Core Insights - The green bond market has shown resilience despite uncertainties in early 2025, with issuance reaching $467 billion by the end of Q3 2025, a 1% increase year-on-year, maintaining the potential to achieve the record of $572 billion set in 2024 [1][2][3] - The total outstanding green bonds surpassed $3 trillion for the first time, reflecting a compound annual growth rate (CAGR) of approximately 30% over the past five years, indicating a growing demand for climate finance [4] Group 1: Market Performance - Green bond issuance in Europe remains dominant, totaling $256 billion, accounting for 55% of the global total, despite a 5% year-on-year decline [6] - The Americas experienced a more significant decline of 13%, with U.S. corporate green bond issuance dropping nearly 60%, while municipal bonds rose by 30%, keeping overall issuance roughly stable compared to the previous year [6][5] - The strong performance in the Asia-Pacific region, particularly in China, where domestic green bond issuance doubled year-on-year, offset the declines in Europe and the Americas [6] Group 2: Market Innovation and Diversification - Corporate issuers, including both public and private companies, continue to lead the green bond market, accounting for about two-thirds of issuance in 2025, with financial, utility, and industrial sectors at the forefront [6] - Sovereign issuers are also innovating, with China issuing its first sovereign green bond on the London Stock Exchange and Denmark launching its first sovereign bond under the new European Green Bond (EuGB) standard [6][5][7] - Over a quarter of eligible use categories in the green bond market are related to adaptation and resilience investments, with specific examples such as 12% of green bonds in the UK being allocated to flood and coastal erosion management [7][9] Group 3: Fund Flows and Performance - Sustainable bond funds have shown stable inflows, with 46 out of the past 60 months recording net inflows, indicating strong ongoing demand [11] - The performance of green bonds closely tracks that of traditional bonds, although they have slightly underperformed year-to-date [8] - Since October 2020, sustainable bond funds have attracted a cumulative net inflow of $54 billion, highlighting investor confidence in green and sustainable fixed income strategies [12][13] Group 4: Future Outlook - As 2025 approaches its end, the green bond market continues to demonstrate remarkable resilience amid uncertainties and growth slowdowns in certain regions [15] - The fundamental drivers, including the rising need for climate mitigation and adaptation infrastructure financing, strong investor demand, and stable performance relative to the broader fixed income market, suggest that green bonds will remain a cornerstone of sustainable finance portfolios [15][10]

Core Insights - FinanceAsia's annual Achievement Awards recognize excellence in Asia's financial markets, focusing on Deal Awards and House Awards to highlight key players' accomplishments in the Asia Pacific and Middle East regions [1][2]. Deal Awards Summary Best Bond Deals - Hysan's subordinated perpetual securities and junior subordinated bond private placement recognized as a top deal in APAC [4][7]. - Scentre Group's A$650 million hybrid issue noted in Australia [4]. - China Modern Dairy Holding Ltd's $350 million senior unsecured sustainability bond issuance highlighted in China Offshore [5]. Best Digital Bond Deals - Zhuhai Huafa Group Co Ltd.'s guaranteed digitally native bonds due 2027 recognized in China Offshore [13]. - BoComm Digital's floating rate digitally native notes acknowledged in Hong Kong SAR [13]. Best Equity Deals - CATL's $5.3 billion IPO recognized as a leading deal in APAC [15][16]. - Hyundai Motor India's $3.3 billion IPO noted in India [16]. Best Infrastructure Deals - La Gan Offshore Wind Project's $10 billion renewable energy development recognized in APAC [20]. - Central West Orana Renewable Energy Zone noted in Australia [20]. Best IPOs - CBS' VND10.8 trillion IPO recognized in APAC [25]. - Virgin Australia's A$685 million IPO highlighted in Australia [25]. Best Islamic Finance Deals - Perbadanan Bekalan Air Pulau Pinang's MYR300 million sustainability sukuk wakalah recognized in APAC [30]. - Republic of Indonesia's $2.2 billion sukuk sustainability bond noted in Indonesia [30]. Best M&A Deals - Reliance Industries and Walt Disney's merger of Indian media assets recognized in APAC [31][34]. - Chemist Warehouse's merger with Sigma Healthcare noted in Australia [31]. Best Private Equity Deals - KKR's acquisition of FUJI SOFT recognized in APAC [38]. - Access Healthcare's sale to New Mountain Capital highlighted in the US [39]. Best Project Finance Deals - Financing solution for Ørsted's offshore wind projects in Taiwan recognized in APAC [40]. - PHP150 billion senior secured term loan facility for Terra Solar Philippines noted in the Philippines [43]. Best Sustainable Finance Deals - AirTrunk's S$2.25 billion green loan for new hyperscale data centre development recognized in APAC [54]. - Kingdom of Thailand's inaugural THB30 billion sustainability-linked bond noted in Thailand [59].

