Awards

Welcome to the 8th Climate Bonds Awards!

Since 2016 Climate Bonds Initiative have awarded over 211 organisations, financial institutions and governments that have demonstrated leadership through financing of climate-resilient and low carbon projects across a wide range of industries and economic sectors.

The 8th Climate Bonds Awards recognised organisations from emerging markets, financial institutions and governments worldwide who have led the development of the market over the course of the year 2022.

“The innovation of green finance presents so many crucial opportunities to reverse the relationship between capital outlay and climate disarray. In a crucial decade for action, our planet needs pioneers who will drive climate solutions forward. I congratulate our award winners on playing their part in market that’s out to make change.”

- Sean Kidney, CEO, Climate Bonds Initiative

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Winners Spotlight

Largest Financial Corporate Sustainability Bond of 2022

Awarded to Bank of America

"The issuance of our third Equality Progress Sustainability Bond demonstrates how the financial community can find ways to create meaningful impact on the environment, the lives of individuals and further socioeconomic empowerment for underserved populations. We hope this will pave the way for future sustainability investments.”

- Paul Donofrio, Vice Chair

Largest Verifier for Certified Climate Bonds of 2022

Awarded to Morningstar Sustainalytics

"Morningstar Sustainalytics is humbled to receive this recognition for a sixth consecutive year. We constantly invest and innovate to support the capital markets community in making better-informed decisions toward a more sustainable global economy. Our team takes great pride in upholding the Climate Bonds Standard, ensuring certified projects meaningfully contribute to addressing climate change."

- Barbara Lambotte, Vice President, Corporate Solutions

Largest Financial Corporate Sustainability Bond of 2022

Awarded to KB Capital Co

"KB Capital Co, a wholly-owned subsidiary of KB Financial Group (“KBFG”) which is one of Korean largest financial holding companies, is one of the leading credit specialized finance (“CSF”) companies in Korea."

- Soo-nam Hwang, CEO

Largest Sustainability Bond of 2022

Awarded to International Bank for Reconstruction and Development - World Bank

“We are pleased to learn that our 5-year US dollar Sustainable Development Bond was recognized as the Largest Sustainability Bond in 2022. Our bonds support the financing of the World Bank’s sustainable development activities in our member countries.”

- Andrea Dore, Head of Funding

Largest Issuer of Sustainability Bonds of 2022

Awarded to International Bank for Reconstruction and Development - World Bank

“We are thankful for our investors, who through their partnership are helping us support a sustainable response to global challenges our member countries are facing.”

- Heike Reichelt, Head of Investor Relations and Sustainable Finance

Largest Green Asset-Backed Security Issuer of 2022

Awarded to Ginnie Mae

“I am honored to receive the ‘Largest Green Asset-Backed Security Issuer award.’ This recognition confirms that our multifamily green program is another example of Ginnie Mae’s success in harnessing the power of the capital markets to drive lasting change"

- Alanna McCargo, President

Largest Social Bond of 2022

“The EU’s flagship SURE and NextGenerationEU programmes – with its strong eco-social design - are a clear demonstration of the EU’s strong commitment to sustainable financing. They have also been instrumental for the evolution of the EU into one of the world’s largest issuers in euro. We are glad that for yet another year our commitment to sustainability is being recognised by the Climate Bonds Initiative, and we will continue to work for a greener and more socially fair Europe, including trough sustainable funding.”

- Johannes Hahn, European Commissioner for Budget and Administration

Largest Green Bond of 2022

Awarded to European Union

- Johannes Hahn, European Commissioner for Budget and Administration

Largest Development Bank Green Bond of 2022

Awarded to European Investment Bank

“EIB is the largest multilateral development bank issuer of green bonds with dedicated use of proceeds. It is also spearheading EU legislation on sustainable finance. Progress in this area is becoming increasingly important for stakeholders and generated exceptional investor demand for our first CABs in EARN-format.”

- Bertrand de Mazières, Director General of Finance

Largest Sustainability Bond of 2022

Awarded to The European Investment Bank

“For green and social objectives where no EU Taxonomy is available, the coherent application of the logic and structure of the EU Taxonomy, supported by reasonable assurance (ISAE 3000), has enhanced international investor interest, who granted exceptional support to our first SAB in fully fledged USD benchmark size”.

