News

Santander, Exxon, BlackRock join forces on carbon accounting

A group of major banks and businesses have announced plans to develop a "more accurate" carbon accounting framework, describing it as "the holy grail".

G7 DFI sets up private sector-backed council for EMDE infra funding

The founding members of the G7 Development Finance Institutions' (DFIs) 'infrastructure investment council' have been named, led by FinDev Canada.

VPN issues first Australian Taxonomy-aligned green bond

Victoria Power Networks (VPN) has raised AUD750 million ($487 million) from the first green bond to be aligned with the recently published Australian Sustainable Finance Taxonomy.

LOIM brewing sustainable coffee fund

Lombard Odier Investment Managers (LOIM) is mulling the launch of a number of regenerative farming funds, including one focused on sustainable coffee, Environmental Finance has learned.

People Moves, 17 October: Church of England Pensions Board; Osmosis; Van Lanschot Kempen Investment Management ... and more

Fed, FDIC among US agencies to ditch 'distracting' US climate risk principles

Principles to help financial institutions manage climate-related risks have been rescinded by federal regulatory agencies including the Federal Reserve, marking the latest in a wide-ranging rollback of sustainability-related policies under the presidency of Donald Trump.

Debut Banco BPM 'EuGB' almost five-times oversubscribed

Banco BPM has raised €500 million ($584 million) from its inaugural 'European Green Bond' (EuGB), becoming the first Italian lender and only the second in Europe to use the 'gold standard' label.

Cut-back EU ESG ratings regulation still disadvantages smaller providers, EthiFinance says

Steps to simplify the EU's ESG ratings regulation do not go far enough to assuage worries the rules will disadvantage smaller providers and drive market share to larger, often non-EU ratings providers, EthiFinance has said.

Landshypotek raises SEK6bn from first bond under new framework

Sweden's Landshypotek Bank has raised SEK6 billion ($635 million) from the first covered bond to be issued under its recently updated green bond framework.

Webinar: Middle East poised for sustainable finance growth, says Emirates NBD

The Middle East is set for another strong year of sustainable bond issuance as more issuers and investors embrace sustainability within their business models, according to Emirates NBD.