FinTech Magazine’s Post

Deutsche Bank has announced the issuance of its inaugural €500m (US$541.3m) social bond – a significant step on its path to sustainable finance. Its statement reads: “With the issuance of green and now social financing instruments, we aim to contribute to the further advancement of the sustainable finance market and raise funds that match those we lend to our clients to achieve their goals in transforming their business in a climate-friendly and socially sustainable manner.” More below #Finance #Banking #Sustainability

Remember all those multi-hundred billion and trillion sustainable finance pledges the big banks have made? What's actually happening to all the money? Shareholders are beginning to ask questions. Banks provide some basic disclosure, but green finance experts are suspicious because most of them don't have detailed, sector-by-sector targets linked to the actual needs of the economy to transition. Are these big targets at all correlated to need and any coherent vision of the transition? Twenty-odd shareholders asked HSBC's chairman Mark Tucker about it at the bank's AGM today, in an action coordinated by ShareAction. The NGO's research has been leading enquiry into this issue and investors including Candriam, Royal London Asset Management Folksam and AkademikerPension are concerned. Will banks open up more about where there sustainable finance is going, and where they plan to direct it? Non-subscribers to GlobalCapital can register to read. #esg #sri #responsibleinvestment #responsiblebanking #climatefinance #sustainablefinance #sdgs #greenbonds

Deutsche Bank launches a $500 million social bond to boost sustainable finance #Deutsche Bank has taken a significant step forward in its commitment to sustainable finance with the launch of its first €500 million social bond. This landmark issuance will support the bank’s sustainable asset pool, targeting vital areas such as affordable housing and essential services for elderly and vulnerable populations. The initiative aligns with Deutsche Bank’s Sustainable Instruments Framework, which guides the development of green and social financial instruments. The funds raised from this social bond will be directed towards loans and investments that promote a clean, energy-efficient global economy and societal progress. Specifically, the financing will aid in providing affordable housing for disadvantaged communities and improving access to specialized senior housing care. This move marks a notable expansion of Deutsche Bank’s ESG issuance program, which began in 2020 with its first green bond. By introducing both green and social financing instruments, Deutsche Bank aims to contribute significantly to the sustainable finance market, helping clients transform their businesses in a climate-friendly and socially sustainable manner. Deutsche Bank’s foray into social bonds underscores its dedication to fostering environmental and social governance (ESG) principles, reflecting a broader trend in the financial sector towards supporting sustainable development goals. This issuance not only broadens the bank’s ESG portfolio but also sets a precedent for future sustainable finance initiatives. The article on FinTech Global in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

My employer, Deutsche Bank, launched its Sustainable Finance Framework today! Key updates made to the Framework include enhanced eligibility criteria, the incorporation of evolving market practice with guidance from market associations such as ICMA, and heightened transparency with the Framework including a commitment to publish progress on sustainable financing and investments volume within the Bank's quarterly and annual financial results, and as part of its annual non-financial report. These updates are critical as we continue to grow our sustainable financing and portfolio of ESG investments, and as we strive towards our target of €500 billion of sustainable financing and investment volumes by 2025. #sustainablefinance #esginvesting

Key messages of my interview with FinanceAsia about sustainable finance trends and developments: ✔ A green or sustainability bond is first and foremost..... a bond! And that means the pricing needs to be commensurate with the risk taken. So macro conditions will inevitably affect GSSS issuance volumes ✔ But I'm very certain the proportion of GSSS instruments in all financing instruments will continue to increase ✔ Greenhushing is a worrying trend in the market. ✔ And lastly, don't let perfection get in the way of good. Get started on a climate strategy first. Adjust along the way. Don't wait for the time. Act now. https://lnkd.in/gyd6tPRk #sustainablefinance, #sustainability, #greenfinance, #greenhushing

Financial institutions are working to promote ESG principles, green finance, and sustainable practices, opening the door to a better future. Check out my latest blog on "Transforming Finance: How banks are revolutionizing the industry with sustainable practices" Visit: https://lnkd.in/gNfaZUsX #sustainablebanking #greenfinance #financialinclusion #privateinvestment #fintech #esggoals #blogging #linkedin #share

Sustainable finance has gained momentum in recent years, emerging as a key catalyst to transitioning to a clean-energy economy. Learn more about the reasons why from Forbright Bank below:

Recently we have observed a growing interest in sustainable finance and its role in the green transition. Most investors are already familiar with green bonds. They may be less familiar with green Asset-Backed Securities, financial instruments either backed by or used to finance green loans. Starting from the recent Toyota green securitization in Italy, we question their current and future ability to both help finance sustainable investments and attract investors. Read more on this article written by Francesca Dini, Mate Mangoff, Georgia-Alesia Mirică, and Maxime Vallot #esg #esginvesting #sustainablefinance #greenfinance

“The future of finances lies in taking into account both the environment and society. Companies that adopt ESG standards early on are establishing the groundwork for sustainable prosperity. As a dependable partner, we at Erste Bank Montenegro aim to assist clients in addressing these two areas, while helping them leverage the possibilities at hand“, says Aleksa Lukić, President of the Management Board in Erste banka Crna Gora.  Erste banka Crna Gora, a member of the Erste Group, places great importance on Environmental, Social, and Governance (ESG) standards. Recently, the bank has begun working on creating its sustainable finance framework, underscoring its commitment to ecological and social responsibility. The initiation of a sustainable finance framework, although being far from the first of the bank’s ESG efforts, marks a pivotal and concrete step towards its ultimate goal, particularly focusing on strengthening Environmental, Social, and Governance (ESG) management. This strategic project positions the bank at the forefront of sustainable banking practices, emphasising sustainability as its core mission. Proudly standing as the silver partner of the second ESG Adria Summit, Erste Bank Montenegro further solidifies its dedication to sustainability in the region. Read more >> https://lnkd.in/dXNwa5Ga