Core Insights - The joint research report by the Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA) highlights the growth potential of labelled debt in supporting sustainable development in emerging markets [2][11] - The report indicates that sustainable debt markets in the Middle East and North Africa (MENA) and emerging Asia Pacific (APAC) regions are poised for significant expansion [2][5] Group 1: Market Potential - The research identifies that many issuers and borrowers are currently financing sustainable projects using unlabelled instruments, indicating a gap in the market for labelled debt [2][5] - Opportunities for market expansion include government guidance to facilitate market entry, increased corporate issuance, and broader applications of sustainable debt beyond traditional labels [3][5] Group 2: Regulatory Support - Regulators in MENA and emerging APAC are increasingly backing the development of transition and social finance frameworks, along with stronger disclosure standards and innovative sustainable financial instruments [5][6] - The UAE's initiatives, such as the UAE Energy Strategy 2050 and the Dubai Clean Energy Strategy 2050, aim to diversify the energy mix and establish the UAE as a regional hub for green finance [6] Group 3: Case Studies and Insights - The report includes case studies on innovative sustainable finance, featuring a blue bond from DP World, a sustainability-linked loan bond from Emirates NDB, and a long-tenor green bond and loan from MTR Corporation Limited [5] - Mark Steward, Chief Executive of the DFSA, noted a record issuance of US$94 billion in 2024, reflecting growing investor confidence in sustainable debt markets [10]

1 8 N o v e m b e r 2 0 2 5 Disclaimer This presentation contains forward-looking statements regarding Crédit Agricole S.A. and the Crédit Agricole Group, including market trends. Such information may encompass financial projections, underlying assumptions on which these projections are based, statements concerning projects, objectives and expectations related to future transactions, products and services, as well as considerations regarding future performance. These elements are derived from scenarios buil ...

Deutsche Bank Investor Relations A transformed bank Investor Deep Dive 2025 November 17, 2025 Sustainable profitability Foundational investments Positioned for growth Deutsche Bank Investor Deep Dive 2025 A transformed bank, James von Moltke 2 Delivered on our transformation objectives Enhanced business focus, through strategic portfolio adjustments and disciplined execution Executed transformation, strengthening our fundamentals and restoring profitability Rebuilt stakeholder confidence, positioning Deutsc ...

Core Viewpoint - VLM Group has launched a Carbon-Offset and Biodiversity Initiative aimed at reducing its operational footprint and supporting global ecological restoration projects, reflecting its commitment to environmental stewardship and responsible investing [1][3]. Group 1: Initiative Overview - The initiative will focus on three primary areas: carbon reduction and offsetting, biodiversity restoration, and sustainable engagement [3][6]. - The program aims to integrate environmental awareness into all aspects of the business, emphasizing the firm's responsibility to contribute to global sustainability goals [3][4]. Group 2: Carbon Reduction and Offsetting - VLM Group plans to measure, disclose, and offset 100% of its operational greenhouse gas emissions by investing in certified carbon credit programs that support renewable energy and reforestation projects across Asia and Africa [6]. Group 3: Biodiversity Restoration - The firm will collaborate with accredited conservation groups to co-finance reforestation and wetland restoration projects, which are designed to preserve native ecosystems and protect endangered species [6]. Group 4: Sustainable Engagement - VLM Group will incorporate biodiversity metrics into its due diligence framework and work with partners to adopt global sustainability standards, including the UN Principles for Responsible Investment (PRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) [6]. Group 5: Implementation Timeline - The Carbon-Offset and Biodiversity Initiative is set to begin implementation in early 2026, with initial projects planned for China's Yangtze River Basin and Kenya's Great Rift Valley [4].

Core Insights - The fintech industry is undergoing a transformative era, focusing on reimagining the entire financial ecosystem beyond just digital payments [1][2] Group 1: AI and Automation - AI-driven finance is reaching full maturity, with advancements in generative AI, machine learning, and predictive analytics enhancing decision-making, automation, security, and personalization [5][7] - Hyper-automation in finance is modernizing operations through AI, machine learning, and robotic process automation, significantly reducing operational inefficiencies [26][28] Group 2: Embedded Finance and Web3 - Embedded finance is becoming mainstream, allowing non-financial companies to integrate financial services directly into their platforms, with a projected global opportunity exceeding $500 billion by 2026 [8][9] - The rise of Web3 and decentralized finance (DeFi) is shifting focus from crypto trading to real-world asset tokenization and smart contracts [10][14] Group 3: Sustainability and Green Fintech - Green fintech is gaining traction as environmental sustainability becomes a priority, with financial institutions developing eco-friendly digital products in response to consumer demand, particularly from Gen Z [16][18] Group 4: Central Bank Digital Currencies (CBDCs) - Over 100 countries are experimenting with or launching CBDCs, which are expected to reshape the global monetary ecosystem and create new opportunities for collaboration between central banks and fintech companies [19][20] Group 5: Security and User Experience - Biometric security and zero-trust frameworks are becoming standard in fintech to combat increasing cybersecurity threats, requiring continuous verification of users and devices [21][25] - Human-centric user experience is crucial for fintech success, with a focus on intuitive design, real-time insights, and trust-building features [38][41] Group 6: Financial Inclusion - Fintech is enhancing financial inclusion through mobile banking, digital wallets, and micro-lending apps, making banking services more accessible to underserved populations [31][36]

