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10% of sustainability-linked bonds 'not aligned' with ICMA principles, says Fitch
29 November 2023One in ten of the sustainability-linked bonds (SLBs) rated by Sustainable Fitch are "not aligned" with the widely accepted principles administered by the International Capital Market Association (ICMA), almost four-times the level for green, social and sustainability bonds.
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Innovative $1bn 'blended finance' SDG loan fund launched
29 November 2023Allianz Global Investors (Allianz GI) and FMO Investment Management (FMO IM) have launched a UN Sustainable Development Goal (SDG)-aligned loan fund after successfully mobilising $1.1 billion for the innovative public-private investment fund.
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NBIM plans $70bn sustainable private equity investment expansion
28 November 2023Norges Bank Investment Management (NBIM) is proposing updating the investment strategy for the NOK15.6 trillion ($1.46 trillion) Norwegian sovereign wealth fund to include net zero-aligned unlisted equity investments.
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Bank of Ireland eyes expansion after sustainability-linked farmer loan launch
27 November 2023Bank of Ireland has officially launched its sustainability-linked loan programme for farmers who supply Kerry Dairy, as Ireland's largest agriculture lender prepares to roll it out to more than 20,000 farmers in 2024.
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S&P: Physical climate risk could reduce global economy by 4.4% a year
27 November 2023Physical climate risks are likely to become more material to S&P's sovereign rating analysis, the rating agency says. Ahren Lester reports
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'Paris-aligned funds are not transition funds'
24 November 2023A sustainable bond investor has argued that clients need to decide whether they want a 'Paris-aligned' fund or a 'transition' fund, emphasising that they are "completely different" ...
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SGX: 'Uneven' Singapore climate disclosures a 'reality check'
23 November 2023Climate-related disclosures by Singapore-listed firms remain "uneven" after the recent roll-out of requirements by the Singapore Exchange (SGX), but the stock exchange hopes data from the first round of reporting will spur improvement.
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Altius plans Australian green bond fund relaunch amid sovereign bond excitement
23 November 2023Altius Asset Management (Altius AM) is planning to relaunch its AUD190 million ($125 million) Australian green bond fund in 2024 amid a "step-up" in interest in the market as the Australian government prepares its own green bond debut.
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Argentina issues debut sustainable bond amid future doubts
22 November 2023Argentina has raised ARS44.3 billion ($125 million) from its debut sovereign sustainability bond, but doubts have been raised about the prospects for further issuance amid a change of government.