Archive

US launches task force that will study CBAM-style rules

The 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).

Hard-to-abate 'transition' bonds can be 'green' if obsolescence risk managed

Bond 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.

People Moves, 19 April: Barclays, Zurich, Eurosif, Scottish Widows, Robeco and ... more

Most businesses will not comply with CSDDD even by 2030, survey predicts

EU 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.

TotalEnergies pauses SLB plans amid weak market development

French 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.

160 financial institutions call for international plastic treaty

Banks, 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.

'Huge opportunity' for private transition credit growth, says HSBC

There 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).

NZAOA releases fourth target setting protocol

The UN-convened Net-Zero Asset Owner Alliance (NZAOA) has released the fourth edition of the Target-Setting Protocol (TSP V4) which expands private asset classes coverage, requires a new round of targets and introduces the assessment of govvies' holdings.

Gabon's debt-for-nature swap 'still works' despite coup, LGIM says

A 'debt-for-nature swap' designed to provide $160 million of funding for ocean conservation projects in Gabon "still works" despite a coup led by the country's army, a prominent investor in the deal told an Environmental Finance event.

Investors increasingly withhold support for companies' climate plans

Asset managers are increasingly withholding support for say-on-climate votes, as scrutiny over sustainability plans continues to ramp up, Morningstar has found.