ICBC brings multi-currency carbon neutrality themed green bond to LGX

en

In a hybrid Ring the Bell ceremony attended by Luxembourg Minister of Finance Pierre Gramegna, the Luxembourg Stock Exchange (LuxSE) and the Industrial and Commercial Bank of China (ICBC) today celebrated the listing of the bank’s recent multi-currency carbon neutrality themed green bond on LuxSE. The bond is also displayed on the world’s leading platform for sustainable finance, the Luxembourg Green Exchange (LGX)

<< Back
02/12/2021 |
  • 20211202 RTB ICBC LuxSE Minister Gramegna

Minister of Finance Pierre Gramegna commented: “Today’s listing of ICBC’s climate neutrality bond on the Luxembourg Stock Exchange and inclusion on the Luxembourg Green Exchange once again underlines Luxembourg’s leading role as an international hub for financing the transition towards a carbon neutral future. It‘s particularly encouraging to see that the bond applies both the EU green bond as well as the Chinese green bond standards. The climate transition is a global challenge that requires global cooperation.“

Multiple certifications

The 5-tranche green bond is denominated in EUR, GBP, USD and MOC and has a total issuance amount equivalent to EUR 3 billion. The green bond was certified by the Climate Bonds Initiative, the Hong Kong Quality Assurance Agency and Beijing Zhongcai Green Financing Consultant.

“It is a privilege for our exchange to mark the listing of this landmark multi-currency, carbon neutrality themed green bond from ICBC. Reaching carbon neutrality must be a key priority for all nations of the world, and we are proud to support ICBC in its efforts to unlocking financing to contribute to China’s climate commitments,” said Julie Becker, CEO of LuxSE.

Supporting China’s net zero goal

ICBC is one of the largest listed banks in the world in terms of market capitalisation, and a pillar of the Chinese financial community. Through this multi-tranche green bond, the bank contributes to China’s goal of reaching carbon neutrality by 2060. The proceeds of the bond will finance projects in areas such as renewable energy, clean transportation, energy efficiency and sustainable water and wastewater management in China. 

“ICBC highly appreciates the efforts made by Luxembourg Stock Exchange to promote green development and support the green finance cooperation between China and

Luxembourg. ICBC is willing to take advantage of its accumulated strength in the field of green finance and its institutions in Europe, to build financial bridges through bilateral and multilateral platforms and mechanisms, to inject more new momentum into China-Luxembourg and China-EU green finance cooperation, and contribute to global sustainable development,” commented Zhang Weiwu, Senior Executive Vice President at ICBC and based in ICBC’s global head office in Beijing. 

In August, ICBC released its updated Green Bond Framework which was certified as credible and impactful, and aligned with ICMA’s Green Bond Principles by second-party opinion provider Sustainalytics. The new framework was also reviewed by Beijing Zhongcai Green Financing Consultant, which confirmed the framework’s alignment with the 2021 edition of the Green Bond Endorsed Projects Catalogue, issued by People’s Bank of China, the National Development and Reform Commission and the China Securities Regulatory Commission. 

Joining forces for green finance

LuxSE and ICBC have cooperated closely since 2014, when the two institutions signed a Memorandum of Understanding. In 2017, ICBC brought its inaugural Belt and Road green bond to the exchange and two years later, the bank became the first Chinese bank to be admitted as a trading member at LuxSE.

Back to top  | << Back

Communiqués liés

20211202 RTB ICBC LuxSE Minister Gramegna
02/12/2021

ICBC brings multi-currency carbon neutrality themed green bo...

In a hybrid Ring the Bell ceremony attended by Luxembourg Minister of Finance Pi...

Bourse de Luxembourg
21.11.08 RTB FMDQ Signing Ceremony web
08/11/2021

LuxSE and Nigeria’s FMDQ Securities Exchange sign Listing ...

In a virtual signing ceremony, held jointly in Luxembourg and Lagos, Nigeria, t...

Bourse de Luxembourg
Julie Becker LuxSE
04/11/2021

LuxSE joins GFANZ through Net Zero Financial Service Provide...

At the COP26 in Glasgow, the Luxembourg Stock Exchange (LuxSE) this week announc...

Bourse de Luxembourg
20211019 RTB first EU green bond
19/10/2021

EU brings historic EUR 12 bn green bond to LuxSE

In the presence of EU Commissioner in charge of Budget and Administration Johann...

Bourse de Luxembourg
RTB LuxSE CSSF Financial Literacy
05/10/2021

LuxSE and CSSF put spotlight on financial literacy

The Luxembourg Stock Exchange (LuxSE) and the Commission de Surveillance du Sect...

Bourse de Luxembourg
LGX 5Y Hamon-Gramegna-Becker
30/09/2021

LGX celebrates five years of growth and impact

This month marks the fifth anniversary of the Luxembourg Green Exchange (LGX), w...

Bourse de Luxembourg

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more