Green bonds and reporting impact

A blockchain database, linking issuers and investors of green bonds is to be launched. Created a consortium of capital market actors, green finance experts and technology innovators, the Green Assets Wallet platform aims to unlock greater volumes of credible investment opportunities that deliver green impact.

“After two years of intensive development work, we and our partners are excited to see the Green Assets Wallet going into full service. Underwriters, stock exchanges, development banks, investors and issuers will benefit from the platform,” explains Cecilia Repinski, executive director of Stockholm Green Digital Finance, co-owner of the platform.

The platform has been launched in order to plug a perceived gap in the market for efficient impact reporting and the reliable validation of the underlying projects. The Green Assets Wallet offers the market an independent platform, where issuers can showcase investment opportunities and report on deliverables and impact. Meanwhile investors can access and follow up on impact, using best-in-class metrics and links to the SDGs.

Ashley Schulten, head of responsible investing for Global Fixed Income at BlackRock, explains: “Compiling and comparing different impact reports can be complicated and time consuming. We see this platform as a way to simplify this process for investors. As the green bond market has led the way for other types of environmental financial products, we hope that this foray into using blockchain for impact metrics can be the start of mainstreaming work around digital tokens for environmental impact and natural capital.”

The Green Assets Wallet is to be an independent public-private company to attract more funding prior to scaling up, with Stockholm Green Digital Finance, a not-for-profit that developed the platform with funding from the German Federal Ministry for Economic Cooperation and Development (BMZ), remaining the key owner to guarantee the independence of the platform.

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