Archive

BlackRock remains 'misaligned' with NYC pension climate expectations, fund says

BlackRock still fails to satisfy 'net zero' expectations set by a group of New York City pension funds, months after the city's chief financial officer recommended replacing the asset manager on a major US equities mandate, the funds said.

Bangladesh's City Bank 'working on' green bond debut

City Bank has signed a partnership with the UN Development Programme (UNDP) to support the Bangladesh lender in developing its inaugural green bond.

New York pension fund to renew push for banks to report energy financing

Some of the world's largest banks face renewed pressure to improve disclosure of the ratio of finance they provide to fossil fuels versus low-carbon alternatives, as a large US pension fund prepares shareholder proposals.

'Overwhelming response' to debut SLB from Thai state power firm

Electricity Generating Authority of Thailand (EGAT) has raised TBH2 billion ($61 million) from its debut sustainability-linked bond (SLB), with the deal also including a rare step-down coupon if the state-owned firm achieves its target.

Article 6 'critical to attracting external finance for Ugandan carbon platform'

Alignment with Article 6 of the Paris Climate Agreement will be critical to attracting private finance to carbon projects, Environmental Finance has heard, as banks begin to move into the market.

Exclusive: Uganda launches sovereign carbon credit platform

Uganda has launched a digital carbon credit platform with climate technology firm Evercity in a bid to build "sovereignty in climate finance".

Climate adaptation and data groups win support from Bloomberg-backed coalition

Municipal issuers split over third-party ESG attestation

There is a divide in the US municipal bond market over whether issuers should pay for third-party attestation or rely on self-certification, according to speakers at Environmental Finance's Sustainable Debt Americas Conference in New York today.

People Moves, 12 September: TPG Rise Climate, BlackRock, Westpac NZ, ISF ... and more

Make international transition finance work more coherent, Japanese bank urges

A plethora of guidance and frameworks on transition finance complicates efforts to focus private capital to where it is most needed, according to a senior banker at Sumitomo Mitsui.