In 2021, green finance is expected to increase at a significant rate. Based on data from the Climate Bonds Initiative (CBI), 2021 green bond issuances might exceed that of last year, with US$219.7 billion issued for the first half of the year compared to the US$290.1 billion issued in 2020.
Bonds issued from the AsiaPacific made up more than a quarter of the first half’s figures, at US$51.9 billion, just a few million short of the US$53.2 billion issued for the entire year of 2020.
China issued approximately US$22 billion worth of green bonds in the first half, exceeding the combined issuances from South Korea (US$5.9 billion), Japan (US$5.5 billion), Singapore (US$5.2 billion and India (US$4.6 billion). Separate from Mainland China’s, a total of US$3.2 billion worth of green bonds was issued from Hong Kong SAR.
The launch of the RM1 billion sukuk programme by Agrobank, which is also a green and sustainable effort, has set forth a new standard in both Islamic finance and the instruments to raise funds by the local bank under the leadership of Covering President / Chief Executive Officer (CP/CEO), Khadijah Iskandar.
Funds raised through the Sukuk would go towards the working capital for its new or existing businesses and projects, that promote any of the Sustainable Development Goals (SDG), including those with regards to mitigating climate change, the CP/ CEO said in an exclusive interview with BusinessToday
“The sukuk is a hybrid sukuk which means we can issue the sukuk for shariah compliant purposes only or for purposes that are aligned with Sustainable Development Goals. RAM Sustainability Sdn Bhd (RAM Sustainability) has already rated us, and we met all the necessary requirements,” says Khadijah.
This story is from the October 2021 edition of Business Today Malaysia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2021 edition of Business Today Malaysia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Time Aortic Abdominal Aneurysm
The Aortic Abdominal Aneurysm happens when the wall of the blood vessels starts to weaken which forms an Aneurysm that is commonly known as balloon-like dilation.
The Lexus ES 250 Features A New F Sport Variant
The 2022 Lexus ES facelift has arrived in Malaysia- First unveiled at Auto Shanghai 2021 in April this year.
Heading: Try -180°C Therapeutic Treatment Called Cryotherapy To Improve Overall Health
Health has gained a significant attention in this pandemic and being at your best form is a good way to fight the current problems in every aspect of health from fitness, depression, pain management, sports injury, antiageing, weight loss and beauty.
Is It Too Late To Start Investing In Bitcoin?
The noise around Bitcoin has risen sharply in the last month after the world’s most popular cryptocurrency reached its all-time high on 9 November 2021. With all the talk of its price continuing to grow, it is easy to think that it might be too late to start investing in Bitcoin. However, it is not too late and, in fact, Bitcoin adopters are actually early. Bitcoin, and cryptocurrency in general, has received mainstream adoption and looks to be around for years to come.
Smart SBB To Boost Farmers Income
Director-General for the Ministry of Agriculture and Food Industry (MAFI), Azman Mahmood, in a special meet the media session, led the pre-launch briefing of Project Smart Sawah Berskala Besar (Smart SBB) a day before the official launch by his Minister.
Budget 2022 – Seizing The Right Moment
The recent data point suggests Malaysia will stand to benefit from the global recovery.
Power Of Role Model – How The Habits Of Parents And Kids Are Interrelated?
A new global survey, commissioned by Kaspersky, explores the role of healthy digital habits in the family, as well as the effect of parents’ behavior on children and vice versa
Better Late Than Never, But Act Now
The world should now be more aware of likely COVID-19 devastation unless urgently checked. Last week, the World Health Organization (WHO) announced an US$8 billion plan to quickly vaccinate many more people to expedite ending the pandemic.
Accelerates MSMEs Digitalisation Journey
97.2% of businesses in Malaysia are made up of Micro, Small and Medium Enterprises (MSMEs). This important business sector plays a significant role in the Malaysian economy by contributing 38.2% of Malaysia’s Gross Domestic Product (GDP). MSMEs also contributes significantly in providing job opportunities.
Leadership That Can Prevent Toxic Workplaces And High Turnover
“It is our organisation’s mission to create the largest and most productive coworking community in Malaysia & moving forward, South East Asia,”
