Archive

AIG's climate policy transforms it from laggard to leader

Long-awaited fossil fuel restrictions welcomed by environmental campaigners

Citi appoints new sustainable debt director

People moves, 21 January: Citi, HSBC, Mirova, Ninety One, and more

Citi lays out initial net zero plan

US banking giant Citigroup has laid out its initial net zero plan, including 2030 emissions targets for its energy and power loan portfolios.

Citi, CommerzBank among climate tech firm backers

A climate technology firm has raised $19 million in funding from five investors, including the venture capital arms of Citi and CommerzBank.

NYDFS becomes first US regulator to issue climate guidance for insurers

Insurers expected to ramp up their climate risk oversight functions by next year

New York Fed climate stress test demonstrates 'substantial' risk for banks

Researchers at the Federal Reserve Bank of New York have published a transition risk-focused climate stress test metric for banks, which demonstrated climate risk was "economically substantial" for some lenders during the 2020 energy crisis.

£100bn orderbook for record-breaking £10bn UK green bond debut

The UK secured a £100 billion ($137 billion) orderbook for its £10 billion maiden sovereign green bond, making it both the largest sovereign sustainable bond ever issued and the largest ever orderbook.

Ground-breaking sustainability Tier 2 sukuk 12-times oversubscribed

Turkish lender Kuveyt Türk Katilim Bankasi has raised $350 million from its "landmark" sustainability sukuk, the first Tier 2 regulatory note issued through the sharia-compliant bond structure.

ADB raises $300m from first 'blue' bond

The Asian Development Bank (ADB) has raised $300 million from its inaugural 'blue' bond to finance ocean-related sustainable projects