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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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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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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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L&Q faces SLB coupon 'step-up' on target miss
25 March 2024UK social housing charity London & Quadrant (L&Q) said it was "likely to miss" a greenhouse gas (GHG) emissions target linked to its ground-breaking sustainability-linked bond (SLB), triggering an additional £3 million ($3.8 million) of coupon payments.
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SLB step-ups a long way from being financially punitive, says Barclays
25 March 2024The penalties for missing the targets set by sustainability-linked bonds (SLBs) would have to be at least 10 times what the market currently offers to be big enough to incentivise companies to change their behaviour, Barclays has argued.
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Sustainability-linked bond issuance limps into 2024
25 March 2024Sustainability-linked bond (SLB) issuance has had its weakest start to a year since the publication of principles boosted the market in 2020, according to Environmental Finance research.
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French companies sound alarm at 'greenwashing' in ESMA sustainability enforcement rules
22 March 2024The French Association of Large Companies (AFEP) has voiced concern that draft rules for regulators enforcing the disclosure of sustainability-related information will too strictly police perceived 'greenwashing' and be complex to apply.
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Morningstar launches innovative transition indexes
21 March 2024Morningstar has launched a series of transition indexes it hopes could prove a turning point for the integration of climate considerations in investors' equities allocations.