LSE launches first dedicated transition bond segment
The London Stock Exchange (LSE) has launched a dedicated transition bond segment to its sustainable bond market (SBM), in a move it is believed makes it the first exchange to do so.
ESG in Fixed Income Europe 2020 conference: Day one round up
The annual conference is being held virtually this year and attracted over 600 delegates on its first day
Defining transition finance: how to be inclusive yet specific
Transition finance has garnered a lot of attention, but the challenge of delineating what exactly it is remains unresolved. Three recent reports try to balance the need for the definition to be both broad enough to be inclusive, yet specific enough to protect the instruments from claims of greenwashing. Ahren Lester reports.
Basic definition essential for transition bond issuance, says ISS ESG
The market does not have to 'reinvent the wheel' on the structure of transition bonds to support future issuers, ISS ESG tells Ahren Lester, but a clear definition of what activities demonstrate 'transition' is essential for this potentially large market to grow
ISS ESG launches transition bond second party opinion service
ISS ESG has updated its second party opinion (SPO) methodology to support issuers of transition bonds ahead of guidance being published later in 2020.
Snam issues maiden €500m 'transition' bond after 'climate action' criticism
Italian energy infrastructure firm Snam has raised €500 million ($567 million) through its inaugural 'transition bond' to finance or refinance energy transition projects, just over a year after its 'climate action bond' attracted controversy.
Green bond comment September: Are stringent standards a good thing?
Heads were turned when it was recently revealed that just 17% of the market value of bonds contained in the Bloomberg Barclays MSCI Green Bond Index would meet the proposed EU Taxonomy criteria – and thus be eligible to be verified in line with the EU Green Bond Standard (GBS).
BAML reveals thoughts on transition bonds
Bank of America Merrill Lynch (BAML) has weighed in on the debate about the creation of a new market for transition bonds, suggesting that at least a quarter of the proceeds of bonds bearing this label should be used to finance green assets or projects.