Archive

'Financial time bomb' of climate-related credit rating volatility awaits, says IEEFA

A "financial time bomb is ticking" due to expected volatility in credit ratings caused by climate risks which have not yet been adequately reflected in ratings, the Institute for Energy Economics and Financial Analysis (IEEFA) has warned.

Fitch: Amazon summit sets stage for 'confrontational COP28'

Sustainable Fitch said the stage was set for a "more confrontational COP28," after "strong demands" were made at a regional summit on the sustainable development of the Amazon around developed country financing support and rising concern around regulation.

Early coal phase out deals 'beset by hurdles', says Sustainable Fitch

Early coal phase out deals in the Asia-Pacific region are 'beset by hurdles', particularly for investors which could face reputational risks for being involved, Sustainable Fitch has said.

Improving pricing dynamics 'could spur Chinese corporate green bond growth'

The market will have to "wait a little longer" before it sees increased green bond issuance from private corporate issuers in China, due to the adverse pricing dynamics present in the market, according to Sustainable Fitch.

BP is not green - it's olive

Some APAC banks "double counting" climate contributions, warns Fitch

While banks in Asia Pacific's developed markets are making "good progress" on the transition, Fitch Group's CreditSights warned some may be artificially enlarging and double counting their contributions to climate change.

Progress on JETPs 'slower than expected', says Sustainable Fitch

Progress on the UN's Just Energy Transition Partnerships (JETPs) has been slower than expected, but taxonomies that include transitional activities could help emerging markets meet their decarbonisation targets, Sustainable Fitch has told Environmental Finance.

Chinese onshore green bond quality 'improving'

An increasing number of Chinese onshore green bonds are allocating all of their proceeds to green activities, with consolidation of the regulatory environment in the country expected to drive further progress.

'Samurai' sustainable bond growth trend expected to continue

The rapid growth in Japanese yen-denominated 'Samurai' sustainable bonds from foreign issuers is expected to continue, but Sustainable Fitch worries about the rise in private placements in the market.

Sustainable Fitch launches oil & gas transition assessment

Sustainable Fitch has launched a transition assessment tool for oil and gas companies, to "provide greater visibility on targets, commitments and actions to date".