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Microfinance firm issues first social bond in Panama
22 April 2024BBVA Microfinance Foundation-owned Microserfin has raised $5 million from the first social bond in Panama as part of a planned $40 million programme.
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Mandatory plastic disclosure takes centre stage in treaty negotiations
22 April 2024Mandatory plastic disclosures for the financial sector could be one step closer as negotiations restart on a global plastics treaty, but the market has lamented the slow progress.
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SEB warns of 'dire need' to tackle slowdown in sustainable bond market
22 April 2024A slowdown in growth of the sustainable bond market during the first quarter suggests it is "living off the boom years" and issuance is not where it needs to be to meet climate targets, warns SEB's Gregor Vulturius.
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US launches task force that will study CBAM-style rules
19 April 2024The US government has established a White House Climate and Trade Task Force to study ways it can tackle "carbon leakage, carbon dumping, and embodied carbon in general" and draw lessons from the EU's Carbon Border Adjustment Mechanism (CBAM).
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Hard-to-abate 'transition' bonds can be 'green' if obsolescence risk managed
19 April 2024Bond issuances tackling hard-to-abate sectors can have their transition-focused bonds judged as green bonds if they manage "obsolescence risk," a sustainable bond investor told an Environmental Finance event.
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People Moves, 19 April: Barclays, Zurich, Eurosif, Scottish Widows, Robeco and ... more
19 April 2024 -
Most businesses will not comply with CSDDD even by 2030, survey predicts
19 April 2024EU and UK business leaders say they expect at least half of their supply chains will not be compliant with the proposed EU Corporate Sustainability Due Diligence Directive (CSDDD) in the next two years, and most businesses will not fully comply by 2030.
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TotalEnergies pauses SLB plans amid weak market development
19 April 2024French oil supermajor TotalEnergies told Environmental Finance it has paused plans to only issue sustainability-linked bonds (SLBs) after the market for the performance-based instrument did not "develop as anticipated" - especially in the US.
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160 financial institutions call for international plastic treaty
19 April 2024Banks, investors and insurers representing $15.5 trillion in combined assets have signed a Financial Statement on Plastic Pollution, calling for a new international treaty to tackle the issue.
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'Huge opportunity' for private transition credit growth, says HSBC
19 April 2024There is a "huge opportunity" for private credit markets to provide transition finance, in particular direct lending through sustainability-linked loans (SLLs), said HSBC Asset Management (HSBC AM).