Trade finance as an asset class has benefitted from developments in loan and debt capital markets, which have led the way in sustainable product development.
Banks can play a frontline role in closing the sustainable trade finance gap and supporting a green recovery post-COVID-19 by embedding ESG checks, fostering collaboration and inclusion, and mainstreaming digital solutions.
An introduction to the International Chamber of Commerce (ICC) Sustainable Trade Finance working group
Your Monday morning coffee briefing from TFG. The UK hits its first vaccine target, though new quarantine hotels expected to bring disruption. Italy swears in former ECB president Mario Draghi as its new prime minister. Sussexes expecting a second child.
We take a look at the role of multilaterals and public-private partnerships can help the trade finance community achieve sustainability objectives.
The Business Plan outlined new objectives that will allow UKEF to adapt its support for SMEs, help businesses across all the regions of the UK, access UKEF products, and focus its activity on sectors and countries.
Farmers are losing money regardless of their size, defaulting on existing facilities, and as such financiers are exiting structured commodity finance due to credit and compliance risks.
TFG heard from Beata Javorcik at University of Oxford, discussing corporates addressing climate change.
TFG structures a £500k revolving trade finance facility for a packaging company for an order of 34 million sustainable glass jars, moving towards a long term sustainable finance facility
How can the UK ‘green’ its finance system? Meeting the Paris Agreement’s targets on greenhouse gas emissions is no easy feat. TFG spoke to Sir Roger Gifford, Chair of the UK Green Finance Institute, on how we can integrate climate science data and risk analysis into financial decision making to get sustainability at the forefront of the agenda for governments, banks and companies.
Japan has set out its strategy to reduce greenhouse gas emissions by 80% by 2050, and net zero emissions by the early years of the second half of this century. The strategy is not perfect and is in controversy with the actions of the corporates and the government. However, it is a welcome step and more pressure needs to be applied in order to make the strategy go further.