A German stock exchange has joined a green finance initiative.

Deutsche Börse announced it has become part of the Climate Bonds Initiative Partners Programme, where it will develop climate finance solutions, participate in market development committees and help define policy agendas for national, regional and sector based schemes.

The group aims to accelerate the use of green bonds and other green debt products to boost climate investments and support emissions reduction plans.

Deutsche Börse says it will be able to help improve the transparency, quality of information and standardisation in global capital markets by participating in the programme.

Kristina Jeromin, Head of Group Sustainability at Deutsche Börse, said: “We are looking forward to our further partnership with the Climate Bonds Initiative, as this is an extension of our commitment to climate action.

“Supporting organisations taking the lead in developing market based and finance driven responses to create sustainable financial markets is one of our core responsibilities.”

SwedBank and the London Stock Exchange also joined the Climate Bonds Partner Programme.