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People Moves, 26 July: Greenbank, Moody's LSEG, Cbus ... and more

Putting transition plans to the test: Moody's

Investors face a tough task in scrutinising corporate transition plans - but an increasing number of products promise to help. In the first in a series, Michael Hurley examines Moody's Net Zero Assessment

Moody's maintains 2024 sustainable bond forecast despite strong start

Moody's has retained its $950 billion sustainable bond issuance forecast for 2024 despite a strong start to the year amid expectations that challenging fixed income conditions will continue to be headwind for the market to reach a new record.

Snam secures inaugural Moody's net-zero plan score

Snam has been awarded the inaugural Moody's 'Net Zero Assessment' (NZA) score, with the Italian energy infrastructure firm praised for its "clear" Scope 1 and 2 emissions reduction plan but was warned of challenging Scope 3 "hurdles".

'Mixed' climate disclosure regulation 'impacting sustainable bond issuance'

Emerging climate disclosure regulations are keeping some issuers "on the sidelines" of sustainable bond markets, according to Moody's Investors Service - but the shift to mandated disclosures should spur more issuance over the long-term.

Moody's: Sustainable bond issuance set to remain 'resilient' in 2024

Sustainable bond issuance in 2024 is expected to remain flat at around $950 billion with growth in green and sustainability bonds expected to offset weakness for social and sustainability-linked bonds, according to Moody's Investors Service.

Moody's: Sustainability-linked bonds face 'pivotal' 2024 as quality concerns persist

2024 could prove a "pivotal" year for sustainability-linked bonds (SLBs) as they continue to demonstrate a sustainability quality gap compared with use-of-proceeds instruments, according to second-party opinion provider Moody's Investors Service.

Moody's: 2023 sustainable bond issuance 'still on track' for $950bn

Moody's Investors Service said annual sustainable bond issuance in 2023 was still "on track" to surpass 2022 levels, with the financial services firm reiterating its $950 billion forecast ahead of the UN COP28 climate summit next month.

'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.

Sustainalytics biggest SPO provider in first half of 2023

Sustainalytics provided the most sustainable finance second-party opinions (SPOs) in the first six months of 2023, whilst Moody's ESG saw its market share jump to become the third largest provider.