Asian Development Bank (ADB) Issues First Biodiversity and Nature Bond Worth USD 100 Million.
Banking & Finance
The Asian Development Bank (ADB) has issued its first biodiversity and nature-focused bond worth USD 100 million to fund essential conservation projects across Asia and the Pacific.
- The bond was unveiled at the 16th Conference of the Parties for the Convention on Biological Diversity (COP 16) in Cali, Republic of Colombia.
- The 10-year bond was issued under ADB's Theme Bonds for Sustainable Development program in collaboration with its Environment group.
- ADB's theme bonds for sustainable development attract private capital to support the United Nations (UN) Sustainable Development Goals (SDGs) and the Kunming-Montreal Global Biodiversity Framework (GBF), providing investors with a secure option backed by ADB's AAA credit rating.
Main Points:- (i) In 2021, ADB, along with nine other multilateral development banks, issued the Joint Statement on Nature, People, and Planet at the Glasgow Climate Community of Practice (CoP), reaffirming their commitment to environmental sustainability.
(ii) In 2023, ADB launched the Nature Solutions Finance Hub and the Natural Capital Fund with the Global Environment Facility (GEF), supporting innovative conservation efforts.
(iii) ADB is preparing to launch its Environment Action Plan 2024-2030: Towards a Nature Positive Asia and the Pacific.
About ADB
President : Masatsugu Asakawa
Headquarters : Manila, The Philippines
____________________________
