EU's riposte to US green subsidies greeted with cautious praise
An initiative by the European Commission designed to secure its domestic supply chains for green technologies has been greeted with cautious praise by industry representatives.
Moody's: Sustainable bonds to secure 'record' 15% market share in 2023
Moody's Investors Service said a fresh trillion-dollar record for sustainable bond issuance in 2023 is "unlikely," but sustainable bonds are forecast to surpass their record-breaking market share set in 2022
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.
Insurers reconsidering coverage of catastrophe risk in US
Moody's: ESG-driven credit risk will accelerate in 2023
Moody's Investors Service said credit risk related to environmental, social and governance (ESG) factors is set to grow in 2023, including because of rising scrutiny of company decarbonisation plans.
COP15 agreement 'significant,' but credit impact depends on implementation
Moody's Investors Service said the UN COP15 biodiversity summit agreement is a "significant milestone" considering the extent of natural capital risk in debt markets,...
M&G, Moody's chair UK ESG data and ratings code of conduct body
The UK Financial Conduct Authority (FCA) has convened a working group to develop a 'significant' voluntary code of conduct for ESG data and ratings providers, which will be co-chaired by M&G and Moody's.
COP27 agrees loss and damages fund, and need to 'transform' financial system
The COP27 talks have ended with a ground-breaking agreement to set up 'loss and damages' fund, but failed to make the strong progress in tackling emissions that many had hoped for.
Natural capital regulation may heighten credit risk, says Moody's
Growing momentum behind action to preserve nature will likely drive the development of regulatory frameworks that could expose companies and investors to heightened credit and reputational risk...