Today, a total of 24 Green and Social bonds issued by IFC, with a combined value of close to USD 6 billion, are listed on LuxSE and displayed on LGX. Out of this amount, USD 1.4 billion worth of Green and Social bonds were issued this year.
“Ten years into IFC’s Green Bond Program, we continue to pursue increased allocation of capital to projects that ameliorate climate change issues,” said IFC VP & Treasurer John Gandolfo. “Along with partners like the Luxembourg Stock Exchange, we promote heightened transparency in the green bond market. IFC’s long-standing partnership with Luxembourg Stock Exchange is based on the shared value of information access to investors and the wider market, a concept that is even more critical to the green bond market.”
IFC estimates that more than USD 20 trillion of green investment will be needed over the next decade in Emerging Markets alone to combat climate change and its consequences. Mobilising capital and facilitating sustainable investment will be crucial to achieving the objectives set out by the United Nations Sustainable Development Goals and the Paris Climate Agreement.