Euronext Launches New Euronext Green Bonds Offering
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EURONEXT LAUNCHES NEW EURONEXT GREEN BONDS OFFERING
The Euronext Green Bonds offering is the first initiative of Euronext’s new three-year strategic plan ‘Let’s Grow Together 2022’.
Amsterdam, Brussels, Dublin, Lisbon, London, Oslo and Paris – 05 November 2019 – Euronext today announces the creation of a new Euronext Green Bonds offering across its six regulated markets. The initiative, which was launched today at Climate Finance Week in Dublin, is operated out of Euronext Dublin, the group centre of excellence for Debt, Funds and ETFs, and is designed to encourage and promote more sustainable investment in Europe. The Green Bonds offering goes live today with more than 50 participating issuers, and marks the first product launch of Euronext’s new three-year strategic plan, ‘Let’s Grow Together 2022’, illustrating Euronext’s commitment to accelerating the transition towards sustainable finance, by developing sustainable products and services for the financial community.
With more than 44,000 bonds, Euronext is the world’s number one venue for bond listing and has become a global leader in sustainable finance, with approximately €118bn worth of Green Bonds listed on Euronext markets, €40bn of which was raised in the last 12 months.
The new initiative builds on the recent Green Bonds leadership across the Euronext markets, in particular in Amsterdam, Brussels, Dublin, Lisbon, Oslo, and Paris, and is designed to encourage more sustainable investment by offering issuers a range of opportunities to list bonds to finance their environmental and sustainability projects. By promoting Green Bonds from all of Euronext’s markets in one dedicated area on the Euronext website, it will be easier for investors to discover and participate in sustainable investment opportunities.
In order to be eligible for inclusion, Green Bonds must be listed on a Euronext market, be aligned with recognizable industry standards such as ICMA Green Bond Principles or the Climate Bond Initiative Taxonomy, and be accompanied by an appropriate external review performed by an independent third party.
In response to the launch, Ireland’s Minister for Finance, Paschal Donohoe said “Sustainable Finance is already an important and growing sector in Ireland and it has the potential for further growth in both size and importance. Across Ireland there are already world leaders in sustainable finance in asset management, insurance, pension funds and professional service firms. Today’s announcement only adds to this emerging cluster of activity. I commend Euronext for their leadership in this important area. I look forward to seeing the growth of this segment in Dublin.”
Welcoming today’s announcement, Ireland’s Minister of State with special responsibility for Financial Services and Insurance, Michael D’Arcy said “We are delighted to work with Euronext and support the launch of their new Green Bonds initiative. Sustainable Finance is an important and rapidly growing sector in Ireland and Europe, and is a key priority in the ‘Ireland for Finance’ 2025 strategy which I jointly launched earlier this year. Leading financial entities such as Euronext can play a leading role in unlocking the capital required to transition to a low-carbon economy and keep global warming below 2 °C, meanwhile supporting issuers connect with a new base of investors.”
Euronext CEO, Stephane Boujnah said “As a leading market infrastructure, accelerating the global transition to a low-carbon economy is one key element of Euronext’s new strategic plan, ‘Let’s Grow Together 2022’. The climate crisis affects us all, and we all, as citizens and corporations alike have a responsibility to support sustainable investment decisions. Today’s initiative is designed to promote and support green bonds and make it easier for investors to finance projects that will fundamentally change our economy and environment.”
CONTACTS -
Pauline Bucaille (Europe/Paris) : +33 1 70 48 24 41; pbucaille@euronext.com
Robbert ter Hart (Amsterdam): +31 20 721 41 33; rhart@euronext.com
Pascal Brabant (Brussels): +32 2 620 15 50; pbrabant@euronext.com
Michael Russell (Dublin): +353 1 617 4221; mrussell@euronext.com
Sandra Machado (Lisbon): +351 210 600 614; smachado@euronext.com
Per Eikrem (Oslo): +47 22.34.17.40; per.eikrem@oslobors.no
About Euronext
Euronext is the leading pan-European exchange, covering Belgium, France, Ireland, The Netherlands, Norway, Portugal and the UK. With close to 1,500 listed issuers worth €4.3 trillion in market capitalisation as of end September 2019, Euronext has an unmatched blue chip franchise that includes 26 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs. The Norwegian stock exchange and its clearing & settlement subsidiary, together operating as Oslo Børs VPS, joined Euronext on 17 June 2019.
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Disclaimer
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