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$4trn outstanding sustainable bond milestone crossed
09 February 2024The sustainable bond market has crossed the $4 trillion outstanding issuance milestone, according to Environmental Finance Data - but a maturing market could slow progress towards the next trillion.
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Investors urge Exxon to drop 'silencing' climate action lawsuit
09 February 2024Investors have urged ExxonMobil to drop a lawsuit against shareholders who filed a resolution calling on the oil major to set more ambitious emissions reductions targets.
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Deforestation overtakes climate change as LGIM's biggest engagement topic
09 February 2024Legal & General Investment Management (LGIM) has launched a nature strategy and revealed that deforestation became its engagement theme in the final quarter of 2023.
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'Sleeping' sustainability-linked leveraged loans 'need to be stamped out'
09 February 2024The unwelcome resurgence of 'sleeping sustainability-linked' leveraged loans - which are signed before key sustainability provisions are finalised - needs to be "stamped out" in 2024, according to Fitch Solutions-owned Covenant Review.
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PFZW divests from Shell, BP and Total, blaming slow transition
09 February 2024Dutch pension fund PFZW has divested from 310 oil and gas companies - leaving just seven in its portfolio, as it refocuses on companies "improving the climate and the energy transition".
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Hong Kong raises $750m from second 'digital' green bond
08 February 2024Hong Kong has raised more than $750 million from a multi-currency green bond, issued in digital format using blockchain technology.
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Japan confirms ground-breaking 'transition bond' debut next week
08 February 2024Japan is going to raise around JPY800 billion ($5.4 billion) from its ground-breaking debut 'climate transition' bond (CTB) next week, becoming both the sovereign to use the 'transition' bond label.
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$1trn, again: Record sustainable bond issuance forecast for 2024
07 February 2024Sustainable bond issuance is forecast to see $1 trillion dollar of issuance in 2024, for the first time since the record-breaking total in 2021, according to Environmental Finance Data (EF Data).
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'Pretty poor' 2023 for sustainability-linked leveraged loans
07 February 20242023 was a "pretty poor" year for European sustainability-linked leverage loan deals as borrowers and investors avoided the instrument, according to Fitch Solutions-owned Covenant Review.
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Sustainable bond fund universe expands to more than 100
07 February 2024A spate of fund launches pushed the number of vehicles specialising in labelled sustainable bonds past the 100 mark, research by Environmental Finance has revealed.