Transition

SFDR agreement criticised for allowing fossil fuels in transition funds

EU countries agreed that companies deriving large revenues from fossil fuels could qualify for 'transition' funds under the bloc's flagship Sustainable Finance Disclosure Regulation (SFDR), in move widely criticised by NGOs.

UK urged to launch sovereign transition bond

The Transition Finance Council (TFC) will explore how more transition-related financial products could be launched, a London Climate Action Week event has heard.

Unlikely to be 'universal agreement of credibility' for transition finance

Although the market is unlikely to ever identify a global view around assessing transition finance credibility, Schroders told an Environmental Finance event in Singapore that there is room for focusing on "uniform elements" to apply globally.

Climate 'backlash' shows EU needs principles-based regulation, Mauderer says

The "political backlash" against sustainability-related regulation shows the EU needs to pursue a less detailed framework based on principles, according to a senior central banker.

Transition finance brings complexity to Asia's sustainable debt market

The growing focus on transition finance is bringing complexity to sustainable finance discussions in the Asia-Pacific region, an Environmental Finance conference heard.

Bloomberg-backed group seeks to catalyse national climate platforms

A group launched with the backing of Michael Bloomberg has called for applications for financial support it said could spur national climate 'platforms' in emerging markets and developing economies.

Middle East deal won't pull the plug on electrification drive, says Vontobel

Energy efficiency and electrification will remain dominant themes, even after the Iran-US conflict is resolved, says Vontobel Asset Management, as economies resolve to accelerate the transition to a low-carbon world.

S&P: Current transition label is a 'Version 1.0 transition tool'

The frameworks developed for transition-labelled debt are important 'Transition 1.0' tools, but S&P Global Ratings argues that 'Transition 2.0' tools need to focus on the rate of change and the pricing impact of this.

Political climate apathy means more pressure on private finance - EIB's Calviño

Converging crises that place more emphasis on defence and competitiveness have forced the energy transition into "a new phase" in which there is more reliance on the private sector, the president of the European Investment Bank (EIB) said.

Bank of England adjusts collateral policy to consider climate risks

The Bank of England will no longer accept bonds issued by corporates that derive revenue from thermal coal mining as collateral, as part of wider efforts to 'green' its lending and investments.

Bloomberg expands Transition Toolkit

Permira makes 'transformative investment' in CDP, as it becomes 'commercial entity'

Private equity giant Permira has invested an undisclosed sum in CDP, as the disclosure platform transforms from non-profit to a for-profit organisation.

Better capex data is not a 'nice to have' for investors, webinar hears

While corporate capital expenditure (capex) data offers investors "a clear signal of low-carbon transition credibility", investors are increasingly demanding better data, an Environmental Finance webinar heard.

'Any EU public sector debt to automatically qualify for new SFDR transition label'

EU countries are preparing to recommend allowing general purpose debt issued by EU-based public sector bodies as eligible under the Sustainable Finance Disclosure Regulation's (SFDR) new transition label, according to a leaked draft obtained by Environmental Finance.