundFull episode here.13. Karla Mora: Sustainable Fashion Investing (22:29)Founder and Managing Partner of Alante CapitalFull episode here.14. Sharon Vosmek: Venture Capital Investing (24:22) CEO of Astia, Managing Partner of the Astia FundFull episode here.15. Charlotte Kaiser: Impact-Driven Forestry Investing (26:27)Head of Impact Finance, BTG Pactual Timberland Investment GroupFull episode here.—Connect with SRI360°: Sign up for the free weekly email update.Visit the SRI360° PODCAST.Visit the SRI360° WEBSITE.Follow SRI360° on X.Follow SRI360° on FACEBOOK. 

Market Weekly
Scoring sovereign issuers of green bonds

Market Weekly

Play Episode Listen Later May 14, 2024 11:00


A growing number of governments and state agencies is turning to the green bond market to fund measures aimed at helping countries to adapt to and mitigate the effects of climate change or tackle issues such as social inequality.Listen to this Talking Heads podcast with Malika Takhtayeva, ESG analyst, and Ilan Tamsot, Portfolio Manager, as they discuss the sovereign green bond scoring methodology of BNP Paribas Asset Management and today's green bond market challenges with Daniel Morris, Chief Market Strategist. For more insights, visit Viewpoint: https://viewpoint.bnpparibas-am.com/ Download the Viewpoint app: https://onelink.to/tpxq34 Follow us on LinkedIn: https://bnpp.lk/amHosted by Ausha. See ausha.co/privacy-policy for more information.

SRI360 | Socially Responsible Investing, ESG, Impact Investing, Sustainable Investing
Wall Street's Green Bond Warrior: From Creating GB Principles to Financing the Energy Transition | Marilyn Ceci, JP Morgan (#040)

SRI360 | Socially Responsible Investing, ESG, Impact Investing, Sustainable Investing

Play Episode Listen Later Apr 15, 2024 76:19


The world of finance has proven that it has the power to drive the global decarbonization effort and advance interest in ESG investments. ⁤⁤Learn how this is happening with one of the architects of the Green Bond Principles. ⁤⁤Today's guest is Marilyn Ceci, a titan in the world of sustainable finance. ⁤She started in interest rate sales at JP Morgan, making her way to Head of ESG Debt Capital Market, and is now the Managing Director and Senior Advisor to the Center for Carbon Transition. ⁤⁤With over three decades of experience, Marilyn spearheaded ESG debt capital market growth and co-authored the Green Bond Principles, a cornerstone in the development of the green bond market worldwide. She also steered JP Morgan to become the #1 Global Sustainable Bond Underwriter multiple years in a row.⁤Marilyn is a major force in driving the global sustainability agenda forward, earning her several awards and recognitions such as Wall Street's Green Bond Warrior by Reuters and GlobalCapital's Top Most Impressive Green/SRI Investment Banker. ⁤In this episode, I dig into the origins of the Green Bond Principles and their evolution. ⁤⁤Marilyn also shares how green bonds differ from traditional bonds, the role of bonds and fixed income in driving long-term ESG impact, and more. ⁤⁤Join me in this powerful discussion on the transformative power of green bonds and how Marilyn's work contributes to sustainably financing the carbon transition. —Show notes: {link}—About the SRI 360° Podcast: The SRI 360° Podcast is focused exclusively on sustainable & responsible investing. In each episode, I interview a world-class investor who is an accomplished practitioner from all asset classes. —Connect with SRI360°: Sign up for the free weekly email update.Visit the SRI360° PODCAST.Visit the SRI360° WEBSITE. Follow SRI360° on X.Follow SRI360° on FACEBOOK.—Key Takeaways:Intro (00:00)Meet Marilyn Ceci (02:31)An overview of JP Morgan and their ESG debt strategy (07:48)From interest rate sales to kickstarting the green bond market (12:07)Incentives for issuing a green bond vs. a traditional bond & examples (23:36)Insights on co-authoring the green bond principles & their evolution (29:50)The role of bonds and fixed income in driving long-term ESG impact (39:25)Supporting biodiversity, stakeholder engagement, & greenwashing (45:18)Marilyn's take on the new European green bond regulation (51:27)Marilyn's role at JP Morgan's Center for Carbon Transition (55:14)The future of fossil fuel-related projects at JP Morgan (01:03:24)Experience with teaching at Duke University (01:04:58)Rapid fire questions (01:06:48)—Additional Resources:JP Morgan's Center for Carbon TransitionJP Morgan's Carbon Compass OverviewJP Morgan's Carbon Compass MethodologyJP Morgan's 2023 Climate ReportPlanet Tracker Green Washing Report Connect with Marilyn Ceci on

Securitization Insight
Ep 58 - The SEC's Conflict of Interest Rule

Securitization Insight

Play Episode Listen Later Apr 9, 2024 15:11


Joe Lau, Chief Operating Officer of Lord Capital joins Patrick Dolan to discuss the SEC's new Conflict of Interest Rule and its impact on investors. Joe sheds light on investor considerations surrounding C-PACE assets and shares insight on the implications of the Structured Finance Association's comment letter on Basel III implementation. We also evaluate the significance of “Green Bond” designations for renewable ABS, and consider the effects of the US Risk Retention Rule and Rule 17g-5 on investor protection and transparency. Lastly, we discuss the recent removal of the Cayman Islands from the EU Anti-Money Laundering (AML) list and its potential implications for investors.  Listen and subscribe to the Securitization Insight podcast on Apple Podcasts, Spotify, or your preferred podcast app.

CONVERSATIONS ON CLIMATE
Green Bonds and Financing the Transition to a Low-Carbon Economy with Sean Kidney