- Bertrand de Mazières, Director General of Finance

Dominican Republic Green Bond Pioneer

Awarded to Empresa Generadora de Electricidad Haina

"We are honored to receive the 'Dominican Republic Green Bond Pioneer' award from the Climate Bonds Initiative. At EGE Haina, we are committed to the transition to a sustainable energy model, and this recognition is a testament to our efforts to keep expanding our renewable energy portfolio in the Dominican Republic. The proceeds from our green bonds will help our expansion initiative to add an additional 1,000 MW of renewable energy capacity by 2030, and we are proud to be contributing to the fight against climate change."

- José A. Rodríguez, CEO

Largest Certified Sovereign Climate Bond

Awarded to Dutch State Treasury Agency

"The Dutch State Treasury Agency is honoured to receive the award for “Largest Certified Climate Bond 2022”. The efforts of the Climate Bonds Initiative have been very useful in developing the green bond market and inspiring issuers, amongst which the DSTA, to meet high standards with the issuance of their green bonds.”

- Saskia van Dun, Agent Director

Largest Financial Corporate Social Bond of 2022

Awarded to Citigroup

“We are proud of this recognition as it reflects Citi’s mission to enable progress, as well as our longstanding commitment to support equitable communities through affordable housing finance.”

- Michael Verdeschi, Treasurer

Largest External Review Provider in Number of Deals of 2022

Awarded to CICERO Shades of Green, now a part of S&P Global

“CICERO Shades of Green, now a part of S&P Global is honoured to receive this award for Largest External Review Provider by Number of Deals in 2022. Our independent second party opinions provide transparency that supports financing for the climate transition.”

- Christa Clapp, Director, Sustainable Finance

Largest Certified Climate Bond in 2022

Awarded to China Development Bank

"We are honored to receive the award from CBI. China Development Bank has faithfully implemented the philosophy of “harmony between humanity and nature” and increased financial support to green industry. We are looking forward to continuously enriching the system of green financial products and making positive contributions to promoting green and low-carbon development".

- Jian Zang, Director General For Treasury and Financial Markets

Largest Financial Corporate Sustainability Bond of 2022

Awarded to Wells Fargo

"Wells Fargo is honored to be recognized as a leader in sustainable finance. Sustainability presents an opportunity to grow our business and make a difference where we live and work. Financial institutions like Wells Fargo can play a critical role in helping address environmental and social issues by supporting our clients during the transition to a low-carbon future."

- Robyn Luhning, Chief Sustainability Officer

Sovereign Green Bond Pioneer

Awarded to The Republic of Singapore

“This award is an affirmation of Singapore’s efforts to catalyse the sustainable finance market for climate action. As one Government, the public sector is committed to issuing high-quality green bonds, up to SGD35 bn by 2030. We look forward to working with like-minded partners to advance sustainable financing globally.”

- Kwa Chin Lum, Director, Fiscal Policy Directorate, Ministry of Finance

Largest Green Sovereign Bond of 2022

Awarded to The Republic of Italy

"We are honored to receive the award again this year, which testifies to Italy's ability to support, through debt management, innovation in the sustainable finance market and, at the same time, investments connected to the ecological transition, including the energy efficiency. The BTP Green has now permanently entered our offer, both through syndicated placements and through normal auctions, and for 2023 the goal is to increase the amount of placements made in 2022."

- Davide Iacovoni, Director General of Public Debt

Largest Green Sukuk in 2022

Awarded to The Republic of Indonesia

“Indonesia has proven a strong commitment at the global level to climate change issues and seeks to integrate climate resilience considerations into various fiscal policies and public financial management processes.”

- Sri Mulyani Indrawati, Minister of Finance, Republic of Indonesia

Largest Sustainability-Linked Sovereign Bond of 2022

Awarded to The Republic of Chile

“Chile is committed to addressing climate change challenges, and its Sustainability-Linked Bond is an integral part of this strategy, proving that finances and climate commitment work closely together. We are proud of being the first SLB sovereign issuer, which set a milestone that is now backed with this award.”

- Mario Marcel, Minister of Finance

Sovereign Green Bond Pioneer

Awarded to The Republic of Austria

"The Republic of Austria has successfully implemented a green pillar in its funding strategy and has shown its pioneer role by issuing Green short-term instruments as the first sovereign worldwide. It is a great honour for us to be awarded as Sovereign Green Bond Pioneer in the CBI Awards 2023."

