50 Shades of Green: Bringing Transition Financing to the Capital Markets: Speakers Update
12 Aug 2018"50 Shades of Green: Bringing Brown Economy Transition Financing to the Capital Markets"
Rountable - 3rd October 2018 - 1 Moorgate Place, London.
Applications to attend here... https://www.bondradar.com/events/forthcoming_events/7#register
++ Speakers ++
Susana Meseguer - Director of financing: (Repsol)
David Averre - Global head of credit analysis: (Insight Investment)
Nick Stansbury - Natural resources fund manager: (Legal & General Investment Management)
Manuel Adamini - Head of investor engagement: (Climate Bonds Initiative)
Nicholas Pfaff - Secretary & Senior Director Green Bond Principles: (International Capital Market Association)
Stephane Marciel - Head of sustainable bonds DCM: (Societe Generale)
... more speakers to follow.
++ Event overview ++
"The emergence of environmental and social use-of-proceeds bonds has undoubtedly been a debt capital markets highlight in recent years. Yet the borrower profile in this market segment has gaps it needs to close if green bonds are to take
their rightful place in the climate-mitigation agenda.
Primary green bond volumes have risen by leaps and bounds and the market has tremendous potential. This is due to the move to better standards and a positive accommodation between issuers and investors, as ESG becomes embedded in institutional mandates and borrowers start to see execution benefits from labelled issuance.
Corporate issuance now accounts for around a quarter of total GB volumes. Not surprisingly in the market's early growth spurt, this has been skewed to renewable energy companies and power companies and utilities funding or refinancing renewables projects, and to real estate companies developing or adapting buildings with green credentials.
Astonishingly, European (predominantly Swedish) property companies have issued comparable amounts in Green Bond format, excluding the above, to all other corporate issuers world-wide; many of which from the waste management, pulp and paper, and forestry sectors.
Events Radar's Adapting the Green Bond Market to Accommodate Brown-Economy Transition Financing Seminar will go where no other Green Bond event has gone:
submitting that the GB market should accommodate issuers from the oil and gas, metals and mining, automobile and industrials sectors looking to raise transition financing that need not always be focused on renewables. This remains a highly controversial topic but this need not be the case.
Should the GB ecosystem adapt and accept that companies looking to finance their transition to lower carbon emissions will have a significant impact on the climate-change agenda and should therefore be able to finance such activities via Green Bonds?"
Topics to be addressed:
* Evaluating the brown-economy transition agenda
* Shouldn't the Green Bond market support transition efforts of brown-
economy companies?
* Realpolitik vs sloganising: what's wrong with issuing Green Bonds to
finance operational efficiencies and improvements at brown-economy
companies if this cuts carbon emissions as part of formal transition
contexts?
* If cleantech is Green in China, why shouldn't it be green elsewhere?
* Why doesn't the issue of sovereigns selling Green Bonds while
continuing actively to develop fossil-fuel exploration and
extraction; or companies selling GBs while maintaining nuclear power
capabilities present a conundrum, even in an 'issue not issuer'
scenario?
* Shouldn't investors decide what's acceptable or not?
Moderated by Keith Mullin, thought-leader and Founder of KM Capital Markets, this Events Radar Seminar will convene panels of experts to discuss these critical topics in open and interactive forum.
Register https://www.bondradar.com/events/forthcoming_events/7#register
