PRESS RELEASE
LONDON 19/04/17 09:00 BST: International ratings & research agency Moody’s Investors Service (Moody’s) has announced today they will be joining the Climate Bonds Initiative Partner Program effective immediately.
Partners assist in developing initiatives to grow investment in climate finance solutions, green finance markets, and participate in different market development and information activities.
Henry Shilling, Senior Vice President with Moody’s Investors Service:
“Our partnership with Climate Bonds Initiative allows us to boost their efforts to advance the development of international definitions and standards for green bonds, conduct research and educate issuers, investors, and other market practitioners.”
“Green bond issuance will likely set another record this year, yet this momentum could be accelerated with the benefit of improved and consistently applied environmental disclosures and reporting.”
Sean Kidney, CEO Climate Bonds Initiative:
“Moody’s has been looking at environmental risks, including climate change risks, for some years now. For example, they’ve published a cross sector analysis of environmental risks for 86 sectors with almost $68 trillion of rated debt. This is vital work for investors.”
“This partnership is a substantial opportunity to deepen our relationship and to work together to support the fixed income market in grappling with the challenges we face in addressing climate risks.”
“We both believe that 2017 is going to be a huge year for the global green bonds market; we believe it will be the year green sovereign bonds take centre stage.”
Climate Bonds Contact: Andrew Whiley, Head of Communications & Media on +44 (0)7506 270 943 or andrew.whiley@climatebonds.net
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