This is the story of the first Green Bond
This World Bank video provides exciting insights into the development of the first green bond: how silo mentality was overcome, how scientific second opinion experts and product developers learned a common language in new forms of interaction, and how transparency was raised to a new level and values were created through impact reporting. Many findings might soon be transferred to social bonds or similar theme bonds.
Intensive work is being done on market development. A voluntary Green Bond Standard is currently being developed at European level, applicable to both listed and non-listed bonds, based on best market practices (transparency and use-of-proceeds approach) and applicable to EU or international green projects and issuers.
Such a standard will continue to develop the market positively. And the green bond market is already on a good course for growth:
According to finance-magazin.de, bonds with a total volume of 86.4 billion dollars were placed worldwide, the profits of which will be used for sustainable projects. This is an increase of 26 percent compared to the first half of last year (2018) and a new record. The market is thus on a good course to exceed the previous year’s volume: in 2018, green bonds worth 132.3 billion dollars were issued.
None of this would be possible without the first green bond. Therefore, this video tells a very special success story.
Copyright: With friendly permission from the World Bank.