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Issuers worry capex-focused sustainability-linked bonds could 'backfire'
03 April 2024Carbon-intensive issuers are interested in tying sustainability-linked bonds (SLBs) to their 'green' capital expenditure (capex) plans, but are concerned that investors will begin to view these 'double' impact bonds as the only way they can access the market.
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SEC climate rule faces new legal challenge
02 April 2024Two fracking companies have brought a new legal challenge against the Securities and Exchange Commission (SEC)'s climate rule.
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Blurred lines between ESG and Impact need clarification, says Amundi
28 March 2024The sustainable finance industry needs to move away from treating sustainable investing and impact investing as synonymous, Amundi Asset Management has claimed.
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LMA exploring 'transition loan' label as sustainability-linked debt flounders
28 March 2024The Loan Market Association (LMA) is exploring the creation of a label for loans that finance climate transition-themed projects or activities, as it considers how to drive more investment in 'hard-to-abate' sectors.
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Saint-Gobain: EU Taxonomy 'opened green bonds for us'
28 March 2024French construction materials firm Saint-Gobain switched from sustainability-linked bonds to green bonds for its latest sustainable bond deal, after EU Taxonomy-aligned disclosures helped it identify eligible activities.
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Vanguard's Australian arm made 'misleading' ESG claims regarding bond fund, court rules
28 March 2024Vanguard's Australian arm broke the law by "making misleading claims about certain ESG exclusionary screens" applied to investments in a bond index fund, the Australian Federal Court has ruled in a landmark case.
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ASEAN Taxonomy extended to transport, construction and real estate
27 March 2024An update to the Association of Southeast Asian Nations (ASEAN) Taxonomy for Sustainable Finance has seen the ground-breaking 'green' list extended to cover the transport and construction and real estate sectors.
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ESMA launches EU green bond external reviewer consultation
27 March 2024The European Securities and Markets Authority (ESMA) launched a consultation on the draft technical standards it plans to use for the registration and supervision of external reviewers of bonds issued in line with the EU Green Bond Standard (EU GBS).
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'US IRA has worked where taxonomies have not'
27 March 2024A senior banker has argued that the US Inflation Reduction Act (IRA) economic incentive package has delivered real climate-focused financial flows in a way that 'green' taxonomy-focused approaches have not.
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Financial institutions have high exposure to companies with transition potential, central bank says
26 March 2024French financial institutions are highly exposed to corporates with the potential to meet the criteria of the EU sustainability taxonomy, research by the Banque de France says.