The WWF is run at a local level by the following offices...
- WWF Global
- Central African Republic
- Central America
- Democratic Republic of the Congo
- European Policy Office
Environmental bonds help drive investment in companies and projects that deliver environmental benefits, and offer investors financial returns
Robust global market standards for ‘green debt capital markets’
Standards have moved from relatively lax process guidelines with a primary focus on climate to more prescriptive taxonomy-based standards with robust definitions, including specific criteria for biodiversity and ecosystems protection, including ‘do-no-significant harm criteria’ designed by WWF. See our Green Bonds Impact Story 1 for more detail.
New standards will shape how companies report environmental information
But there is still much to be done. The EU Taxonomy, for example, includes controversial activities such as gas and nuclear, and has weak criteria for certain sectors and activities.
ESG fixed-income investments have become ‘mainstream’, reaching US$3 trillion in 2022
Public sectorPublic sector issuers have played an important role in the creation of the market. In 2016, WWF began working with the French government on its inaugural sovereign green bond, and helped kick-start sovereign green bond issuances, a market which now represents a volume of more than US$ 300 billion issued by more than 40 governments in both developed and emerging markets. In Malaysia, for example, WWF successfully shaped the world’s first sovereign green sukuk, a sharia-compliant bond-like instrument used in Islamic finance. See our Green Bond Impact Story 3 for more detail.
WWF calls on practitioners to speedily adopt best practice standards
What counts is that issuers of green bonds, underwriters, and investors shift away from environmentally harmful debt capital instruments, and move into green debt instruments that fulfil the criteria of best practice green bonds.
This is why WWF is calling on practitioners to speedily adopt these new best practice green bond standards.