Tradeweb joins climate initiative amid $79 billion record green bond trading volumes

As an official partner of the Climate Bonds Initiative, Tradeweb will promote its green bond trading and provide more transparency on green bond volumes.

Tradeweb has signed up as a partner of a not-for-profit movement aimed at addressing climate change through fixed income markets following a record $79 billion green bond trading volumes in 2020.  

The electronic platform provider has joined the partners program of the Climate Bonds Initiative, which encourages investment in projects and assets to accelerate the transition towards a low carbon and climate resilient economy.

The scheme deploys a scientific criteria that is consistent with the Paris Climate Agreement for bonds, loans and other debt instruments.

Tradeweb joins multiple other major institutions that are already partners of the green bonds initiative, including BlackRock, the London Stock Exchange Group, Barclays, Citi, HSBC, Allianz Globlal Investors, Union Investment, ABN Amro and others.

As an official partner of Climate Bonds, Tradeweb said it will actively promote its green bond trading activity across asset classes and use the initiative’s data to provide more clarity and transparency on its green trading volumes.

“Tradeweb’s multi-asset offering gives us a unique vantage point into ESG trading activity,” Simon Maisey, global head of corporate development at Tradeweb, commented. “We remain focused on powering clients’ sustainable investment strategies with solutions that efficiently identify and highlight green bonds on our platform, ultimately providing them with a robust view of activity across a broad range of asset classes.”

The development follows record green trading volumes at Tradeweb in 2020. Green bonds screened by Climate Bonds accounted for $79 billion of the total $82 billion green bond trading volume executed on Tradeweb throughout the year, up 65% from 2019.

“A sustainable global financial system is no longer optional, it’s a necessity, so we need to leverage available ESG data and research to promote transparency and integrity in green and social bond trading,” added Lee Olseky, CEO of Tradeweb.