Archive

Co-op prices £350m sustainability-linked bond

UK retailer Co-op has priced a £350 million ($470 million) sustainability-linked bond due 2031, with an 8.25% coupon.

Co-op issues £350m sustainability bonds

Co-operative Group Limited (Co-op) has launched a bond offering of £350 million ($473 million) sterling-denominated sustainability bonds due 2031.

Pension funds, insurers and regulators appointed to Canada taxonomy group

Representatives of Royal Bank of Canada, La Caisse and insurer Co-operators are among members of a newly appointed group to lead development of Canada's 'green and transition' sustainable finance taxonomy.

Carbon 'insetting' fund launched

A fund to reward farmers for reducing emissions has raised £1 million ($1.25 million) in contributions from organisations looking to "reduce their Scope 3 emissions".

Rwanda considering sovereign SLB after development bank success

Rwanda is considering issuing a sovereign sustainability-linked bond (SLB) after its development bank successfully issued a ground-breaking deal last year, an Environmental Finance event heard.

Climate Bonds Initiative names advisory board, to consult on new climate resilience taxonomy

Central banks 'could demand transition plans to help set capital requirements'

A "high likelihood [of] sudden build-ups of prudential risks" caused by climate change should see central banks and supervisors adjust prudential requirements for banks based on their transition plans, academics have recommended.

Financial risk management models 'mask' water risk, OECD says

Models for assessing risk management to financial institutions may hide water risk, the Organisation for Economic Co-operation and Development (OECD) has said

AgriFunds urged to improve natural capital risk disclosure

Food and agriculture funds have been urged to improve reporting on nature-related risks, after a report showed major investors in the sector were materially exposed to the financial risks associated with natural capital threats.

Industry heads call for ESG data register across EU