CONVERSATIONS ON CLIMATE

Play Episode Listen Later Mar 15, 2024 60:00


In this video, Sean Kidney Co-founder and CEO of Climate Bonds Initiative discusses the importance of green bonds and financing the transition to a low-carbon economy. This conversation highlights the urgency of addressing climate change and the potential for green bonds to help fund renewable energy projects, improve energy efficiency, and promote sustainable agriculture. Kidney emphasises the need for clear standards and regulations to ensure the integrity of the green bond market and prevent greenwashing. This video makes a compelling case for the critical role that green bonds can play in financing the transition to a more sustainable future. With the global bond market worth $130 trillion, green and sustainable bonds currently make up just 4 trillion of that total. However, kidney believes that this market has the potential to grow at least ten times in the next decade, making green bonds the biggest asset class in the world. Watch this video to learn more about the role of green bonds in financing a sustainable future.   “We are learning to be adults when the planet needs us to be adults... if we do grow up, we become the consciousness of Gaia. If we don't, we're toast.”  More About the Climate Bonds Initiative Their science-based taxonomy has certified $300 billion in climate bonds across 16 sectors and 20 instrument types, and they have $34 trillion in assets represented at board level.     Some of the insights in this episode include:  Climate as a species-level opportunity (if we can take it)  The trillion-dollar question: are green bonds growing fast enough?  The power of pension funds – and why they're finally waking up  How emerging green markets can solve the West's demographic timebomb  Eat quinoa, not corn (and other lessons from green bond taxonomy)  Climate resilience funding: many flavours of gelato!  Last-mile CCUS, the Icelandic volcano way  Should we just cancel COP? Sean gets stuck in!  Climate lessons from Marx, memes and the KKK  Why turning the world's supertanker is a systems game    "It's never too late till it really is too late…this is really about how we manage the planet…we ended up becoming stewards of the earth…humans affect everything." "… you're thinking, what are we doing?! I'm going to say, how can you not be passionate when you're looking at your future corroding before your eyes in the science?" "So my belief is that we need to change the financial system to be future-fit to meet our needs and, of course, that means bonds that are green will become the biggest asset class."   Listen to the full podcast or watch the video to learn more about the role of green bonds in financing a sustainable future.   REFERENCES: https://www.climatebonds.net/about/speakers-bureau/sean-kidney https://uk.linkedin.com/in/seankidney   This episode of Conversations on Climate is a podcast brought to you by United Renewables. We bring together the best minds from academia and business, to offer their experience and expertise in the face of climate change –from game theorists to corporate diplomats, and oil industry veterans to micro-algae entrepreneurs.    For more top-quality interviews with our incredible guests, subscribe to our YouTube channel or follow us on Twitter. We'd love to have you join us!   Don't forget to share with your colleagues, friends, and family. We would love to hear your opinions and feedback, so please leave your comments on our platforms.   We talk about how the scope of the challenge before us is beyond that of any one individual or any one solution. We listen to thinkers, researchers, policymakers, and business leaders. They discuss a diversity of ideas and solutions to global climate and environmental issues and why they matter. Season 3 is presented by Chris Caldwell and produced by UNITED RENEWABLES.   Tune into both the video and audio versions of this podcast NOW: https://www.unitedrenewables.co.uk/podcast   Please visit our YouTube channel, where all of our Conversations are available for you to enjoy. SUBSCRIBE TO THE CHANNEL HERE: https://bit.ly/3GZpd7R  and ring the notification bell   Join us on Twitter: https://bit.ly/3MnhuSf  Join us on Facebook: https://bit.ly/3Q5UKcj  Join us on LinkedIn: https://bit.ly/3tFEnK3    #leadership #organisationalbehaviour #climate #renewableenergy #conversationsonclimate #londonbusinessschool

The OMFIF Podcast
Analysing Romania's landmark debut green bond

The OMFIF Podcast

Play Episode Listen Later Mar 14, 2024 39:14


Stefan Nanu, head of public debt management and state treasury at the ministry of finance of Romania, joins Burhan Khadbai, head of content at OMFIF's Sovereign Debt Institute, to discuss Romania's long-awaited inaugural green bond, which was the most successful ever euro-denominated bond in this format by an emerging market issuer. As well as the record-breaking deal itself, they also cover Romania's ambitious transition plan and the key features of its green bond framework

SRI360 | Socially Responsible Investing, ESG, Impact Investing, Sustainable Investing
How BlackRock Invests in Green Bonds & ESG Fixed Income | Ashley Schulten, Head of ESG Investing, Global Fixed Income (#036)

SRI360 | Socially Responsible Investing, ESG, Impact Investing, Sustainable Investing

Play Episode Listen Later Mar 11, 2024 78:28


What if your investments could be a force for global change? At BlackRock, the world's largest asset management company, they're steering capital towards a sustainable future with green bonds and ESG fixed-income investing.In this episode, I'm speaking with Ashley Schulten, the Head of ESG Investment for Global Fixed Income at BlackRock. After graduating from Vanderbilt University, Ashley entered the world of finance as a bond trader at First Union. From there, she evolved in the financial world at institutions like BNP Paribas, J.P. Morgan, and Goldman Sachs, before landing at BlackRock. At BlackRock, where over 600 people manage more than $700 billion invested in sustainable strategies, Ashley oversees ESG investing and integration in the active fixed-income asset class.Besides driving the change toward a sustainable future within finance, her leadership extends beyond BlackRock to influential roles in the TCFD and the Executive Committee of the ICMA Green and Social Bond Principles.Ashley is also an Aspen Institute First Movers Fellow and sits on the board of the Mianus River Gorge, the first land conservancy project for the Nature Conservancy, which showcases her commitment to sustainability.This episode highlights the power of integrating ESG data into investment analysis and decision-making. Ashley also shares how she saw the birth and development of the green bonds market, explaining how they work, and how BlackRock was an early adopter of this transformative financial instrument.By leveraging green bonds, impact investing, and ESG data, BlackRock not only achieves its desired risk profiles and outcomes for investors but also drives meaningful change in the real economy.Ashley and I also discuss BlackRock's PEXT/NEXT ESG framework that her team uses to evaluate, tag, and categorize investments based on their positive and negative externalities.Ready to learn the ins and outs of green bonds and ESG fixed-income investing? Tune in.Show notes:  https://sri360.com/podcast/ashley-schulten/About the SRI 360° Podcast: The SRI 360° Podcast is focused exclusively on sustainable & responsible investing. In each episode, I interview a world-class investor who is an accomplished practitioner from all asset classes. Connect with SRI360°: Sign up for the free weekly email update Visit the SRI360° PODCASTVisit the SRI360° WEBSITEFollow SRI360° on X/Twitter  Follow SRI360° on FACEBOOK Key Takeaways:Intro (00:00)Meet Ashley Schulten and learn about her background (03:00)Ashley's evolution from options trader to Head of ESG of Global Fixed Income at BlackRock(13:22)An overview of BlackRock & its sustainable strategies (21:09)Green bonds & the role of publicly traded bonds in sustainability (25:50)ESG criteria in investment analysis & an explanation of PEXT/NEXT (34:31)ESG-integrated vs. ESG-tilted portfolios & examples of ESG fixed-income funds (46:58)The evolution of green bonds into a trillion-dollar market & their role in sustainable finance (57:32)Measuring impact on fixed-income portfolios & issuer engagement (01:05:22)Final thoughts & rapid fire questions (01:13:50)Additional Resources: Connect with Ashley: LinkedInConnect with BlackRock: Twitter Website

Clauses & Controversies
Ep 125 ft. Mitu & Mark

Clauses & Controversies

Play Episode Listen Later Jan 29, 2024 48:17


Can Someone Explain What is Happening to SLBs? A year and a half or so ago, we were working on a paper with UVA's Quinn Curtis on how the promises being made in the typical “use of proceeds” Green Bonds were empty. In the course of that project, we had loads of conversations with industry insiders, who largely agreed, but said that we were studying a thing of the past. The product of the future was the sustainability linked bond (slb). Unlike boring “use of proceeds” bonds, these had real incentives and were going to replace the 1st generation simplistic products. Now, at the end of 2023, we are hearing that this product is in disfavor in the markets. Why? What's going on? Not sure we have answers – but we sure have questions and speculations. Producer: Leanna Doty

Investir com SIM
Poderia explicar o que seria o "green bond" emitido pela Ambipar (AMBP3)? - Live 251 (22/01/24) - Vi

Investir com SIM

Play Episode Listen Later Jan 24, 2024 1:54


Atenção (disclaimer): Os dados aqui apresentados representam minha opinião pessoal. Não são de forma alguma indicações de compra ou venda de ativos no mercado financeiro. Seleção das partes mais interessantes das Lives de segunda. Live 251 - Visão do Estrategista https://youtube.com/live/GSoB20mpeyA

The Security Token Show
Digital Green Bonds on the Blockchain - Security Token Show: Episode 215

