Events
ICMA EVENTS

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

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

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

The International Capital Market Association (ICMA) and the Japan Securities Dealers Association (JSDA) will hold 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 will bring 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.

The full agenda will be published in due course.

Admission: Open to all interested financial market participants free of charge. Registrations in advance are essential.

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ICMA Training Course: Introduction to Green Bonds

Date: 11-12 February 2019
Time Day 1: 08.30 - 16.45 - Followed by networking drinks
Time Day 2: 08.30 - 16.30

Venue: International Capital Market Association (ICMA) Limited, 23 College Hill, London EC4R 2RP

This two-day course from ICMA provides a thorough and practically oriented introduction to the essentials of green bonds. Developed and delivered by a combination of leading market practitioners and ICMA’s green bond experts, the material also benefits from input from members of the GBP Executive Committee, comprising the elected representatives of the most significant issuers, investors and underwriters in the green bond market.

The course introduces underlying market drivers, the evolving regulatory framework and the main features of the green bond product and market based on the GBP. These were brought to life by case studies from a wide range of leading market participants and service providers, representing the main types of actor in this market.

It includes essential definitions of what constitutes a green bond issue and a detailed review of how the Green Bond Principles work. It explains practicalities from different perspectives, including those of the issuer, intermediary, investor, service provider and regulator. It spans the preparation and execution of issuance, the central role of external reviews, and the associated reporting, from use of proceeds reports to impact reporting. It introduces the role of intermediaries and explores strategies deployed by prominent investors in green bonds. Concepts are illustrated by examples from leading practitioners, and a wide range of case studies, notably on transactions and external reviews internationally, to help candidates prepare for practical implementation. The case studies offer relevant insights from across geographies and sectors. Importantly there are interactive workshops to cement key learning outcomes from the course participant’s perspective. While focusing on green bonds the course also looks at developments in the social and sustainable bond markets, which have started to flourish, building on the success of green bonds. ICMA & the GBP Executive Committee have led the way with the introduction of the Social Bond Principles and the Sustainability Bond Guidance in 2017.

Admission: This ICMA event is free of charge and open to all ICMA members and interested market participants. Registration in advance is essential.

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2019 Green Bond Principles and Social Bond Principles Annual General Meeting and Conference

Co-hosted by the Green and Sustainable Finance Cluster Germany

SAVE THE DATE


Date: 13 June 2019
Venue: Palmengarten Gesellschaftshaus, Frankfurt

The 2019 Green Bond Principles (GBP) and Social Bond Principles (SBP) Annual General Meeting and Conference will be co-hosted by the Green and Sustainable Finance Cluster Germany and ICMA. It will be part of a ‘green & sustainable week’ in Frankfurt and will be supported by a networking platform available for registrants in due course.
 
The Green Bond Principles and Social Bond Principles Annual General Meeting and Conference is the key annual global conference for all green, social and sustainability bond market participants and stakeholders, as well as the focus for a series of events involving also the broader sustainable finance community. The 2018 AGM & Conference held in Hong Kong was a landmark event and attracted over 900 registrants.
 
The Conference will be open to all professionals and officials interested in the future of this fast-growing market, including investors, issuers, intermediaries, external reviewers, policy makers and market supervisors, stock exchanges, index and data providers, law firms, and more. Attendance at the AGM itself is however restricted to members and observers of the GBP and SBP.
 
Registrations will open in March 2019.

View details


SUPPORTED EVENTS

FT Climate Finance Asia Summit 2018

Date: 21 November 2018
Venue: Four Seasons, 8 Finance Street, Central, Hong Kong

This one-day summit brings together leading Asia companies, investors and financiers to explore the developing trends and emerging opportunities in Asia’s low-carbon transition - from the rise of sustainable investment in Asia to challenges of translating Nationally Determined Commitments (NDCs ) into projects and the growth of green bonds as an important new source of finance for companies across the region.

Key discussions include:
  • China and the Global Climate Economy
  • Opportunities and Risk in Asia’s Energy Transition
  • A Revolution in Sustainable Transport - Asia in the Vanguard?
  • Case studies on Sustainable Cities and Resilient Infrastructure, and Resilient Buildings
  • Investing for the Future in Asia: Climate-Related Risk Disclosure, Harnessing Low-Carbon Opportunities
To view more information, please visit the event website: live.ft.com/ClimateFinanceAsia.

Admission:
ICMA members are entitled to a 20% off the tickets, using the discount code ICMA20.


