GREEN BONDS & THE FINANCIAL SECTOR: SUPPORTING SUSTAINABLE DEVELOPMENT GLOBALLY
From the GSC Team:
This month’s SOURCE focuses on Green Bonds and how the financial sector is contributing to the development of more sustainable practices in areas such as manufacturing, construction and energy production facilities. “Green” funding provides opportunities that are vetted by 3rd party experts who measure and assess components that include how new projects are being built, what materials are being used and where they are being sourced from, how the project impacts the environment from the beginning of construction throughout the project’s lifecycle, and what type of water management and energy efficiency measures have been designed. Financial risks for funding the development of these projects are potentially mitigated through the implementation of advanced technologies that reduce the carbon footprint, lower operating costs, improve processes and provide economic stability through the creation of new sustainable business practices. This approach to debt financing not only rewards innovation, but it provides access to capital that will expand the rate of success for environmentally conscious enterprise solutions on a global level.