Q3 25 Performance Highlights - Telefónica reported sustained organic growth in key financial metrics, including a 1.1% year-over-year increase in revenue for 9M 25 and 0.4% for Q3 25[14] - The company's focus on Next Generation Networks resulted in Fibre reaching 82.6 million, with a quarter-over-quarter increase of 1.3 million premises passed[12] - Telefónica achieved industry-leading CapEx to Sales ratio, driven by efficiency-driven management and accelerating portfolio transformation with Uruguay and Ecuador sales closed in October[12] Financial Results - For 9M 25, Telefónica's B2B revenue increased by 5.6% organically, while B2C revenue decreased by 1.9% organically[14] - The company's CapEx/Sales organic ratio decreased by 0.5 percentage points for 9M 25 and 0.7 percentage points for Q3 25[14] - Free Cash Flow (FCF) from continuing operations was €414 million for 9M 25 and €123 million for Q3 25[14] Regional Performance - In Spain, Telefónica experienced growth acceleration in all main accesses, with best-in-class CapEx/Sales of 11.3% for 9M 25[27] - Brazil saw EBITDA growth strengthened by high-value accesses and efficiencies, with FTTH accesses increasing by 12.7% year-over-year[30] - Germany's financials were impacted by partner business, with revenue declining by 6.6% year-over-year in Q3 25[45] Guidance and Outlook - Telefónica's 2025 guidance includes organic growth in revenue and EBITDA, with CapEx/Sales below 12.5% and FCF of approximately €1.9 billion[67] - Lower FCF is expected for 2025 due to different timing in cash inflow from tax cases and litigations won, as well as impacts from transitioning Hispam perimeter changes[68] ESG Initiatives - Telefónica has invested €77 billion in SDG-aligned investments since 2015 and continues to lead the sector in ESG ratings, ranking in the top 3% in Sustainalytics[76, 77]

Core Insights - PetroEnergy Resources Corp.'s subsidiary, Bugallon Green Energy Corp., secured a loan facility of P826 million from Rizal Commercial Banking Corp. (RCBC) to develop a solar project in Bugallon, Pangasinan [1] - The Bugallon solar power project will have a capacity of 25.01 megawatt-direct current (MWdc) and is expected to generate around 36 gigawatt-hours annually, sufficient to power over 15,000 households and reduce carbon emissions by approximately 25,000 metric tons per year [2] - The financing is part of RCBC's Sustainable Finance Framework, emphasizing the bank's commitment to supporting climate-resilient developments and sustainable economic growth [2][3] Company and Industry Summary - The loan will fund the Bugallon solar power project, which is a significant step towards increasing the country's power supply from indigenous energy sources [3] - Bugallon Green Energy is a joint venture between PetroGreen Energy and Japan's Taisei Corporation, highlighting international collaboration in renewable energy projects [3] - PetroEnergy Resources shares last traded at P3.20 per share on October 29, 2025, indicating the company's market performance at that time [4]

Core Insights - Matter, an ESG data company, has appointed Kim Rosenkilde to its Board of Directors, enhancing its leadership team at a crucial time following its acquisition by Diginex [1][2][3] Company Overview - Matter focuses on delivering sustainability data, analytics, and insights to the investment industry, aiming to empower investors and institutions with actionable insights into ESG factors [2][6] - The company is now part of the Diginex ecosystem, which utilizes AI, blockchain, and machine learning to provide trusted ESG analytics [2][5] Market Growth - The ESG data management market is projected to grow from approximately US$ 1.31 billion in 2025 to about US$ 4.27 billion by 2032, reflecting a compound annual growth rate (CAGR) of 17.4% [2] Leadership and Expertise - Kim Rosenkilde brings over 20 years of experience in global finance and investments, with a strong focus on sustainable finance and ESG integration [3][4] - His strategic vision is expected to enhance Matter's ESG analyses and support global organizations in achieving sustainability goals [3][5] Technological Integration - Matter plans to leverage Diginex's advanced technologies to improve the depth and breadth of its ESG coverage, benefiting clients from individual issuers to entire portfolios [5][7]