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ESMA: Enhance transition finance to prevent greenwashing
02 June 2023The European Securities and Markets Authority (ESMA) has recommended that the EU consider sharpening up recognition of 'transition' finance and better align legislative use of what constitutes 'significant harm' in order to prevent 'greenwashing'.
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Nigerian sovereign green bonds come under IEA scrutiny
31 May 2023The International Energy Agency (IEA) has raised concerns that shortfalls in the Nigerian sovereign green bond programme could undermine international investor confidence in emerging market green bonds.
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China legacy green bond 'common ground taxonomy' relabelling due soon
26 May 2023The China Green Finance Committee is preparing to publish its methodology for relabelling existing Chinese green bonds as being in alignment with the 'common ground taxonomy' (CGT) in a "couple of months' time".
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Sustainable bond market risks fragmentation amid 'regulatory overload'
25 May 2023By Ahren Lester at the ICMA AGM in Paris
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EU database for sustainability information to cover green bonds
24 May 2023Plans to create a free-to-use database of EU sustainability disclosures passed a key milestone, after politicians struck an agreement on its development which will extend its coverage to include green bonds.
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Ground-breaking PRI sovereign investor engagement initiative expands
24 May 2023More investors have been asked to join a ground-breaking collaborative fixed income investor engagement initiative for sovereign issuers coordinated by the UN Principles for Responsible Investment (PRI).
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ELFA, ICMA publish high-yield SLB guidance to 'enhance effectiveness'
23 May 2023Recommendations have been published to "enhance the impact and effectiveness" of the high-yield sustainability-linked bond (SLB) market, after areas of "unique" inconsistency and inadequacy were identified.
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'Huge opportunities' for gender-focused corporate sustainable bond growth
22 May 2023Luxembourg Stock Exchange (LuxSE) said there are "huge opportunities" for growth in gender-focused sustainable bond issuance, especially for corporate bonds, as markets increasingly look for instruments tied to "tangible and positive impacts".
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German green bond offers 'slender' greenium
19 May 2023The €5.25 billion ($5.7 billion) German green bond was issued with a 'greenium' of just half a basis point (bp), which Bloomberg said was significantly smaller than previous green bonds from the country.
- ESMA: Enhance transition finance to prevent greenwashing
- Biodiversity funding database FIRE prepares for launch
- Largest asset manager ESG funds oppose biodiversity proposals
- Voluntary carbon markets not "going to be perfect", says VCMI
- 'Ground-breaking' CSDDD rule secures European Parliament approval
- People moves, 2 June: including BNY Mellon, GIIN, TNFD ... and more.
- Swedbank invests in biodiversity credit pilot and says market could exist in a year
- Electrification: The biggest opportunity in the history of capitalism?
- ESMA, EIOPA: Regulatory frameworks causing greenwashing
- Jefferies: Investors need better water dependency data

Sustainability-linked bond KPI's in 2023
The chart depicts sustainability-linked bond KPIs in 2023 so far. There has been a total of 51 sustainability- linked bonds issued this year from 26 different countries. Their total value amounts to $27.3bn. Issuers have used 20 different KPIs for their issuances. The most used KPI is ‘Absolute carbon/GHG emissions – Scope 1’ with 27 instances. Followed by ‘Absolute carbon/GHG emissions – Scope 2’ with 22 cases while ‘Absolute carbon/GHG emissions – Scope 3’ and ‘Carbon/GHG emissions intensity – Scope 1’ was used as a KPI 9 times each. In 2023, Enel was the first issuer to introduce a KPI that is linked to the EU taxonomy.
For comprehensive data on all green, social, sustainability and sustainability-linked bonds and loans, please visit EF Data. For more information, a demo or a free trial please contact scott.davis@fieldgibsonmedia.com