The Security Token Show

Play Episode Listen Later Dec 11, 2023 51:04


#tokenization #digitalassets #securitytoken   Tune in to this episode of the Security Token Show where this week Herwig Konings, Kyle Sonlin & Jason Baraza cover the industry leading headlines and go into how industry leaders are tokenizing digital green bonds!   This week we also had the chance to talk to SteelWave's Mitch DiRaimondo & Aaron Dwinell as well as an interview from RedSwan with Ed Nwokedi talking about their recently tokenized $4B Real Estate Portfolio!   Herwig's Company of the Week: SocGen FORGE: https://www.sgforge.com/   Kyle's Company of the Week: Fireblocks: https://www.fireblocks.com/    = Stay in touch via our Social Media = Kyle: https://www.linkedin.com/in/kylesonlin/ Herwig: https://www.linkedin.com/in/herwigkonings/ Opinion articles, interviews, and more: https://medium.com/security-token-group Find the video edition of this episode on our Youtube Channel: https://www.youtube.com/channel/UCTKdeN3ElyPeqtROWUp0CmQ   All articles that were discussed were sourced from https://STOmarket.com/news    Check out our medium blog for more news!   Token Debrief   Tokenized Bond Savings: https://www.ledgerinsights.com/tokenized-bond-savings-cashlink-estimates/   RedSwan CRE: https://finance.yahoo.com/news/redswan-cre-tokenizes-4-billion-182500917.html   Zurich Tokenized Bonds Settle with Swiss Wholesale CBDC: https://www.ledgerinsights.com/wholesale-cbdc-basel-zurich-tokenized-bonds/   Hitachi Digital Green Bond: https://www.ledgerinsights.com/hitachi-japan-largest-digital-bond-green-bond/   Polygon & Digishares Decentralized ID Framework: https://greatreporter.com/2023/12/04/polygon-and-digishares-to-collaborate-on-creating-decentralized-id-framework-for-the-tokenization-ecosystem/   The Market Movements Fireblocks Acquires Blockfold: https://www.crowdfundinsider.com/2023/12/213682-fireblocks-acquires-smart-contract-firm-blockfold/   Exodus Announces End of ATS Trading in Preparation for OTCQB Listing: https://finance.yahoo.com/news/exodus-announces-end-ats-trading-163000191.html#:~:text=OMAHA%2C%20Neb.%2C%20Dec.,Securitize%20Markets%20ATS%20will%20cease   Societe Generale Digital Green Bond: https://www.societegenerale.com/en/news/press-release/first-inaugural-digital-green-bond-public-blockchain SocGen FORGE Euro Stablecoin listed on Bitstamp Exchange: https://www.ledgerinsights.com/socgen-forge-euro-stablecoin-bitstamp-exchange/   = Check out our Companies = Security Token Group: http://securitytokengroup.com/  Security Token Advisors: http://www.securitytokenadvisors.com/  Security Token Market: https://stm.co InvestReady: https://www.investready.com   ⏰ TABLE OF CONTENTS ⏰ 0:16 Introduction: Digital Green Bonds on the Blockchain 1:00 The Token Debrief 14:21 STS Interviews: SteelWave 24:04 Market Movements 37:32 STS Interviews: RedSwan 46:32 Companies of The Week: SocGen FORGE, Fireblocks

S&P Global Ratings
Ep42: Andrew Howard on Sustainable Finance, Green Bonds and Career Paths

S&P Global Ratings

Play Episode Listen Later Nov 27, 2023 31:43


The Greener Way
Bonds, Green Bonds - Arnaud-Guilhem Lamy

The Greener Way

Play Episode Listen Later Nov 27, 2023 20:11


In this episode brought to you by BNP Paribas Asset Management, we'll be talking about green bonds and their role in investments and how they assist in achieving net zero aims.Joining us for this conversation is BNP Paribas Asset Management Head of Euro Multi-Strategy Fixed Income Arnaud-Guilhem Lamy. Marketing Communication – For Wholesale Investors Only

Count Me In®
Ep. 242: Tim Hedley and Shari Littan - Building Trust in Sustainability Reporting

