Archive

Tackle greenwashing or face regulation, Swiss government challenges industry

The Swiss government has threatened to introduce regulation to tackle greenwashing among financial institutions unless the industry can show it can address the issue itself.

A quarter of corporates have no taxonomy alignment, ESMA analysis shows

Almost a quarter (24%) of corporates reported last year that none of their turnover aligns with the climate mitigation and adaptation criteria of the EU taxonomy, according to analysis by EU regulators.

Bond round-up: Chile, H&M, IDB Invest ... and more

Development Bank of Rwanda raises RWF30bn in landmark sustainability-linked bond

The Development Bank of Rwanda (BRD) has raised RWF30 billion ($24 million) from its debut sustainability-linked bond, which is the first instrument of this type issued by a development bank and the first sustainable bond from a Rwandan issuer.

Biodiversity still not 'paid attention to' by many Dutch investors

Dutch investors have been urged to integrate biodiversity in decision-making, after a study found that many "are not yet paying attention" to it as a theme.

EU Green Bond Standard approaches final formal step

The EU Green Bond Standard (EU GBS) has taken another formal step towards its final passage into law after the European Council officially adopted the first regulation for green bonds in the world, clearing the way for its final signing into law by late November.

US climate finance principles published by regulators - but two Fed governors refuse to sign

The main banking and financial services regulators in the US have agreed principles on how to manage climate risk - but they resisted calls to promote the transition to a lower carbon economy, as the controversial document caused a rift within the Federal Reserve.

Enel SLB target miss 'to cost it $27m'

Investors are not pricing in the expected Enel sustainability-linked bond (SLB) target miss at the end of 2023 which could trigger a coupon step-up for more than $10 billion worth of debt, according to the Anthropocene Fixed Income Institute (AFII).

Call for more transparency on Scope 4 claims from fund managers

'Okay to miss out' on innovative sustainable opportunities, says FSSA

It's better to "miss out on" innovative sustainable investment opportunities than invest without a track record, especially in emerging markets, FSSA has said.