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Green bond emissions accounting could 'significantly boost' market
30 April 2024Accounting exclusively for project emissions financed through green bonds could "significantly boost" demand for the instrument as well as encourage greater green bond supply from 'transition' issuers, according to Barclays.
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Heavy industries must speed up to get on track with emissions targets, says WBA
30 April 2024Heavy industries need to triple carbon emission intensity reduction over the next five years to align with the 1.5°C trajectory, data from the World Benchmarking Alliance (WBA) has found.
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ICMA, IsDB publish 'milestone' sustainable sukuk guidance
29 April 2024The 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.
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SEC climate rule built to survive legal challenges, says former counsel
29 April 2024The 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.
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Japan shows value of clear policy to spur transition finance, JCR says
29 April 2024Japan'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).
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AXA IM engagements increasingly focus on climate change
29 April 2024More 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.
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'Hard-to-abate' green bonds tell transition investors we are 'here for real'
29 April 2024Green 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.
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Decline of Article 9 funds nearing end and Article 8 continues to soar, Barclays finds
26 April 2024The decline of funds classified as Article 9 under the EU's Sustainable Finance Disclosure Regulation (SFDR) is set to reverse, Barclays has claimed.
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Landmark moment as climate risks included in 'Magna Carta of banking supervision'
26 April 2024Prominent 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.
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European Parliament votes to 'break down' composite ESG ratings
26 April 2024The 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.