Count Me In®

Play Episode Listen Later Nov 13, 2023 31:41


Welcome to Count Me In, with your host, Adam Larson. In this episode, Adam is joined by Tim Hedley, the Executive in Residence at Fordham University and Shari Littan, Director, Corporate Reporting Research & Thought Leadership at IMA.  Join this thought-provoking discussion as they delve into the importance of internal controls, the evolving landscape of sustainability reporting, and the challenges and benefits organizations face in adopting sustainable business practices.Discover how the COSO framework, the gold standard for reliable reporting, has been adapted to include non-financial reporting objectives, aligning with the rise of sustainability and ESG reporting. Explore critical trends in the world of ESG reporting, from increasing regulations to stakeholder engagement and supply chain transparency.Learn from Tim and Shari as they share their insights on the challenges organizations face in implementing sustainable practices and balancing short-term profits with long-term sustainability goals. Understand the significance of internal controls in providing a basis for external assurance and building stakeholder trust in reported information.Join Tim and Shari for a live event Nov 30 - Dec 1 in NYC. Register todayFull Episode Transcript:< Intro > Adam:            Welcome to another episode of Count Me In. In today's episode, joining us are two guest experts. Tim Hedley, who is Executive-in-Residence at Fordham University, and Shari Littan, Director, Corporate Reporting, Research and Thought Leadership at IMA. Our discussion revolves around the importance of internal controls and sustainability reporting. And how they enhance trust, accountability, and reliability of the reported information.  Tim and Shari share insights from the COSO framework. Which was developed to help improve confidence in all types of data and information. The landscape of sustainability reporting is constantly evolving, with shifting regulatory requirements and increased stakeholder expectations. We explore crucial trends; such as the focus on materiality and risk assessments, stakeholder engagement, supply chain transparency, and evolving reporting metrics. Let's get started, with this enlightening conversation.  < Music > Adam:            Shari, Tim, thank you so much for coming on the podcast. We're really excited to be talking about COSO, internal control, and everything in that whole ESG world. But just for our listeners, who may be unfamiliar, you could've, probably, have heard the term COSO, or ICSR, and those things before, but maybe you're not familiar with those terms. Maybe, Shari, you could take a little bit of time and define, maybe, a high-level overview of what COSO is, the significant, internal control framework, and the purpose of the new documents. Shari:             I'd be happy to, thanks, Adam, it's great to be here. So COSO stands for Committee of Sponsoring Organizations and it came about in the late 1980s. It is a collaboration of five accountancy and auditing organizations. There's the American Accounting Association, which is an academic organization, primarily. AICPA, everyone is familiar. IMA, where we sit, and we primarily focus on the accountants and finance professionals in business, the in-house folks are ours. Institute of Internal Auditors, and FEI, Financial Executives International. So those five organizations make up COSO. COSO came about in the late 1980s, amid what was then the savings and loans crisis, and there was concern that the profession needed to do better. That we were starting to see major accounting failures, disclosure, litigation, regulation, questions. Are we doing the right things in the profession?" So the five accountancy organizations got together, and they said, "How are we going to resolve this? How are we going to promote trust and accountability in what we do, as a profession?" The focus became on this concept of internal controls, which we'll get to.  So in '92, after that, the COSO, as an organization, produced its first internal control framework. And then we can move forward to 1990s, late 1990s, 2000, the Enron, WorldCom's era, which led to Sarbanes-Oxley. And Sarbanes-Oxley, rather than looking at the substance of what a company needs to disclose, again, looked at the idea of governance process, auditing, and said, "In order to produce financial reports to the markets, you need to focus on your systems and your controls. You need management to speak to it, in your reporting system. You need auditors to address controls." We had the PCAOP. So we have this Sarbanes-Oxley, which created this idea of internal controls over financial reporting. And, although, Sarbanes Oxley didn't specifically say, "You must use the COSO framework." It was considered the best thing around, and it's become the gold standard in how to produce reliable financial or corporate reporting in more general. Now, in 2013, the framework was refreshed, we got a new internal control framework. And what it did, in the 2013 refresh, is it added the idea of non-financial reporting objectives. That was around the same time, about 10 years ago, when we started to see all kinds of sustainability integrated, ESG, reporting frameworks. And, so, though not express, what the framework did, in its refresh, was say "Yes, this is completely applicable to these types of activities and reporting." And, so, that leads us to where we are, today. Where, earlier, in 2023 we issued the internal control over sustainability reporting publication. And what the authors did, in that publication, was we looked at the existing internal control framework and said, "Okay, now we're seeing an acceleration of ESG or sustainability reporting and activities, performance and activities.  And that means we need good information, and that means we need quality information and transparency. Let's look at the COSO Internal Control Framework, and see how we can interpret it and apply it to these new forms of reporting. Adam:            Shari, I think that's a great overview. And, as you mentioned, there's the ever evolving nature of this new type of non-financial reporting, ESG reporting. There are shifts in regulatory compliance. We were just speaking before we started recording how this could change, or that could change, or this regulatory body can make a statement, at this moment, at this time, how this is constantly changing.  And, Tim, maybe, I'll ask you, how do you see this landscape changing? And what should organizations be, particularly, aware of, especially, with the ever evolving nature and things constantly moving? Tim:               Well, Adam, thank you, and thank you for having me here. The sustainability reporting landscape has rapidly changed, particularly, recently, to meet stakeholder expectation, and government regulations. And, Adam, your question could be an entire podcast, or a big section of this podcast if we had that kind of time, but I do see some critical trends, just some of the ones, from my perspective.  I mean, many people are out there, I'm sure Shari's got all kinds of ideas of what those trends might be. But there are some that just come to mind, for me. I think the biggest one that I think about a lot, and certainly what I experience in the classroom, and then talking to people who are in the field of sustainability reporting, some of the people I work with in different contexts, I think the first one is increasing regulation.Regulatory bodies, worldwide, are increasing their focus on sustainability reporting. And, personally, I think we should expect ever more stringent reporting requirements. And an interesting case in point, I think, is under the new California Climate Corporate Data Accountability Act. U.S. companies with annual revenues of $1 billion or more, in the State of California, for report both their direct and indirect greenhouse gas emissions, in the next few years. I think that's a huge change and really indicative of the kinds of things that we can expect going forward.  I think next is, probably, increased investor pressure, I have no doubt about that. Institutional investors are placing more emphasis on sustainability factors, while making investment decisions. And, actually, I just saw an actual run of this, recently, last month, actually, they are employing very structured analysis using very detailed sustainability factors. So I think there's going to be more and more demand for increased disclosures, and that's not going to go away anytime soon. I think we're going to see more focus on meaningful materiality and risk assessments. People are paying a lot of attention to ensuring there are robust materiality and risk assessments, that identify and prioritize issues that are most relevant to businesses and to stakeholders. Stakeholder engagement will increasingly be more important.  Engaging with stakeholders now is critical, but, I think, it's only going to become ever more so, as we move through this process. There appears to be a much keener focus on greenwashing, and I, personally, think this is a huge problem for us. I think it's actually gotten to the point, where it seems that the perception of greenwashing is causing some pushback in this space and, actually, almost threatening the integrity of the effort. I think we're going to have to think a lot more about honest transparency, in this process. Do we want people to actually buy into this and trust the process, and the kinds of things, this year, I was just talking about? I think I'm leaning directly toward that notion of more honest transparency. I think there's going to be a greater focus on supply chain transparency. Particularly around human rights, DEI, environmental impact, all these kinds of things. I think we've only seen the tip of the iceberg in this space. I think reporting, metrics will continue to change. The metrics that investors and stakeholders focus on are changing really fast. We are seeing a great deal of movement in the EU, in particular. For example, the Corporate Sustainability Reporting Directive, which went into effect this past January, it's extending the requirement to report on sustainability management from a select number of companies in the EU to nearly all companies in the EU. Except these little micro companies, I guess. So, again, a lot of movement here, a lot of stuff is changing. My bottom line, I mean, I could keep listing these things. But my bottom line is that sustainable reporting is dynamic, it's always changing, and, as professionals, we must stay informed about changes in regulations, investor perceptions, and societal expectations.Shari:             Can I add just one thing to what Tim said, and that is we tend to focus, or we have tended to focus, when we think about corporate reporting on public companies. Because naturally there are securities regulations both in the U.S. and in various jurisdictions around the world. But one thing that we are seeing in the world of sustainability, or ESG information, is that it is going to affect small and medium-sized companies. Maybe not direct corporate disclosure, but to their commercial customers into supply chain. We're actually seeing where a large public company, for example, has made net-zero commitments or other kind of commitments. And they talk about that in their public materials, and it goes into their ratings, et cetera. Well, they turn around and turn to their suppliers and say, "If you want to sell to us, we want your carbon footprint data. We want your modern slavery DE&I data. And we're seeing, in a positive way, in certain places, where the large commercial buyer is working along with the smaller suppliers. The component, the agricultural companies, to say, "Let's find ways that we can work together."  And it has become a competitive advantage for non-public companies to be able to say, "Not only can I deliver your components, but I can deliver your components along with quality information." We're seeing supplier audits in this area starting to come up, or industry collaborations where they're setting standards. So it's not only public companies to think about. Tim:               It's not just the public companies, because I've had conversations with a lot of organizations, they're asking for my help in responding to their customers. And if they're part of the supply chain, they will, certainly, have to disclose Scope 1, 2, & 3 emissions. Shari:             Exactly. Tim:               And one of the problems they have is they have no clue, what in the world that company is talking about. They don't even know what the starting point is. We're talking about internal controls over sustainability reporting, this is wonderful stuff. But if you're a small organization, that's never even heard of this space, that has no idea how to report. A lot more education is going to be necessary for that upstream and downstream indirect emissions providers. I've had people call me up and say, "They're asking, now, my employees, how far do they drive to work? What kind of a car do they drive?" And all of these kinds of things, and it's very confusing for, in particular Scope 1, Scope 3, emissions information providers. Like "How in the world do I capture this stuff?" And, Shari, you're absolutely right, large organizations can't get where they want to get to with their reporting, unless the entire value chain comes on board. Adam:            That makes a lot of sense, and there's going to be so much pressure from the consumers and regulatory bodies. And I can imagine it's overwhelming for any organization. Maybe somebody is listening to this and saying, "I know I need to do something." And, so, maybe, we can define what some of the benefits are to organizations and some advantages, if they can apply the sustainability business, the internal control integrated framework, to their organization.Shari:             Well, I will say that, first of all, one of the great benefits of looking to the COSO framework, or ICSR as we're referring to it in shorthand, is that we already know how to do a lot of this. We have the ability to leverage what we already know about building good governance systems, and controls, and processes, and oversight into our company systems, and looking at the information flow. We can train, think about training our board, and our members, but we already have a lot of the tools, and the know-how to address the concerns. It's not as esoteric or new, it really can be rooted in what we already do. Second, another great benefit is that, although, we think about COSO Internal Control with respect to external financial reporting. When you actually get into the framework, it is enterprise wide, it is holistic.  If you want good reporting, well, then, you need good information, and that means you are tracking your activities, and what your company is doing. And if the company is taking steps to actually become more sustainable in their performance. Of how they source energy, and how they human resources, and take care of waste, and all of those things. So it runs throughout an entire organization.  And the thing that I find is that when you think about it holistically, you start with the concept of purpose. So if you look at the publication, you look at the framework, you look at principle one, a commitment to ethical behavior, of being a good corporate citizen. And what is your purpose?  Why does your company or organization exist in the world?  What are you aiming to achieve? Why should all of your investors, and stakeholders, and employees, stay with you?  