Developments in Sustainable finance

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As a sustainability reporting consultant, we keep track of latest developments in the sustainability field. In this blog we walk you through green bonds and mortgages that are now being developed by banks across the global. Financial institutions and banks across the world haves made a global commitment to support green and sustainable projects. Billions if USD have been committed towards financing sustainable projects by 2030. Such finance would be utilised towards funding projects related to cleaner energy, low carbon technologies, and other projects that mitigate GHG emissions. These projects when funded would move the world towards delivery of the Paris Agreement and also to the UN’s Sustainable Development Goals 2030. Being a sustainability reporting consultant we have helped several organisation report on sustainable finance as well as UN SDGs.
 As part of this commitment, banks and financial institutions have indicated that they will consistently strive for development of sustainable capital markets, support corporate and institutional clients in managing risks, and promote sustainable investment products for retail as well as private banking clients as far as feasible. Sustainability consultant are in great demand as a result of opportunities with the financial sector.
In implementing this commitment, the financial institutions are now considering the development of several new banking products including green bonds and green mortgages. The green bond also known as climate bond are mostly asset linked and are supported by the balance sheet of the issuing organisation. These bonds are specifically to be used for developing projects contributing positively towards the low carbon and environmental protection. As a sustainability reporting consultant we always suggest our clients to report publicly on the projects undertaken for environmental benefit.


Green mortgage products are designed to have preferential rates and terms that are based on the sustainable credentials of the property on how energy or water efficient is it for example. Also in order to have rational green mortgage rating system, banks are looking for sustainability consultancy who can provide them with recommendations on the proposed preferential rates and terms for buildings certified with recognised under different rating system at different levels.
Sustainability consultancy considers the various green building standards, rating schemes, available certifications for energy, water and resource efficiency as part of their assessment, and create a comparable framework which then bank links with preferred mortgage rates to the certification level across different standards.
Now a days banking and financial institutions are also coming up with mortgage rates that vary with the sustainability rating of the buildings such as LEED silver, gold or platinum etc. As sustainability consultant we welcome these steps being taken by financial institutions for a better tomorrow. GE3S is a well known Sustainability consultant in the Midddle east and asia region. If you are looking for a sustainability consultancy please reach out to us at vishal.kumar@ge3s.org.



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