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2nd Annual Green Bonds Event

2nd Annual Green Bonds Event

Thursday, May 3 | 5:30 – 8:00 PM Followed by a Catered Networking Reception

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Sustainable Investing Group

REGISTRATION & FEES

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Members: $30 Nonmembers: $70

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LIVESTREAM

FREE | Members Only

Livestream Registration
Sustainable Investing Group

5:30 – 6:00 | REGISTRATION


6:00 – 6:15 | INTRODUCTION AND INTRODUCTORY REMARKS


6:15 – 7:10 | PANEL

GREEN / SUSTAINABLE BOND PRACTICES AND ISSUES IN THE US

Moderator

Heike Reichelt, Head of Investor Relations and New Products, World Bank Treasury

Panelists

Amy Hauter, Associate Portfolio Manager & ESG Research Analyst—Fixed Income, Brown Advisory; Co-Manager, Brown Advisory’s Sustainable Bond Fund

Guy Van Syckle, CFA, Manager, Hannon Armstrong

Hervé P. Duteil, Managing Director, Chief Sustainability Officer – Americas, BNP Paribas

Sarah Wilson, Director, Responsible Investing, Nuveen, a TIAA company

Shellka Arora-Cox, Senior Associate, Norton Rose Fulbright


7:10 – 7:30 | Q&A


7:30 – 8:00 | NETWORKING RECEPTION

Speakers
Since the introduction of the Green Bond Principles by the ICMA in January 2014, negotiation at the end of 2015, and subsequent adoption of the Paris Climate Agreement by 196 signatories, issuance of labelled green bonds has increased substantially. Cumulatively, about $350 billion in green bonds have been issued since the first was launched in 2007. Last year $155.4 billion in green bonds came to market, an increase of 66% versus 2016 and a four-fold increase since 2014. Issuers from across the globe include supranational institutions, corporations, banks and other financial entities, and sovereign and sub-sovereign issuers, including municipalities.

One theory to explain the limited issuance by corporations in the US was recently cited in an article that appeared in the Financial Times (2/20/2018). This article noted that corporations “seeking to raise green-labelled finance are avoiding the US market over fears that supposedly environmentally-friendly debt will not meet the country’s strict legal standards, which aim to protect investors from mis-selling.” Given the nature of disclosures in offering documents this seems doubtful, but worth exploring any challenges and risks in this sphere.

Another challenging issue is related to the valuation of green bonds, both at the time of issue and in secondary market trading.

Learning Outcomes

  • Understand recent trends and developments affecting the green bond market
  • Recognize the benefits and risks of green bonds
  • Discover pricing and valuation drivers and trends
  • Develop familiarity with reporting and disclosure practices

Event Partner

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