What are they going to get out of this; with respect to performance, and activities, and returns? So it leverages a reexamination, it leads to a reexamination, I should say. Why does our organization exist?  What are we doing, and are we doing these things efficiently? Are we doing them effectively? When I first started writing this publication, when I was tapped to become part of the authorship team. I said, "Internal controls and sustainability, well, that feels a little apples and oranges, to me." But, in fact, it's really about focusing on goals. It's focusing on purpose, and objectives, and how the company achieves those, and the information that it uses to decide how it's going to use these resources. Tim:               And I think I'll add something because I thought that was a great explanation by Shari. The bottom line is, from my perspective, I think the framework we're dancing or advocating and what has been put together with respect to internal control and sustainable reporting, it's comprehensive. It has widespread acceptance, it focuses correctly, in my belief, on risk management. It's very adaptable. When I read the publication that Shari co-authored, it's absolutely adaptable. We had with the internal control, the Internal Control Integrated Framework, absolutely adaptable, and it works perfectly here. And, really, most importantly, it has absolute global applicability Shari:             Yes, when I hear Tim say that global applicability is that there are so many regulators, and policymakers, and standard setters, and all sorts of organizations that are saying, "Here's what you need to report." It's a lot on the what to report, but this gives a framework of method of how. Tim:               Yes, and it does a good job with that. Adam:            I think you've given a great explanation about all the advantages and how it benefits. But I can't imagine that it's an easy process, and there are got to be challenges that people can encounter along the way. Maybe we can discuss a few of those challenges, to help people feel at ease. Tim:               When I was thinking through this, you can talk about some of the challenges. But, I think, it might make sense to talk about what some of the benefits are before we got to the challenges, perhaps, because I found that significant. I think the first, at least, from my perspective, the first benefit is enhanced reputation. A commitment to a purpose-driven business can enhance an organization's reputation, there's very little doubt about that. And there's a fair amount to thought leadership research, and surveys, and what have you, that support what I just said. If you look at GM, you look at Procter & Gamble, those are great examples of companies, in their sustainability report that have detailed their corporate purpose in very explicit ways, and easy to read, and make a lot of sense. And really I tell you in this space, there's been a paradigm shift. From just being a shareholder-first mentality, to say, "Hey, well, you know what, there are a lot of stakeholders." I think through this process you can gain a competitive advantage. Gain business practices, it can help recruit, and retain talent, just for one example. They can foster innovation. They can lead to development of new products and services. Think about electric vehicles, think about solar, think about power storage. These are all kinds of industries that we were not even really thinking much about not that many years ago, at least, not in a serious way. They can provide access to new markets and opportunities. And one thing I found very important, certainly, as my work over the last 25 years in the governance space and what have you, I can go a long way to increasing stakeholder trust and engagements. It can also have significant cost savings. Case in point is 3M's, 3Ps-Pollution Prevention Pays.And if you look at a sustainability report you'll see that, "Hey, this has saved billions of dollars since its inception." And they do a good job now of highlighting it, even though this was before we were really talking about sustainability, and ESG, and these things, and they were on top of some of the stuff. Risk mitigation, sustainable practice if well executed, it can mitigate environmental, social, and governance risk, ESG risks. It can help avoid costly reputational damage, integrity breakdowns, governmental scrutiny, fines and penalties, all kinds of benefits. Help provide access to capital, companies that demonstrate strong sustainable performance. Can often find it easier to access capital from socially responsible investors and from institutions that prioritize sustainable investments. Can lead to long-term value creation by producing a more stable and sustainable business model, less risk, and what I would say are higher valuations. And I think that's the greatest selling point for, actually, doing this stuff in a very serious way. It really is all about long-term value creation. And, of course, finally, I would say it can differentiate your brand. If you embrace sustainability and corporate purpose, you can distinguish yourself from competitors and build a brand that resonates with your consumers. Remember, it's all about the consumers in the end. There are some challenges which you had mentioned earlier, when we talked about it earlier. I think one of the biggest ones, the initial investment costs for sustainable products and efforts can be very expensive. Perhaps beyond the grasp of some, but well worth the investment for many. Understanding shifting consumer preferences is not always straightforward. Encouraging consumers to choose sustainable options over conventional ones can be slow and a challenging journey. Sometimes these sustainable options are perceived, sometimes, as being more expensive. Regulatory compliance can be demanding. It may require continuous adjustments to business operations. Clients with changing environmental regulations and standards can require continuous adjustments to your business operations. Which may pose significant operational challenges. Another big one is balancing short-term and long-term objectives it's often tricky. Organizations may, counter a lot of pressure to prioritize immediate profits over long-term sustainability, creating both internal and external pressure. And some may, I'm afraid, think you have to sacrifice one for the other. And, Adam, I don't buy into that, I don't believe that. But a lot of people do believe that, it's an either/or kind of thing. There are significant resource limitations above and beyond the budget I mentioned earlier. Things like renewable energy sources, sometimes, are hard to find. Sourcing sustainable materials can be really difficult, not to mention human resources and talent acquisition can be very difficult. Complex global operations are challenging. Multinationals might face headwinds in implementing uniform sustainability standards across diverse regulatory environments, cultural norms, socio-economic situations. Further global supply chains are incredibly complex. Much more so than domestic organizations, and requires a great deal of collaboration to make this work. And, then, finally, in this area, I would say the greenwashing concerns, we kind of touched upon it earlier. But with the focus on sustainability, there is a risk of an organization engaging in greenwashing. Where they make misleading claims about the environmental benefits of their products or operations. Such practices can lead to reputational damage and loss of trust among stakeholders.  I know I've talked twice about greenwashing, but it is a huge problem. And it really is undermining a lot of the good efforts taking place in this area. So to help ensure long-term viability and success, I think it's important to develop a comprehensive strategy that aligns sustainability goals with the overall corporate purpose. Shari:             Listening to Tim, I'm reminded of a story that was shared with me a few years ago, now. It was my colleague in an agricultural company. And, of course, the questions came to them about carbon footprint, "Are you measuring greenhouse gases, et cetera?"  And, so, they started to do that measurement, the inventory, instituting their processes. And in doing that what they discovered is a huge waste of water because they were looking at how they produce and operate in a more holistic, as you say, totality.  And, so, in trying to quantify and measure their carbon footprint they ended up changing their entire system of water and reduced it by a lot. So they ended up having gains, by extension, to new streams of information, that they hadn't been looking at before. Tim:               It really is an exercise in navel-gazing, looking deep inside yourself, to actually do this stuff. And it's not an easy process, but that's a great example of where there are all kinds of benefits, well, and it's unintended benefits, from actually going through this process, and a lot of discovery takes place. You learn a lot about yourself. Adam:            It really sounds like you can learn a lot. And I think you've kind of illustrated, my last question was going to be around, how does this framework play a crucial role in ensuring effective governance, and rules, and internal control systems. Especially, concerning sustainable business practices, and what you just displayed there, Shari, for us, was a great example of that. And if there are any other examples you guys can share, I think that would be really helpful, and encouraging as people are thinking about this and looking at it. Because it's inevitable that it will be affecting every organization. Shari:             Yes, here's another example that I thought of, when you're getting more into the risk and the overall reasons, to think about sustainable business. But I do remember if you drive along highways now, how often do you see charging stations. In fact, I saw, not far from where I live, a former gas station had completely changed into an electric vehicle station. And I thought somebody else in that supply chain, if you create fuel pumps, you might want to think about changing that business model, and that's what the information can bring forward. Tim:               Yes, earlier I had mentioned that notion of a robust, risk, and materiality assessment. And just adding on to what Shari was saying, I had a conversation not long ago with a tire manufacturer. So they were doing deep dives and taking it very seriously. But they started understanding things that were hugely important and material, they'd never thought about before. For example, when you drive down the road, your tread wears out of your tire. You don't think about, "Where does that rubber go?" Maybe it goes in the atmosphere, it goes on the street, it goes on the side of the road. And suddenly, wow, they're materiality mapping and that process is hugely dynamic. The risk assessment is dynamic, and I think people are looking for that dynamic approach to these kinds of things. You can be an energy company just delivering electricity for a municipality, and suddenly you start getting into solar panels. And, suddenly, "Wow, we got new risk, where are they sourced? Where is this stuff coming from? What does that supply chain look like?" So a lot of interesting things that actually pop out of going through this process. And a lot of it leads to much better decisions and also uncovering important things and cost savings, it's all there. Adam:            Tim, Shari, do you have any final thoughts for our audience? Shari:             Well, as we wrap up, I want to just bring it back to why the internal control, and the COSO framework, and that publication, in thinking about all these new types of activities and new types of information, that has risk associated with it. And there are business risks, but there are also risks in the information. For example, we talk about supply chain, so in order to account for Scope 1, not Scope 1 because that's your data. But Scope 2 and Scope 3, you, by definition, need to get information that doesn't come from your system that you're responsible for, it has to come from a third party. So there's risk in that information. So we need to think about other controls. We need to think about affiliates, or other investees, or companies that we outsource to, that we used to consider immaterial for financial reporting purposes, but now we need their information. Green Bonds, is another, where we're affirming to our lender that we are in compliance with certain ESG metrics and then they lower our interest rate, that's informational risk.  We also have the risk of estimation and expectations, and how we measure prospective assumptions and leads to that kind of reporting. I think that's really huge because so much of sustainability reporting, including some of the mandatory disclosure requirements coming out of Europe, double materiality, impact accounting, it means estimating the future. That's what sustainability is all about. Do we have the resources made available to us in the future? Can we count on that?  Are stakeholders willing to make those available? So, anyway, it goes to the question of estimating the future, which makes many, in traditional accounting, uncomfortable. They don't like to disclose and report on the future and our assumptions. But that's a necessary part of creating the measurement techniques in order to effectuate all these new demands, for reporting all these new KPIs. What I'm saying is that by following what we already know how to do, By leveraging the frameworks that we already have, it can highlight and help direct us address the innovative areas, the information, the use of digital technology, perhaps, to bring this about in a reliable way, and avoid the greenwashing that Tim has highlighted for us. Tim:               Yes, I think the things that you talked about resonate with a lot of things we talked about earlier. Those things are all about long-term value creation. Shari:             Agreed, absolutely. Tim:               You got to be thinking about the future. And, also, one of the things that I see from the work you've done here and the internal controls of sustainability reporting. I think it's going to go a long way to helping with the notion of external assurance of this information. Because now we'll have internal controls in place that make some sense, that can be tested in and of themselves, it gives a lot more confidence in what's being reported. Because stakeholders are going to take some of this stuff with a grain of salt. Unless someone actually opines it, "Hey, wow, you know what they're telling you it seems accurate enough. It's doing what it's supposed to do."  I think that's going to be a huge underpinning for the document we've been discussing here. Because I think it's going to go a long way to enabling that. And unless you have that third-party attestation, the trust may not be there until we get to that point. I don't know, that's just my prediction. Adam:            Well, I appreciate you guys sharing your final thoughts and sharing all your insights with our audience, today. And thanks so much, again, for coming on the podcast. Shari:             Thanks so much, Adam. Tim, it's been a pleasure.  < Outro > Announcer:    This has been Count Me In, IMA's podcast, providing you with the latest perspectives of thought leaders, from the accounting and finance profession. If you like what you heard and you'd like to be counted in for more relevant accounting in finance education, visit IMA's website at www.imainet.org.

