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Financial institutions have high exposure to companies with transition potential, central bank says
26 March 2024French financial institutions are highly exposed to corporates with the potential to meet the criteria of the EU sustainability taxonomy, research by the Banque de France says.
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L&Q faces SLB coupon 'step-up' on target miss
25 March 2024UK social housing charity London & Quadrant (L&Q) said it was "likely to miss" a greenhouse gas (GHG) emissions target linked to its ground-breaking sustainability-linked bond (SLB), triggering an additional £3 million ($3.8 million) of coupon payments.
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Actis sells South African fibre operator to African Infrastructure Investment Managers
25 March 2024 -
SLB step-ups a long way from being financially punitive, says Barclays
25 March 2024The penalties for missing the targets set by sustainability-linked bonds (SLBs) would have to be at least 10 times what the market currently offers to be big enough to incentivise companies to change their behaviour, Barclays has argued.
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Sustainability-linked bond issuance limps into 2024
25 March 2024Sustainability-linked bond (SLB) issuance has had its weakest start to a year since the publication of principles boosted the market in 2020, according to Environmental Finance research.
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Actis acquires South African telecom portfolio
22 March 2024 -
French companies sound alarm at 'greenwashing' in ESMA sustainability enforcement rules
22 March 2024The French Association of Large Companies (AFEP) has voiced concern that draft rules for regulators enforcing the disclosure of sustainability-related information will too strictly police perceived 'greenwashing' and be complex to apply.
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Morningstar launches innovative transition indexes
21 March 2024Morningstar has launched a series of transition indexes it hopes could prove a turning point for the integration of climate considerations in investors' equities allocations.
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BNP launches transition fund
21 March 2024 -
French regulator AMF says it would back 'say on climate' based on CSRD reports
21 March 2024