Archive

  • SIX launches 'climate equity flag' for companies

    23 August 2024

    SIX 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.

  • 'Greenium' persists for €3bn KfW green bond

    22 August 2024

    KfW 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.

  • Financial institutions begin piloting dedicated SBTi standard

    22 August 2024

    A 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.

  • NIB closes in on record green bond issuance as framework update looms

    21 August 2024

    Nordic 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".

  • Mining set to benefit from 'significant' ICMA 'green enabling' update

    20 August 2024

    The 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.

  • Emirates NBD developing 'Sharia first' sustainable finance framework

    19 August 2024

    Emirates 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.

  • Banks' climate data struggles are clouding their view of price changes, ECB says

    16 August 2024

    Banks 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.

  • 'Green bonds cheaper than ever before'

    16 August 2024

    The "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).

  • Costa Rican sustainable finance taxonomy launched

    15 August 2024

    The 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.

  • ECB's approach fails to recognise credit risk of transitioning too fast, says US banks group

    15 August 2024

    The 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.