Untangling Climate Finance
The Name is Bond, Green Bond: A Conversation with Sean Kidney

Untangling Climate Finance

Play Episode Listen Later Nov 13, 2023 36:51


In this episode, Jay talk with Sean Kidney, the CEO of the Climate Bonds Initiative. They connected in August to review the current state of green bonds, the use of their proceeds, the prevalent topic of greenwashing, and how we can get more climate finance moving to slow down global warming. Sean also shares some personal information such as his journey to becoming a leader in the bond space, and why he works so tirelessly to fight the climate crisis. -- Untangling Climate Finance explores the dynamic field of climate change finance through conversations with industry experts about topics including climate solutions, global carbon markets, carbon projects, novel technologies such as AI and distributed ledger, and much more. If you have any questions, comments, a future guest recommendation, or are interested in joining Jay for an episode, please shoot him a message at: jtipton@gordianknotstrategies.com Credits: The podcast is produced by ⁠Gordian Knot Strategies⁠. It is written, narrated, and edited by ⁠Jay Tipton⁠. Special thanks to Sean Penrith, Jacoba Gundle, Maggie Tipton, and Julie Witherspoon. Music is by ⁠Diamond_Tunes.

The Situation with Michael Brown
11 04 23 The Weekend Hour 3: Text Messages, Saving the Republic, Fiscal Cliff Ahead

The Situation with Michael Brown

Play Episode Listen Later Nov 4, 2023 36:51 Transcription Available


Michael reads some text messges from people who have come to this country from communist or socialist countries who bemoan the demise of the US empire.How would you go about saving the republic? Can it be saved?And the fiscal cliff story continues. This time, it's education spending. Do you know what tax dollars go towards?Joe Biden mumbles about Nature Bonds. Green Bonds. And Nature Swaps. It's a load of bullcrap.

