Search results for Green Bond
Crypto
Societe Generale adds stablecoins to Canton Network for tokenised finance
French bank Societe Generale will use its own stablecoins, EURCV and USDCV, on the Canton Network to support tokenised collateral, repo financing and institutional payments. Its digital assets unit Societe Generale-FORGE will deploy the euro-backed EURCV and dollar-backed USDCV on the network. The stablecoins will be available only to permitted participants outside the United States and are not registered under U.S. securities laws.
Crypto
Woori Bank issues 300 billion won green bonds to expand ESG finance
Woori Bank issued Korea-style green bonds worth 300 billion won to expand ESG finance. The issuance, supported by a green bond interest subsidy programme hosted by the Ministry of Climate, Energy and Environment and the Korea Environmental Industry and Technology Institute, comprises 150 billion won of three-year notes and 150 billion won of one-year notes. The bank said proceeds will be used entirely for environmentally friendly projects including solar and wind power and waste energy recovery.
Industry
South Korean industry holds back large-scale green investment amid policy uncertainty
South Korean companies are increasing use of green bonds to finance the energy transition, but weak enforcement of the country’s green taxonomy is raising greenwashing risks, a report said. IEEFA found South Korea ranked second in financial development among ASEAN+3 economies but fourth in green finance development. It said the voluntary K-Taxonomy could allow fossil fuel-dependent projects to be labelled green, potentially limiting overseas funding as global standards tighten.