- Markus Stix, Managing Director Markets

Sovereign Green Bond Pioneer

Awarded to The Kingdom of Denmark

“We are honoured to receive the Sovereign Green Bond Pioneer award for the work with our green bond programme. Transparency has been a key focus for us in the development of our green bond programme, as we believe that it is crucial for growing sustainable investments.”

- Kristine Rasmussen, Head of Monetary Policy Implementation and Government Debt

Sovereign Green Bond Pioneer

Awarded to The Government of Switzerland

“Sustainability will continue to gain importance in the financial sector. Green Confederation Bonds are intended to promote the competitiveness of the Swiss financial centre, strengthen the application of international standards in Switzerland and encourage the issuance of green bonds by private players. We are pleased that these efforts are finding resonance!”

- Daniel Wittwer, Co-Head of the Federal Treasury

Sovereign Green Bond Pioneer

Awarded to The Government of New Zealand

“Te Tai Ōhanga – The Treasury is proud to receive this award for the inaugural New Zealand Sovereign Green Bond. I’d like to thank all involved, both our people and our partners – this Climate Bond Award is a testament to your excellent work to deliver on our climate and environmental goals.”

- Caralee McLiesh, Treasury Secretary

Largest Sovereign Social and Sustainability Bond in 2022

Awarded to The Government of Mexico

“Our objective is to continue issuing in sustainable markets. We want to mobilize resources to fight climate change and reduce poverty. The issuance of sovereign sustainable financial instruments reflects Mexico’s pledge to sustainability, the environment, and the well-being of our people.”

- Gabriel Yorio González, Deputy Minister of Finance

Largest Green Sovereign Bond of 2022

Awarded to The Federal Republic of Germany

“We are very pleased to receive this year’s CBI award for the Largest Green Sovereign Bond. It honours exactly the path we have been following with our green bond programme: While carefully but steadily building up a green yield curve, we are also aiming to make our existing bonds larger in order to support market liquidity.”

- Dr Tammo Diemer, Member of the Executive Board

Largest Non-Financial Corporate Green Bond in 2022

Awarded to Societe du Grand Paris

"We are delighted to receive this award for the Largest Non-Financial Corporate Green Bond of 2022. It demonstrates the SGP’s commitment toward green financing. The project aims to foster energy efficiency and develop the circular economy in waste management among other environmentally responsible objectives."

- Xavier Plee, Finance Director

Sovereign Social & Sustainability Bond Pioneer

Awarded to Principality of Andorra

“We have to make sure that nobody in our society is left behind by prioritizing qualitative investments to foster the two-sided green and digital transitions that help to build a more resilient and sustainable future for next generations. The Principality of Andorra also aims at supporting the enhancement of this developing market and to promote investor’s confidence in sustainable financing both at home and globally."

- César Marquina Pérez de la Cruz, Minister of Finance

Largest US Green Municipal Issuer of 2022

Awarded to New York Metropolitan Transportation Authority

"Mass transit plays a crucial role in the fight against Climate Change. In our region, the MTA, the nation’s largest mass transit operation, prevents 17 MMTs greenhouse gas emissions annually. It’s a mission everyone at the MTA embraces, we appreciate recognition of the positive impact of Green Bonds we’ve issued."

- Janno Lieber, Chair and CEO

Largest Issuer of Social Bonds of 2022

Awarded to Caisse d'Amortissement de la Dette Sociale

"The social purpose of CADES was emphasized with this new award, demonstrating once again the central role of CADES within the French social security system.This recognition illustrates our commitment to high standards and transparency, in line with the evolution of best practice in sustainable finance."

- Jean Louis Rey, Chairman of Board of Director

Largest Financial Corporate Green Bond of 2022

Awarded to The Bank of China

"Thanks to CBI for the recoginition of Bank of China's commitment to green finance. Green finance is one of our key strategies to implement financial supply-side structural reform. In the future, Bank of China will continue to leverage the advantages of globalisation, attract the attention of domestic and foreign investors to green bonds, drive finance to support green development, and endeavor to foster a new relationship where man and nature can both prosper and live in harmony"