China Perspectives
China ESG Update: Green Bond and Carbon Markets

China Perspectives

Play Episode Listen Later Nov 1, 2023 21:19


Jingwei Jia, Associate Director at Sustainable Fitch, discusses the latest developments in China's rapidly evolving onshore green bond market and the impact of the EU's Carbon Border Adjustment Mechanism on China's national carbon market.(00:00) - Introduction (01:42) - Overview of Sustainable Fitch (02:53) - Developments in China's Green Bond Market (07:33) - Green Bond Market Performance and the “Greenium” (09:26) - Key Investor Concerns for Green Bonds (12:54) - China's Carbon Market after the EU Carbon Border Adjustment Mechanism (17:07) - Other Domestic Carbon Market Developments (20:27) - Conclusion

Everything About Hydrogen - an inspiratia podcast
Opportunities in Africa with Oghosa Erhahon

Everything About Hydrogen - an inspiratia podcast

Play Episode Listen Later Sep 19, 2023 37:51


For the second episode in this new season, the team interviews Oghosa Erhahon to discuss hydrogen opportunities in Africa, including the African Climate Summit in September, and what to look forward to at COP28. Oghosa is a lawyer with experience in strategy on intersectionality topics across energy, climate and low carbon systems towards sustainability. She has experience with governments, International Development and Management Consulting working with donor-funded projects and impact initiatives. These have included; U.S Agency for International Development (USAID), United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF) and other donor funded institutions. Most recently, Oghosa was an Advisor for the GIZ Global Hydrogen Diplomacy Programme.Oghosa is also co-author of the acclaimed ‘Touching Hydrogen Future' book published by World Hydrogen Leaders in 2022. She has published several works and journals including Power in Nigeria - The Decade of Gas (2020), Natural Gas and the Energy Transition – Implications for the Nigeria Energy Industry (2022), and Lighting Africa's Path to Sustainable Energy Transition - The Role of Green Bonds (2023). She is develops Transforming Energy Access programmes; and has given sector-wide presentations, workshops, interviews, and a TEDx Talk on Carbon Neutrality. She is a notable contributor to social impact and Climate Change work streams, liaising with private businesses and organizations towards their Net-Zero ambitions, and Environment, Social and Governance Discourses. Oghosa holds a Masters in Energy and Environmental Law (LL.M) from Nottingham Law School and Law Hons (LL.M) from the University of Derby. ----Links to a few books and articles written by Oghosa:Touching Hydrogen Future (2022)https://europeangasmarket.euTedX Talk on Carbon Neutrality https://www.ted.com/talks oghosa_erhahon_carbon_neutrality_small_changes_big_impact_jan_2022 Lighting Africa's Path to Sustainable Energy Transition: The Role of Green Bonds https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4228602Oghosa on LinkedIn: http://linkedin.com/in/oghosa-erhahon-a6042685

The Solar Podcast
The Explosive Growth of Green Bonds with Sean Kidney, CEO at Climate Bonds Initiative

The Solar Podcast

Play Episode Listen Later Sep 8, 2023 49:02


Today, Dave is speaking with Sean Kidney, CEO of the Climate Bonds Initiative. Join us as Sean discusses the explosive growth of the green bonds market, how capital markets can finance climate solutions, and the urgent need to mobilize investment to avoid climate catastrophe.

The OMFIF Podcast
HKMA explores tokenisation with green bond experiment

The OMFIF Podcast

Play Episode Listen Later Aug 22, 2023 30:54


The Hong Kong Monetary Authority has successfully completed an experimental green bond issuance through Goldman Sachs' digital asset platform — the bank's tokenisation system. While the bond successfully raised $800m for the green bond programme, it was more noteworthy as the first tokenised green bond issued by a government. Kenneth Hui, executive director, external, Hong Kong Monetary Authority, and Rosie Hampson, executive director, digital assets, Goldman Sachs, joined Digital Monetary Institute editor Lewis McLellan to discuss the benefits that tokenisation offers for the green bond market and the challenges they overcame in delivering the deal.

Walk Talk Listen Podcast
Virtual WalkTalk Listen with Chrissa Pagitsas (episode 123)

Walk Talk Listen Podcast

Play Episode Listen Later Jul 5, 2023 52:27


Chrissa Pagitsas is a keynote speaker and strategic advisor to senior executives and boards on driving business value through global sustainability and ESG strategies. She is Principal and Founder of Pagitsas Advisors and a Senior Advisor to McKinsey & Co.   Recognized as a “Green Bond Champion” by the Climate Bonds Initiative and a recipient of the US Green Building Council Leadership Award, Chrissa led the Green Financing Business at Fannie Mae and was the Head of ESG. Her leadership and product innovation has made Fannie Mae the world's largest issuer of Green Bonds, with over $110 billion issued through 2022.   Chrissa's best-selling book Chief Sustainability Officers at Work (Apress, 2022) explores the unique business opportunities and challenges tackled by the Chief Sustainability Officers and Heads of ESG of Fortune 500 companies including BlackRock, Coca-Cola, Duke Energy, and Procter & Gamble.   Chrissa holds an MBA from the Darden School of Business, University of Virginia and a BA from Johns Hopkins University.   Her Twitter and Instagram.   The songs picked by all our guests can be found via  our playlist #walktalklisten here.    Please let me/us know via our email innovationhub@cwsglobal.org what you think about this new series. We would love to hear from you.   Please like/follow our Walk Talk Listen podcast and follow mauricebloem on twitter and instagram.  Or check us out on our website 100mile.org.  We also encourage you to check out the special WTL series Enough for All about an organization called CWS.  The 11th 100 mile walk campaign will continue until the summer, find more info via de 100mile.org website. Or go straight to our fundraising page.

The OMFIF Podcast
What can public finance management teach the green bond market?

The OMFIF Podcast

Play Episode Listen Later Jun 29, 2023 29:33


Though generally treated as separate, the qualities of good management of public spending – transparency, efficiency, high quality impact assessment – have much in common with the qualities encouraged in sustainable finance. Editor of the Digital Monetary Institute Lewis McLellan is joined by Eila Kreivi, European Investment Bank's chief sustainable finance adviser, Alex Caridia, RBC's head of public sector markets, and Mark MacDonald, EY's global lead for public finance management, to discuss the similarities between the two areas and how technological developments are impacting both.

Free Range with Mike Livermore
S2E11. Curtis, Gulati, and Weidemaier on Empty Green Promises

