Archive

ICMA, IsDB publish 'milestone' sustainable sukuk guidance

The International Capital Market Association (ICMA), Islamic Development Bank (IsDB) and London Stock Exchange Group (LSEG) have published guidance on issuing sukuk aligned with the widely used Green and Social Bond Principles.

SEC climate rule built to survive legal challenges, says former counsel

The US Securities and Exchange Commission (SEC)'s final climate rule was built to withstand legal challenges that seek to block it, and stands a good chance of doing so, according to a former senior counsel at the agency.

Japan shows value of clear policy to spur transition finance, JCR says

Japan's sovereign transition bond, and its links to government 'roadmaps' to decarbonise high-emitting sectors, shows how clear policy frameworks can catalyse 'transition finance', according to Japan Credit Rating Agency (JCR).

AXA IM engagements increasingly focus on climate change

More than one-third of AXA Investment Managers' engagements focused on climate change last year, according to its latest stewardship report, driven by a higher frequency of discussions by portfolio managers and credit research analysts.

'Hard-to-abate' green bonds tell transition investors we are 'here for real'

Green bonds are valuable for hard-to-abate issuers to demonstrate what they are doing right now to secure a low-carbon future when 'zero carbon' technologies are still being developed, according to Alcoa and ING.

Decline of Article 9 funds nearing end and Article 8 continues to soar, Barclays finds

The decline of funds classified as Article 9 under the EU's Sustainable Finance Disclosure Regulation (SFDR) is set to reverse, Barclays has claimed.

Landmark moment as climate risks included in 'Magna Carta of banking supervision'

Prominent central bankers have welcomed the inclusion of climate change among a group of potentially material risks to financial stability in the global banking supervision principles for the first time, meaning regulators and banks must identify and address such risks.

European Parliament votes to 'break down' composite ESG ratings

The European Parliament has given the go-ahead to 'world first' regulation on ESG ratings, which encourages an end to the use of aggregate ratings that give an overall sustainability score.

'Dividing line' between transition and business strategies is fading fast

The convergence of climate transition and financial business strategies is becoming more prominent and is helping drive greater sophistication in transition planning by issuers, sustainable finance experts told an Environmental Finance event.

People Moves, 26 April: Glass Lewis, Abris, NTR, Circulate Capital, Mediolanum ... and more