China tipped to strengthen lead in 'green finance readiness' ranking
China is to strengthen its lead on green finance in Asia throughout 2023, driven by rising demand for ESG-focused funds and movements to open up its green bond market to international investors, research has found.
EU green bond standard mired in broader market discussions
Attempts to finalise a standard have been bogged down in talks about whether the labelled bond market also needs minimum requirements - but there is hope of resolution. Ahren Lester reports
Glencore shareholders demand more transparency on coal plan
Investors representing $2.2 trillion in assets have asked Glencore to provide more information on how the mining giant's ongoing thermal coal production aligns with its commitment to support the Paris agreement
Rise in climate finance likely to lower bond yields, says HSBC
A rise in debt as countries finance the transition to net zero greenhouse gas emissions is likely to lower interest rates and compress the yield investors can expect from bonds, according to research by HSBC.
Vague COP15 agreement is 'not a Paris moment', warns HSBC
The global biodiversity framework agreed at the COP15 conference this week failed to meet expectations among some observers that it could provide an equivalent target to 'net zero' for nature, according to a research note by HSBC.
HSBC pledges to stop financing new oil and gas
HSBC has announced it will not finance any new oil and gas fields, in a move a pressure group said sends a strong signal to other banks to follow.
Climate Asset Management raises $650m for natural capital funds
Climate Asset Management (CAM), the joint venture between HSBC and Pollination, has raised $650 million for its two natural capital funds.
COP15: What financial institutions want
Before the COP15 biodiversity conference opens this week, Thomas Cox rounds up what financial experts expect from the event
Agreement reached on $250m-300m deal to close Indonesian coal plant
A memorandum of understanding (MOU) has been signed to explore the early retirement of an Indonesian coal-fired plant, the first such agreement to be reached under the country's pioneering Energy Transition Mechanism (ETM).
COP27 showing 'no clear pathway' on progress yet
As the COP27 climate summit reaches the half-way point, there is "no clear pathway" to success and no certainty a 'cover document' for the event will be agreed, HSBC has warned.