Archive

NMB Bank raises $157m from largest sustainability bond in East Africa

Tanzanian lender NMB Bank has raised $157 million from a significantly upsized dual-currency sustainability bond, making it the largest sustainability bond issued in East Africa to date.

Updated: Financial institutions partially exempt from supply chain due diligence under 'milestone' rules

The finance sector will be exempt from carrying out environmental and social due diligence of companies 'downstream' in the supply chain under newly agreed EU rules, in a victory for lobbyists who claimed it would add disproportionate costs and unfairly expose institutions to legal claims.

ICMA publishes ESG ratings and data code of conduct

The International Capital Market Association (ICMA) has published a voluntary 'code of conduct' for ESG ratings and data products.

Water to be a 'critical issue' for 2024, predicts Redwheel

Water is to be a 'critical issue' in the year ahead, and biodiversity is expected to become a key regulatory requirement and investment opportunity, Redwheel has predicted.

Loan round-up: Ecobank, Saint-Gobain, CDB Aviation ... and more

Swiss Re acquires flood modelling business

Reinsurance provider Swiss Re has acquired UK-based water risk intelligence and flood modelling business, Fathom, for an undisclosed sum.

Dutch pension fund: We struggle to measure positive biodiversity impact

Dutch pension fund Rail & OV plans to move to the "next phase" on integrating nature into its investment processes, but admits it still struggles to assess companies' impact on biodiversity.

Nature the 'green scorpion' in the room, warns Oxford University

"Nature is not the elephant in the room, it's the huge green scorpion running towards us. The sting in its tail will significantly amplify the impacts of climate change in ways that are difficult to predict".

Sustainable bond market returns to growth in 2023

Sustainable bond issuance in 2023 has surpassed the $925 billion total raised in the whole of 2022, as strong sovereign activity more than offset contracting corporate volumes.

NGFS encourages central banks to tackle nature-related risks

The Network for Greening the Financial System has encouraged central banks and supervisors to further tackle nature-related risks, especially through the development of nature-risk scenario analysis.