A group of the world's largest investment banks has thrown its weight behind a new set of guidelines aimed at spurring investment in green bonds – a market which reopened this week with the pricing of a €350 million climate awareness bond.
Bank of America Merrill Lynch, JP Morgan, Citigroup and Crédit Agricole Corporate and Investment Bank sat on a drafting committee for the voluntary guidelines on the recommended process for the development and issuance of green bonds.
