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Annual ICMA and JSDA Joint Conference: Developments in Green and Social Bond Markets – The Asian Perspective
 
Date and Venue

Date:
11 December 2018
Time:
08:45-17:05

Venue: Hotel New Otani Tokyo
4-1, Kioi-cho,
Chiyoda-ku, Tokyo
102-8578, JAPAN


Overview

The International Capital Market Association (ICMA) and the Japan Securities Dealers Association (JSDA) held their second joint conference on Developments in Green and Social Bond Markets on 11 December 2018 in Tokyo.

Global issuance of green bonds, which raise finance for projects with environmental benefits, continues to grow rapidly. Global issuance grew by 21% in H1 2018 to US$85bn (source: SEB). Issuance from corporates and financials grew especially well (+40% and more than double, respectively). Cumulative green bond issuance is approaching $500bn. The social and sustainability bond segment has also been buoyant, with amounts outstanding growing to $44bn by end H1.

In Asia, the Asia-ex-China region has grown most rapidly in the past 12 months, with issuance growing almost 300% to $14bn (to end 8/18, source: SEB) including the issuance by Japanese issuers at $2.8bn (source: MoE, Japan). China remains the largest market in Asia, with close to $30bn issued in the last 12 months.

These markets are supported by widely accepted voluntary guidelines on transparency and accountability for issuers, the Green and Social Bond Principles and Sustainability Bond Guidelines, governed by an Executive Committee of elected market participants and hosted by ICMA. The Executive Committee, supported by ICMA, published a wide range of new guidance and research in 2018, including mapping to the UN SDGs, Guidance for External Reviewers, new Impact Reporting Guidance for Social Bonds, and an Investor Survey.

The Tokyo conference brought together issuers, underwriters, investors, policymakers, market infrastructure and service providers, NGOs and other stakeholders in the global and in particular Asian green, social and sustainability bond markets.

Agenda



08:45
Registration, Tea & Coffee
09:30
 
 
Welcome & Opening speech
Shigeharu Suzuki, Chairman and CEO, JSDA
09:35


Welcome & Keynote: Convergence of Global Standards & the Pivot to Asia
Martin Scheck, Chief Executive, ICMA 
09:40   Guest Speech
Minoru Kiuchi, State Minister of the Environment Japan
09:45








Panel: GBP/SBP - Driving Standards and Going Mainstream
Presentation & Moderator: Peter Munro, Director, ICMA
Panellists:
Marilyn Ceci, Managing Director, JP Morgan
Eric Brard, Head of Fixed Income, Member of Executive Committee, Amundi
Jonathan Drew,
Managing Director, HSBC; Chair, Green Loan Committee, APLMA
Stephanie Sfakianos, Head of Sustainable Capital Markets, BNP Paribas
Wei Kong, Partner, Zhonglun Law Firm; Co-chair, FC4S
10:35

Coffee & Networking Break
11:10







Panel: The Japanese market – architecture for growth
Presentation & Moderator: Yoshiyuki Arima, Japan Representative, World Bank
Panellists:
Yasunobu Katsuki,
Senior Primary Analyst, Mizuho Securities
Toshiyuki Kobayashi
, Deputy Executive Director, Finance Department, Japan Student Services Organization, Japan Student Services Organization (JASSO)
Atsushi Kitadai,
Head of Finance Planning Team, Finance Division, Mitsui O.S.K. Lines, Ltd.
Amane Yamazaki,
Managing Director, Head of Social & Environmental Risk Assessment Office, Solution Products Division, MUFG Bank, Ltd.
12:00


Keynote
Masamichi Kono
, Deputy Secretary-General, OECD
12:10
Lunch
13:20

Keynote
Jean-Marie Masse,
CIO, Financial Institutions Group, IFC
13:30








Panel: Identifying Value in Green & Social instruments
Presentation and Moderator: Frank Czichowski, Senior Vice President & Treasurer, KfW
Panellists:      
Herry Cho,
Head of Sustainable Finance, Asia, ING
Geoffrey Choi, Financial Services Assurance Leader, Asia Pacific, EY
Irene Sanchez
, Head of Investor Relations, EIB
Akira Ishiwata,
Head of Credit Rating Planning and Research Div. and Director of ESG dept., Rating and Investment Information, Inc.
Jason Mortimer,
Senior Portfolio Manager, Fixed Income Investment Dept., Nomura Asset Management
14:20



Keynote
Jun Ohta,
Director, Deputy President and Executive Officer,
(Representative Executive Officer) Group CFO and Group CSO, SMFG
14:30








