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SIX launches 'climate equity flag' for companies
23 August 2024SIX has launched a new Paris Agreement-aligned climate flag for companies who are listed through the Swiss financial exchange firm, with S&P Global Ratings and SGS the first approved reviewers for the scheme.
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'Greenium' persists for €3bn KfW green bond
22 August 2024KfW reported the 'greenium' on its €3 billion ($3.3 billion) green bond persisted after the deal was more than twice oversubscribed by investors, with the German development bank already reaching its 2024 green bond funding target.
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Financial institutions begin piloting dedicated SBTi standard
22 August 2024A group of 40 financial institutions has started piloting a dedicated standard for setting Science Based Targets, using a draft published by the initiative last month.
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NIB closes in on record green bond issuance as framework update looms
21 August 2024Nordic Investment Bank (NIB) is on track for record green bond issuance in 2024 following the latest deal from the long-standing issuer, with its updated framework also expected in the "coming weeks".
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Mining set to benefit from 'significant' ICMA 'green enabling' update
20 August 2024The International Capital Markets Association (ICMA) guidance on eligible 'green enabling' projects for sustainable bonds is a "significant expansion" of use-of-proceeds, according to Sustainable Fitch- with mining projects set to particularly benefit.
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Emirates NBD developing 'Sharia first' sustainable finance framework
19 August 2024Emirates NBD is preparing to publish an innovative framework for sustainable bond and sukuk issuance in October, which it hopes will help scale the Islamic sustainable finance market.
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Banks' climate data struggles are clouding their view of price changes, ECB says
16 August 2024Banks in the eurozone struggle to collect even the most basic data on climate risks to commercial real estate, despite evidence that pricing "is already clearly being affected by" physical climate risks, the European Central Bank (ECB) has said.
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'Green bonds cheaper than ever before'
16 August 2024The "yield disadvantage" of corporate green bonds compared with their 'vanilla' equivalents has "decreased significantly" in several areas of the market - making them an "interesting addition" to sustainable fixed income portfolios, according Zürcher Kantonalbank (ZKB).
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Costa Rican sustainable finance taxonomy launched
15 August 2024The major financial regulators of Costa Rica have vowed to "promote and integrate" the national sustainable finance taxonomy into their activities after the Latin American country published the landmark 'green' list.
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ECB's approach fails to recognise credit risk of transitioning too fast, says US banks group
15 August 2024The European Central Bank (ECB)'s approach to push banks to reduce their credit risk by decarbonising is flawed, as it oversimplifies the link between emissions and default risk and fails to recognise the risk of "transitioning too fast", a US banking group has claimed.