PAST EVENTS

ICMA Webinar: Introduction to green and social bond markets, 6 November 2018

Green bonds aligned with the Green Bond Principles (GBP), have become a model for sound, scalable and widely supported practice in sustainable finance. These voluntary guidelines underpin the market by making recommendations for issuer practice on transparency, disclosure and accountability. This in turn helps investors to make informed decisions about the bonds' environmental features. A similar approach has been applied in the more recent Social Bond Principles, where the use of proceeds has social benefits, and Sustainability Bond Guidelines for bonds associated with funding of projects with environmental and social benefits.

The GBP is supported by a global community of close to 300 institutions and is used as a reference for best practice in developed and emerging markets

During the webinar, Peter Munro, Director, Market Practice and Regulatory Policy, ICMA provided an overview of how the Green, Social and Sustainability Bond frameworks function, and resources made available to market participants by the GBP Executive Committee with support from ICMA. This included highlights of market trends and resulting opportunities for financial market participants for originating and supporting transactions attracting capital to benefit environmental and social projects.

Among the topics covered were:
  • Global green bond market trends;
  • Green bond transparency, disclosure and external review recommendations;
  • Social & Sustainable Bonds;
  • Governance of GBP & SBP – the Principles and official sector supervisory initiatives;
  • Topical work streams of the GBP/SBP ExCom and its working groups
  • Resources and services available via the ICMA website
  • Opportunities & Challenges in domestic and international markets
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ICMA Women’s Network Event - Sustainability: the perspective of influential women in the rapidly growing ESG market, London, 1 November 2018
Hosted by HSBC

Green bonds, social bonds, sustainable bonds and other innovative financing solutions have in recent years been catapulted into the mainstream of debt capital markets funding. Reflective of the increasing importance of these asset classes, issuer and investor momentum is accelerating as connections are made between doing well and doing good, with the common imperative of long-term sustainable economic growth. ESG credentials and sustainability are now featured in many investment mandates, often linked to gender diversity. And it also just so happens that the sustainability space is well-populated with women. These are all very powerful metrics, which could be representative of a shift not only in mindset towards a more sustainable future, but also towards a more diverse workplace.  
 
This event assembled a number of senior influential women in the industry, those who provide thought leadership and are at the centre of this innovation. They not only explored the impact of these developments on the finance industry and the workplace as a whole, but also discussed their own career paths and highlighted the career progression opportunities that sustainability presents.

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ICMA Training Course: Introduction to Green Bonds, London, 1-2 October 2018

This two-day course from ICMA provided a thorough and practically oriented introduction to the essentials of green bonds. Developed and delivered by a combination of leading market practitioners and ICMA’s green bond experts, the material also benefited from input from members of the GBP Executive Committee, comprising the elected representatives of the most significant issuers, investors and underwriters in the green bond market.

The course introduced underlying market drivers, the evolving regulatory framework and the main features of the green bond product and market based on the GBP. These were brought to life by case studies from a wide range of leading market participants and service providers, representing the main types of actor in this market.

View event information



2018 Green and Social Bond Principles Annual General Meeting & Conference, Hong Kong, 14 June 2018

Co-organised by the International Capital Market Association (ICMA) and the Hong Kong Monetary Authority (HKMA)
Supported by the Hong Kong Financial Services Development Council (FSDC)


The 2018 Green and Social Bond Principles Annual General Meeting and Conference, co-organised by the International Capital Market Association (ICMA) and the Hong Kong Monetary Authority (HKMA) and supported by the Hong Kong Financial Services Development Council (FSDC) will be held in Hong Kong on 14 June 2018.

The GBP and SBP AGM and Conference has become one of the most high profile gatherings for leaders in the green bond market and increasingly for the flourishing social and sustainable bond markets and other asset classes in sustainable finance. The most recent conference attracted around 700 senior professionals from around the world, including investors, issuers, intermediaries; external reviewers including rating agencies; the official sector including policy makers and market supervisors; stock exchanges; law firms; and other professional services firms.

This was the first time that this event was held in Asia, signifying the growing influence of Asia in the development of green bonds in particular, and sustainable finance more widely, as well as recognising Hong Kong’s status and importance as an international financial centre.

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Introduction to Green Bonds Training Course, Hong Kong, 12 June 2018

Supported by BNP Paribas

Green bonds raise finance for projects with environmental benefits and the market has grown rapidly, with green bond issuance of around US$156bn, an increase of 78% vs. 2016. In Asia, issuance aligned with the Green Bond Principles is flourishing: China has already shown itself to be a leader in promoting this form of finance; in Hong Kong issuance has gained momentum and there have been important official initiatives on issuance and incentives; and, in Japan, issuance has scaled up following the launch of guidance from the Ministry of Environment.

