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Reliance on taxonomy would be ill-advised in overhauled SFDR, ICMA tells EU
25 March 2025The EU has been warned against a 'potentially reductionist approach' overly relying on its taxonomy at the expense of the theme of transition in an overhauled Sustainable Finance Disclosure Regulation (SFDR) by the International Capital Market Association (ICMA).
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SLBs: 'Flight to quality' amid complexity challenge could be a positive
12 February 2025The underappreciated complexity of the sustainability-linked bond (SLB) has played a major role in the issuance decline in recent years, but...
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Webinar: Vague definition of greenwashing deters 'transition' finance
29 October 2024The growth of 'transition' finance is being held back by fears among debt issuers of being accused of greenwashing - a situation exacerbated by national regulators failing to clearly define what constituted greenwashing, a webinar hosted by Environmental Finance heard.
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ICMA: Sustainability-linked commercial paper 'existentially challenging - but exciting'
15 October 2024The International Capital Market Association (ICMA) hopes its observations on the difficulties in identifying "best practice" on structuring sustainability-linked commercial paper (CP) will help focus the market on how to get the "existentially challenging" product viable at scale.
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ICMA Principles to prioritise work on transition, sustainable fintech
10 October 2024The executive committee (ExCom) of the International Capital Market Association (ICMA)-administered Principles has introduced financial technology (fintech) and digitalisation as a key priority for its work over the next year...
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ICMA 'best practice' sustainable commercial paper guidance 'positive step' for market
08 October 2024The International Capital Market Association (ICMA) has published an initial "best practice" report on the growing €300 billion ($330 billion) sustainable commercial paper (CP) market, with hopes that the additional guidance can help stimulate greater interest in the instruments.
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Hong Kong publishes ESG ratings and data code of conduct
03 October 2024Hong Kong has followed jurisdictions including Japan and the UK in publishing a code of conduct for ESG ratings and data, covering aspects such as transparency of methodologies and avoiding potential conflicts of interest.
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ICMA sustainable commercial paper guidance expected in 2024
16 August 2024The International Capital Market Association (ICMA) is expecting to publish long-awaited guidance on issuing sustainable commercial paper (CP) by the end of 2024 as interest in the instrument grows.
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Putting transition plans to the test: Sustainable Fitch
16 August 2024Investors face a tough task scrutinising corporate transition plans - but an increasing number of tools promise to help. In the third article in a series, Michael Hurley examines Fitch's Transition Assessment
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Investors have 'strong preference' for Capex over Opex in sustainable bonds
17 July 2024Fixed income investors still have a "strong preference" for sustainable bonds focused on capital expenditure (Capex) rather than operational expenditure (Opex), according to a survey by the International Capital Market Association (ICMA).