The Climate Bonds Initiative, an international, investor-focused not-for-profit, has awarded the European Investment Bank (EIB) for being the largest development bank green bond issuer over the last 10 years.
The 5th Annual Green Bond Pioneer Awards announced by the Climate Bonds Initiative features emerging market pioneers and leadership that have been active in the last decade.
The awards are the premier international recognition of best practice and innovation in green finance, encompassing green bonds, loans and significant market developments in climate and transition-based investment.
Aldo Romani, head of EIB sustainability funding said: “The EIB inaugurated the green bond market in 2007. We have since issued €34.6 billion of Climate Awareness Bonds & Sustainability Awareness Bonds (CABs and SABs) across 16 currencies, aligning documentation with the recently adopted European Union Taxonomy Regulation in 2018.
“CABs and SABs support the sustainability objectives of the European Union, reflecting to capital markets the alignment of EIB’s lending activities with the EU Taxonomy via gradual extension of eligibilities. We are delighted to receive this award.”