'Big four' sustainable finance SPO providers emerge in 2023
Sustainalytics, S&P Global Ratings, ISS and Moody's have emerged as the 'big four' second-party opinion (SPO) providers in the sustainable finance market in 2023, but the race for market share has tightened as the sector matures and consolidates.
Three new biodiversity funds launched in Q4
Three new biodiversity funds were launched in the final quarter of 2023, taking total number to 19, according to research conducted by Environmental Finance.
Gresham House launches biodiversity credit fund
Gresham House has launched a fund, targeting a £300 million fundraise, which will generate revenues by selling England's new mandatory biodiversity credits.
ICMA encourages 'early adoption' of transition plans as it unveils framework
The International Capital Market Association (ICMA) has encouraged the "early adoption" of transition plans by companies, publishing a report which identifies three types of transition and provides an integrated transition plan framework.
Eskhata Bank secures first green bond in Tajikistan
Eskhata Bank has raised the equivalent of $10 million in local currency from its debut green bond, which is the first sustainable bond issued in Tajikistan.
BlackRock acquires shares in largest wind farm in Africa
The Danish Climate Investment Fund has sold its stake in Lake Turkana Wind Power to a BlackRock-managed vehicle.
Emerging markets to increasingly tap sustainable bond market in 2024, says S&P
Emerging markets could increasingly access the labelled bond market in 2024, S&P Global Ratings predicted, despite moderate growth being forecast for the market as a whole.
Goldman Sachs launches €10m green bond ETF
Goldman Sachs Asset Management (GSAM) has launched its first dedicated green bond exchange traded-fund (ETF), adding the first passively managed product to its green bond fund range.
'Reasonable' greenium for landmark Japan transition bond
Japan's ground-breaking climate transition bond (CTB) secured a "reasonable" greenium, and it is preparing to return to the market at the end of March with a two-year bond to complement the existing five-year deal.
JETPs suffer from "insufficient new finance"
There are "insufficient quantities" of new finance for Just Energy Transition Partnerships (JETPs), the Rockefeller Foundation has said, warning that the current structure faces "significant challenges".