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Премия рунета 2017

THE FIRST GREEN BONDS IN RUSSIA WILL HELP TO SOLVE THE GARBAGE PROBLEM

21 december 2018
On December 19, for the first time in Russia, green bonds were issued on the Moscow Stock Exchange (green bonds are debt securities, the money from the placement of which is allocated to finance projects with a positive environmental impact). The issuance of these securities was initiated by a business specializing in waste recycling.

Back in 2016, WWF initiated the issuance of green bonds in Russia, involved experts in high-quality environmental impact assessment, which is necessary to confirm the fact that the project has a positive environmental impact, and also helped combine the economic and financial analysis with environmental impact assessment. As a result, the bonds have an ecological appeal in addition to economic attractiveness.

“To some extent, this is a routine but historic event,” comments Mikhail Babenko, director of the Green Economy program at WWF Russia. “For the first time, bonds that are issued on the Russian financial market have an independent verification confirming that the bonds  comply with the Green Bond Principles 2018.”

The fact that the whole world is moving in the green direction, and Russia does not have a green finance market yet, has been actively discussed by experts for two years. The question of who should take the initiative always raises a particularly hot debate. “It is obvious that for each country the strategy of developing green finance depends on the country’s economic context and interest in the topic,” says Mikhail Babenko. Today, it was initiated by a business in such a complex, but extremely relevant field, as waste management.”

Funds raised  will be used to finance a BOT project to establish an integrated inter-municipal landfill for the disposal, detoxification and management of municipal solid waste for the cities of Nefteyugansk, Pyt-Yakh and settlements of the Nefteyugansk district.

Today's issuance will show the level of interest for investors , and based on the results, we could draw conclusions on how to further build and develop the green finance system in general and the green bond system in particular.

“Attempting to combine financial and environmental impact assessment when issueing bonds on the Moscow Stock Exchange is an experience truly unique to Russian businesses,” emphasizes Mikhail Babenko, “and if in 2016 green finance was something exotic for Russia, now we have the first issue of green bonds. This is a breakthrough for the Russian market. We are confident that this is an important step in integrating environmental impacts from the implementation of projects into the investor paradigm.”

Photo in the preview and caption by: (c) Yevgeny Davkaev / WWF Russia.

For additional information please contact
The head of WWF International Arctic oil&gas programme