Panel: Green & Social Bonds & Loans serving the SDGs
Presentation & Moderator: Mushtaq Kapasi, Chief Representative, Asia, ICMA
Panellists: 
Juliette Macresy,
CFA, Head of Greater China & SE Asia markets, Vigeo Eiris
Couro Kane Janus,
Assistant Treasurer, IFC
Masataka Sampei,
Managing Director, Deputy Head of Capital Markets, Head of SDGs Finance, SMBC Nikko
Benjamin Lamberg,
Managing Director, Global Head of MTNs & Private Placements and Head of Credit Asia, Crédit Agricole CIB
Hidenobu Shirota,
Senior Managing Director, Co-Head of Global Investment Banking, Daiwa Securities Co. Ltd.
15:20
Coffee break
15:50

Keynote
Akira Kiyota,
Director & Representative Executive Officer, Group CEO, Japan Exchange Group, Inc.
16:00








Leadership Debate
Catalytic presentation & moderator: Reiko Hayashi, Chairman Japan Capital Markets, BoAML; Member of JSDA Council for Promoting the SDGs
Panellists:
Frank Czichowski,
Senior Vice President & Treasurer, KfW
Kiyotaka Sasaki,
Director-General, Strategy Development and Management Bureau, Financial Services Agency, Japan
Tetsuya Kikuta,
Director, Managing Executive Officer, The Dai-Ichi Life Insurance Company, Ltd.
Masahiro Goto,
Senior Managing Director, Investment Banking, Nomura Securities Co., Ltd.
Vincent Lee, JP,
Executive Director (External), HKMA
17:00

Closing Remarks
Martin Scheck,
Chief Executive, ICMA
17:05
Close
 
 
 
*Please note this agenda is subject to change.


  Sponsors




Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10 globally. It manages more than 1.470 trillion euros of assets across six main investment hubs. Amundi globally offers its clients a wealth of market expertise and a full range of capabilities. Clients also have access to a complete set of services and tools. Thanks to its unique research capabilities and the skills of close to 4,500 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.

For more information please visit: amundi.co.jp and about.amundi.com


  


  BNP Paribas is a leading international bank with a presence in 73 countries, with over 190,000 employees. The Group has key positions in its three main activities: Domestic Markets, International Financial Services, and Corporate & Institutional Banking. The Group helps its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

For more information.


 

Daiwa Securities Group, as one of the leading, comprehensive financial service firms in Asia, operates core businesses such as Retail, Global Markets, Global Investment Banking, M&A advisory services, Asset Management, and Investment. Other core businesses include world famous research and banking operations.

Under our unity within the group, we provide a broad range of services to various
clients.

For more information.






Owned by the 28 EU Member States, EIB is the largest multilateral lender and borrower in the world and our 3 300 staff can build on 60 years of experience in project financing.  The EIB targets four priority areas in support of growth and job creation: innovation and skills, Small Medium Enterprises, climate action and strategic infrastructure across the EU.

In 2007, EIB pioneered the green bond market. EIB has raised more than EUR 23.5bn in green bonds across 11 currencies. The Bank provided more than €19.6 billion to fight climate change in 2017 (nearly 30% of our total financing).

For more information

   




ING is a global financial institution with a strong European base, offering retail and wholesale banking services to customers in over 40 countries.

Sustainability forms an integral part of ING’s Think Forward strategy, which is evidenced by ING Group shares being included in the FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World), where ING is among the leaders in the banks industry group.

We believe that being sustainable is not just about reducing our environmental footprint. As a bank, our role is to facilitate and finance society’s shift to sustainability. We are committed to better understanding the impact of our lending activities and working with our clients to drive progress towards a low-carbon and self-reliant society

For more information

   



Mizuho Securities, as one of the core group companies in the Mizuho Financial Group provides comprehensive investment banking and securities expertise under the slogan of “One MIZUHO”. It has an outstanding track record in arranging both retail and institutional bond transactions in various currencies for Japanese and foreign issuers. 

By leveraging its expertise and global presence through its dedicated 262 offices across Japan and 9 offices overseas as of June 30, 2018, Mizuho Securities is committed in expanding the “Green and Social Bond” markets.

For more information

   
   

Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By ‘Connecting Markets East & West’, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant Banking.

Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership.

For further information about Nomura, visit www.nomura.com








SMBC Nikko Securities, a member of the SMBC Group, is one of the leading full-line securities firms in Japan covering all client segments and offering a broad range of financial products and services through its 149 branches in Japan and its global network including five subsidiaries.

In 1999 we created the Nikko Eco Fund, the first SRI fund in Japan. Since then, we have actively worked on addressing key social issues through a range of investment products for investors and also have been providing our institutional clients with SDGs financing opportunities in areas including the green, social and sustainable bond markets to address the growing profile of ESG issues in capital markets.

For more information





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Supporting Associations


     

Japan Investment Advisers Association
   
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