The Green Bond Principles (GBP) supported by the International Capital Market Association are the leading globally accepted framework for issuance of green bonds. Since 2017, the related Social Bond Principles (SBP) and Sustainability Bond Guidelines (SBG) provide guidance for the issuance of social and sustainability bonds.

This course gave a thorough introduction to the essentials of green bonds, including:
  • essential definitions of what constitutes a green bond issue and a detailed review of how the Green Bond Principles work.
  • introduction to social and sustainable bonds
  • review of market participants
  • the preparation and execution of issuance – extensive case studies and involvement of guest speakers for hands-on guidance,
  • the central role of external reviews and reporting, from use of proceeds reports to impact reporting
  • opportunities and challenges for the market
This was the first iteration of the course in Asia, following the launch of a similar course in Europe this year.

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Developments in Green and Social Bonds and SRIs: a seminar for Chinese financial institutions active in the Grand Duchy, Luxembourg, 4 June 2018

Jointly organised by ICMA and the Luxembourg Stock Exchange

Socially responsible investing (SRI) is becoming increasingly important in the global capital markets. In particular, issuance in the green bond market surpassed USD 150 billion in 2017, representing yearly growth of 60%.

Both the International Capital Market Association (ICMA) and the Luxembourg Stock Exchange have been leaders in the development of this important new market.

ICMA helped to organise the launch of the Green Bond Principles in 2014, and the governance framework continues to evolve with the introduction of the Social Bond Principles and Sustainability Bond Guidelines in 2017. The Luxembourg Green Exchange was officially launched in 2016 and is a leading platform of sustainable finance in the global markets.

China is now a leader in the SRI market as well, and the Green and Social Bond Principles Annual General Meeting & Conference was held in June 2018 in Hong Kong.

To reflect these developments, ICMA’s Luxembourg Regional Committee and the Luxembourg Green Exchange organised a lunchtime seminar that allowed leaders from member banks of ICMA Luxembourg and Chinese banks active in the Grand Duchy of Luxembourg to learn about and discuss topics related to SRI as well as Green, Social, and Sustainablility Bonds.

This event was a valuable opportunity to further connect the Chinese financial institutions active in the Grand Duchy with green finance experts from the Luxembourg Stock Exchange and ICMA’s offices in Europe and Asia, and to better understand recent developments in international sustainable finance markets.

ICMA and the Luxembourg Stock Exchange delivered presentations on sustainable finance markets, followed by an interactive discussion on developments in international bond markets as well as a buffet lunch.

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ICMA Training Course: Introduction to Green Bonds, London, 15-16 May 2018

This two-day course from ICMA provided a thorough and practically oriented introduction to the essentials of green bonds. Developed and delivered by a combination of leading market practitioners and ICMA’s green bond experts, the material also benefited from input from members of the GBP Executive Committee, comprising the elected representatives of the most significant issuers, investors and underwriters in the green bond market.

The course introduced underlying market drivers, the evolving regulatory framework and the main features of the green bond product and market based on the GBP. These were brought to life by case studies from a wide range of leading market participants and service providers, representing the main types of actor in this market.

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ICMA Seminar: Social bonds - from niche to mainstream, London, 25 April 2018

Hosted by White & Case

The Social bond market has quadrupled in issuance volume since the launch of the Social Bond Principles in 2017. Annual issuance increased from $2.1bn in 2016 to $8.8bn in 2017. As more diverse issuers consider coming to the market, what can be done to encourage growth of the product?

This ICMA Seminar: ‘Social bonds - from niche to mainstream’, was organised in conjunction with City Week 2018, and brought together issuers, investors, underwriters and infrastructure providers to discuss this.

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ICMA Training Course: Introduction to Green Bonds, London, 5-6 March 2018

This two-day course from ICMA provided a thorough and practically oriented introduction to the essentials of green bonds. Developed and delivered by a combination of leading market practitioners and ICMA’s green bond experts, the material also benefited from input from members of the GBP Executive Committee, comprising the elected representatives of the most significant issuers, investors and underwriters in the green bond market.

The course introduced underlying market drivers, the evolving regulatory framework and the main features of the green bond product and market based on the GBP. These were brought to life by case studies from a wide range of leading market participants and service providers, representing the main types of actor in this market.

View event information