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Japan not currently seeking CBI certification for next transition bond
05 July 2024Japan is not currently looking to secure Climate Bonds Initiative (CBI) certification for its transition bond issuance later in July. This follows the sovereign stepping back from the certification process for its third deal in May.
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Debut Deutsche Bank social bond 13-times oversubscribed
04 July 2024The debut €500 million ($537 million) social bond from German lender Deutsche Bank was more than 13-times oversubscribed by investors, feeding expectations the major green bond issuer will also become a regular in the social bond market.
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BlackRock offers European funds greater climate voting ambition
03 July 2024BlackRock has published guidelines for many of its European funds that base voting decisions on an assessment of company alignment with a 1.5°C scenario - contrasting with its global 'benchmark' policies that demand less climate information.
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'The blue economy today is where AI was three to five years ago'
03 July 2024There is a "massive dearth" of funding for the blue economy, beyond early-stage investment, a venture capitalist has warned, but he maintained the theme is set to boom.
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Turkish snack firm Ulker issues $550m sustainability-linked bond debut
02 July 2024Turkish biscuit and chocolate maker Ülker has raised $550 million from its debut sustainability-linked bond (SLB).
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CPP says lack of interim net zero target helps it make transition investments
02 July 2024CPP Investments has committed to reduce its emissions to net zero by 2050, but has declined to set an interim target, arguing this allows it to invest in high-emitting companies to help them transition.
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Japan: Australia 'should have issued a transition bond'
02 July 2024A senior Japanese government official said Australia should have pursued a 'transition bond' label for its sovereign sustainable bond programme as a way of encouraging key hard-to-abate sectors to start seriously thinking about their own transition.
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CA100+ loses support from two more US asset managers
01 July 2024US-based AllianceBernstein and Allspring have become the latest asset managers to quit the Climate Action 100+.
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New ICMA metrics could help 'accelerate' biodiversity finance
01 July 2024An influential list of key performance indicators (KPIs) deemed appropriate for structuring sustainability-linked bonds (SLBs) has been updated - with the newly added metrics dominated by biodiversity-related datapoints, reflecting keen investor interest in the theme.
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'Greenwashing' is the 'Loch Ness monster' of the green bond market
01 July 2024A veteran green bond market participant said 'greenwashing' was not really present in the green bond market despite substantial hand-wringing around the topic.