Green Bonds, green bonds, for the climate. On the occasion of the Paris 2017 Climate Finance Day, nine of the largest European companies issuing green bonds (EDF, Enel, ENGIE, Iberdrola, Icade, Paprec, SNCF Réseau, SSE and TenneT,) announced their commitment to further develop one of the more dynamic than today's sustainable finance, the green bond market. In Italy, it is not alone Enel to have launched financing operations on green bonds; the first group in the energy sector to start was in 2014 Ivy, but others followed suit and in 2017 the issues of Iren (500 million) and Intesa Sanpaolo (orders for 1,8 billion) should be noted, testifying to a growing interest in this financing instrument.
The commitment to increasingly sustainable finance linked to renewable energy was made by Xavier Girre (EDF, energy, France), Alberto De Paoli (ENEL, energy, Italy), Judith Hartmann (ENGIE, energy, France), José Sainz Armada (Iberdrola Group, energy Spain), Vctoire Aubry (Icade, real estate, France), Charles-Antoine Blanc (PAPREC GROUP, waste, France), Hugues De Nicolay Deputy (SNCF Réseau, Railways, France), Gregor Alexander ( SSE, energy, Great Britain), Otto Jager Chief (TenneT, electric transmission, Holland): they are all Chief Financial Officers or CEOs of the 9 companies that took the field on the occasion of the Climate Finance Day taking place today in Paris.
The assumption from which they started is that the green bond market "represents one of the most visible and best developed aspects of sustainable finance, with the potential to attract a significant portion of the financial flows necessary to drive the ecological transition". The proof is in the numbers: limiting themselves to the 9 giants that have taken the field, they alone have already issued a total of 26 billion green bonds, a figure that represents just over 10% of the total issued so far on the market. A sector which, they affirm in the solemn promise signed today, is increasingly gaining the consent of investors also in the future.
That is why the 9 renew their commitment to persevere on this path, to be present on the long-term market, to use green bonds as a tool to achieve the goals of the Paris Agreement on climate, to improve reporting and disseminate more and more information on the allocation of funds raised, highlighting both the benefits in financial terms and in the results of CO2 reduction.
