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BoE continues to focus on climate despite UK government de-prioritising it, Breeden says
19 December 2023The Bank of England will continue work to improve its understanding of climate risks to financial stability, its deputy governor Sarah Breeden has said.
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Impact label is 'crucial' to SFDR success, impact leaders urge
19 December 2023 -
Tennessee sues BlackRock over 'false or misleading' ESG claims
19 December 2023The Attorney General of Tennessee has accused BlackRock of making "false or misleading" claims about "the extent to which environmental, social and governance (ESG) considerations affect BlackRock's investment strategies".
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Banks' disproportionate lending to high-emitting sectors poses stability risks, ECB warns
19 December 2023Eurozone banks lend "disproportionately" to high-emitting sectors and thereby risk financial instability, the European Central Bank (ECB) has warned, as it called for a tougher strategy to tackle such risks that could include increased capital requirements.
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'Blue' bond guidance will support market in 2024 - but not debt-for-nature swaps
19 December 2023Recent guidance around 'blue' bond issuance to support the growth of the water-focused sustainable bond market could result in debt-for-nature swap transactions dropping the blue bond label, according to Sustainable Fitch.
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Integrating nature a way to manage risk in renewable energy, says Octopus
19 December 2023Delivering a positive impact on nature is a key aspect of managing risk as a renewable energy investor, Octopus Energy Generation Fund Management has said, as it mulls investing in nature-based solutions carbon credits.
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Mitsui OSK Lines to issue 'first' shipping firm blue bond
19 December 2023Japanese firm Mitsui OSK Lines plans to raise JPY10 billion ($70 million) through a blue bond in January, believed to be the first issued by a shipping firm using recent International Capital Market Association (ICMA) guidelines.
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Investor interest spurs PRI to consider expanding sovereign engagement pilot
18 December 2023Rapidly growing interest among investors to collaboratively engage with countries on their climate strategies has led Principles for Responsible Investment (PRI) to study whether it can extend a pilot exercise to other sovereign issuers.
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EBA proposes EU develops 'two-tier' green loan standard
18 December 2023The European Banking Authority (EBA) has proposed that the EU develops a voluntary EU Taxonomy-aligned EU green loan and mortgage standard similar to that for green bonds, but that a second non-taxonomy aligned tier should be allowed for a period of time.
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UNDP launches nature project finance finder
18 December 2023The UN Development Programme has launched a database to help match nature projects with private and public funding.