Free Range with Mike Livermore

Play Episode Listen Later Jun 28, 2023 69:20


On this episode of Free Range, host Mike Livermore is joined by UVA Law professors Quinn Curtis and Mitu Gulati, as well as UNC-Chapel Hill Law professor Mark Weidemaier, all experts in the regulation of financial markets, to discuss new paper, Green Bonds and Empty Promises. A wide range of institutions borrow within the bond market, including municipalities, corporations, and sovereign nations. The essence of a bond is a set of promises, which include repayment terms and limits on opportunistic behavior by debtors. One new feature of the bond market is the rise of ESG (Environmental, Social, and Governance) investing. ESG is widespread within the mutual fund industry, but has found a place in the bond market as well. But there is a difference between investing in the environment through stocks and through bonds. Stocks allow the investor to earn more as companies gain wealth by adapting to climate change, but bonds are paid back at a fixed rate of return, so the risk and return equation is different. Green bonds are a type of bond that is associated with environmental projects, but the actual language in bonds dealing with sustainability or environmental performance is often vague. This was one of the major research findings in Green Bons and Empty Promises – purportedly environmentally friendly bonds don't actually limit how the borrower can spend the borrowed money (0:50-27:58). To understand the market for green bonds, Gulati, Curtis, and Weidemaier began by defining the category “green.” For this, they relied on third party databases that are used throughout the industry when investors are building ESG portfolios. Issuers likely determined their own categorization, essentially deciding whether their own bonds would be listed as “green.” The green label matters because these bonds might have a lower interest rate, referred to as a green premium, although research indicates that any green premium that does exist is very small. But, green bonds do appear to enjoy a some benefit in terms of liquidity because many investor want to show their clients environmental responsibility. After collecting a sample of green bonds, the team then investigated the actual promises found in them. Interestingly, their research found that green bonds generally do not possess legally enforceable commitments to use proceeds for environmental projects. Interview research found that many know the “green” label is PR and don't expect the status quo to improve. (27:59-57:56). The conversation wraps up with the methods in which the situation can be addressed, and all four provide their opinions. Weidemaier explains that legal enforceability would remove the market's liquidity, transforming it to an affinity bond market that is no longer fungible. Another option is to simply kill the market, since green branding can still happen but then no one is misled on such a scale. Curtis believes that there is some room for improvement, as certifiers can begin considering legal enforceability and the market would inevitably become smaller, but more credible. This theory depends on the sincerity of the investors' demand. Gulati considers the green bond market to have the potential to evolve into something better, since it is currently booming and the way it operates is unique. Livermore describes significant environmental improvements as being made mostly through policy, so the value in private markets is mainly that they raise awareness for climate change and may aid in a cultural shift to support pro-environmental policy (57:57-1:09:20).

Sovereign Debt with Jill Dauchy
Episode 28: Cesar Arias on Colombia's green bond framework

Sovereign Debt with Jill Dauchy

Play Episode Listen Later Jun 19, 2023 39:36


Cesar Arias, former Director of the Debt Management Unit of Colombia, joins the show to discuss the strategies and challenges in creating the country's green bond issuance program. 

Flight Club
Chrissa Pagitsas, Advizes Fortune 500 Companies on ESG

Flight Club

Play Episode Listen Later Jun 16, 2023 34:09


Chrissa Pagitsas is a sough-after public speaker and strategic advisor to senior executives on the intersection of sustainability, environmental, social, governance (ESG) and global business. Ms. Pagitsas is the author of the book “Chief Sustainability Officers at Work” (Apress, 2022) which explores the leadership strategies of Chief Sustainability Officers at Fortune 500 companies including Coca-Cola, Cognizant, DBS, Duke Energy, IKEA, Owens Corning, Procter & Gamble. Recognized as a “Green Bond Champion” by the Climate Bonds Initiative and a recipient of the US Green Building Council Leadership Award, Ms. Pagitsas is responsible for market-transforming innovations including the first Green Commercial MBS in the US and the US EPA ENERGY STAR® 1 to 100 Score and Certification for Existing Multifamily. As the first Vice President of ESG at Fannie Mae and Head of the Green Financing Business, Ms. Pagitsas launched the company's Enterprise ESG Strategy and issued over $51 billion in Green Bonds. Website: www.pagitsasadvisors.com LinkedIn: www.linkedin.com/in/chrissa-pagitsas  

The Darin Olien Show
How Corporations Can Help Promote Sustainable Consumption | Douglas Sabo, Chief Sustainability Officer at Visa

The Darin Olien Show

Play Episode Listen Later Jun 14, 2023 67:02


Did you know there are over 6,000 transactions per SECOND?   That's a whole lot of consumption going on. Now, can you imagine what a difference it would make if only 1/10 of those purchases were made on sustainable products and brands?   In this episode of The Darin Olien Show, I chat with Douglas Sabo, Chief Sustainability Officer at Visa about their sustainability efforts to diminish the carbon footprint emitted from the consumption propelled by their brand. From developing the Green Bonds Framework to reporting back on their sustainability efforts and partnering with brands that make sustainability accessible for consumers, Visa is working hard to ensure we are moving forward towards a greener planet.   Douglas Sabo is Chief Sustainability Officer at Visa Inc. In this role, Sabo leads the development and oversight of Visa's global environmental, social, and governance (ESG) efforts, including Visa's ESG strategy, framework, reporting, and stakeholder engagement. Sabo also leads Visa's initiatives in environmental sustainability, human rights, and other areas of responsible business. In sustainability, Sabo's work includes building out Visa's initiatives in the company's operations as well as in empowering sustainable living and commerce.     What we discuss:   06:36: Doug's involvement in Down To Earth 08:36: How did Doug end up at Visa? 14:28: What is Doug most excited about? 18:15: How does sustainability fit into Visa's efforts? 31:30: What green credit cards does Visa associate with? 35:54: What is the Green Bond framework? 40:34: How important is corporate accountability? 54:09: Where is the next sustainability opportunity? 57:32: What kind of collaboration is happening among industries and brands for sustainability?     Key Takeaways:   Oftentimes, corporations are guilty of greenwashing and tricking consumers into believing they're making a good decision by picking these brands. While the truth tends to come to light at some point, corporate accountability ensures they are doing what they claim to do.   Brands and industries must collaborate and cooperate to reduce their emission footprint. While it has started happening, it tends to get very competitive as certain brands compete close to each other. However, cooperating and collaborating in this way allows them to change landscapes and move forward.   Moving forward is the antidote to changing towards a better world. While most of our consumption is unsustainable, it doesn't mean it has to be like that or stay that way. Finding solutions and implementing solutions is the way to move forward toward a greener world.    Find more from Visa:   Website: https://usa.visa.com/about-visa/esg.html Instagram: https://www.instagram.com/visa_us/   Find more from Darin:   Website: https://darinolien.com/ Instagram: https://www.instagram.com/Darinolien/ Book: https://darinolien.com/fatal-conveniences-book/ Down to Earth: https://darinolien.com/down-to-earth/   More links:   Shop Methodology at  https://www.gomethodology.com/ and use the code DARIN at checkout.    Learn more about The Dirt Locker® by visiting www.dirtlocker.com    Shop Bite and use code DARIN20 to save 20% on your Bite subscription: https://trybite.com/darin   LIMITED OFFER: Switch up to US Bank Altitude CONNECT Visa Signature card to earn 4X points on travel, and at gas stations and EV charging stations, and 2X points at grocery stores, dining, and streaming services. Get started by visiting USBank.com/AltitudeConnect. (Some restrictions may apply.)  

Radio Advisory
164: Boston Medical Center's path to sustainability (and how they're funding it)

Radio Advisory

Play Episode Listen Later May 23, 2023 21:05


Hospitals and health systems across the globe are looking towards environmental sustainability. However, in a tumultuous economic environment, it can be challenging to balance sustainability efforts with bottom-line necessities while operating under tight margins. In this episode, guest host and Advisory Board's environmental sustainability expert Miles Cottier invites Bob Biggio, Senior Vice President of Facilities & Support Services at Boston Medical Center, to discuss long-term green financing strategies. Throughout the discussion, they explore Boston Medical Center's medical campus redesign, issuing of "Green Bonds," and their efforts balance sustainability with efficiency and cost-savings. Links: The 5 things we're watching in international healthcare in 2023 How can you make progress on environmental sustainability? By defining the problem and asking the right questions. Ep. 119: How health leaders can address climate change Here's how hospitals can chart a path to a sustainable financial future Three ways your climate change inaction will hurt your bottom line What health system strategists will prioritize in 2023 and beyond Learn more about Advisory Board Events at advisory.com/resources/events