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Risk of fragmentation of ESG ratings regulation remains despite IOSCO work, CDP warns
03 September 2024Differences in how countries have devised rules or voluntary codes of conduct for ESG ratings and data shows that there remains a risk of divergence between jurisdictions that raises costs for providers and users, CDP has warned.
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CBI to launch climate resilience taxonomy this month
03 September 2024The Climate Bonds Initiative (CBI) will launch its initial Climate Resilience Taxonomy on 25 September with draft criteria, ahead of detailed thematic criteria being developed in the next phase of the work.
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Transition plan rules 'should require disclosure of' expected climate impact
30 August 2024Regulatory frameworks for disclosure of climate transition plans should require companies to explain what impact they expect their plans to have on greenhouse gas emissions, ClarityAI has suggested.
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Costa Rica 'almost done' with framework ahead of 2025 sustainable bond debut
29 August 2024Costa Rica is planning to issue its debut sovereign sustainable bond in the first half of 2025, but the Latin American country is not currently looking to use the sustainability-linked bond format like some regional peers.
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Putting transition plans to the test: Morningstar Sustainalytics
29 August 2024Investors face a tough task scrutinising corporate transition plans - but an increasing number of tools promise to help. In the fourth article in a series, Michael Hurley examines Sustainalytics's Low Carbon Transition Ratings
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Bank of China raises CNY2.5bn from ground-breaking 'SGS' sustainable bond
28 August 2024Bank of China (BoC) has raised CNY2.5 billion ($351 million) from the first 'sustainability-linked, green, and social loan' (SGS) bond issued under its innovative framework which follows the publication of recent ground-breaking market guidance.
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Better data, fewer indices needed to drive ETF flows, says IIA
26 August 2024Improvements in ESG data will lead to better indexes for asset managers, but to drive more flows into the industry, investors must coalesce around fewer definitions, according to the Index Industry Association.
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Canada transition finance market awaits if Taxonomy gets 'unstuck'
23 August 2024Pent-up demand for transition finance in Canada could be released if the government can get "unstuck" with its long-awaited transition-focused taxonomy later this year, but challenges around the role of gas continue to hold progress back.
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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.