InvestorDaily

AsianInvestor

Asian Infrastructure Investment Bank (AIIB) intends to hire 50 investment experts this year as part of its efforts to commit 50% of its approved financing to renewable projects by 2025, with a particular focus on the support of private sector investors. These efforts will span directly supporting projects with making equity co-investments and issuing bonds related to environmental, social and governance projects, according to its head of investments. Jin Liqun, president of the multilateral bank, told an online event in January that AIIB wants efforts to address climate change comprise at least half of its financing approvals by 2025.

To achieve those targets, the young multilateral development bank will need many more personnel to implement strict selection criteria, said D. J. Pandian, vice president and chief investment officer at AIIB. “That means projects worth $8 billion to $9 billion per year are likely to be approved by that time,” he told AsianInvestor in an interview. “To strengthen the investment team, we are planning to hire 50 more talents globally this year, particularly in the private investment sector. The private investment goal is because we need to mobilise more fund from non-government sides.”

The rest of this article can be found at asianinvestor.net.

InvestorDaily

InvestorDaily

Investment Magazine

Expanded ‘green’ criteria is set to unleash a wave of new green and ‘transition’ bonds from across Australian industry as companies and superannuation funds leverage markets to help fund their 2050 Net Zero targets. Waste and residential property sectors are set to join banks, property developers, renewable energy players and state governments in issuing ‘green’ debt ring-fenced for decarbonising projects, while big polluters are looking closely at using ‘transition’ bonds to assist their decarbonising process. Michael Chen, head of sustainable finance at Westpac Institutional Bank, said the Climate Bonds Initiative’s recent definition expansion means investors will soon have access to green debt beyond that of the existing oversubscribed ‘low-hanging fruit’.

“Now that we’ve got good, specific, globally accepted definition of what green looks like in the waste sector, I expect we’ll see some issuance there,” said Chen, adding residential property is not far behind. Chen also said big energy companies, as well as steel, aluminium, manufacturing and chemical companies are looking at the ‘transition’ format closely. “Now they’ve got transition guidelines and definitions for what a ‘transition bond’ might look like we’ll likely see some more issuance from those emissions intensive companies.”

The rest of this article can be found at investmentmagazine.com.au.

InvestorDaily