News

FAB issues 'milestone' HKD390m 'blue bond'

First Abu Dhabi Bank (FAB) has become the first Gulf bank to issue a 'blue bond', describing the HKD390 million ($50 million) deal as a "defining milestone".

Financial institutions urged to help develop nature transition pathways

Financial institutions have been urged by WWF and the Green Finance Institute to help the UK develop nature-positive transition pathways, in a bid to scale up private investment into nature.

Sustainable commercial paper market strengthens as 'appreciation' expands

Interest in sustainable corporate paper (CP) is growing, as issuers, investors and other market participants grow more confident about the valuable role of the short-dated instruments in sustainable finance, according to NatWest.

Pension fund engages on natural capital, readying for 'right time to allocate'

A UK workplace pension scheme is increasingly using natural capital data to engage with asset managers, its responsible investment manager has said.

NZBA halts activity as it calls vote on structure

The Net-Zero Banking Alliance (NZBA) has paused all activity ahead of a member vote on its future structure following the exit of a number of signatories.

German banks propose deleting taxonomy reporting from EU Pillar 3 rules, citing Omnibus

A group representing German banks has called for the deletion of reporting requirements on alignment with the EU taxonomy, under Pillar 3 rules on banks' risk exposures, in a submission to the European Banking Authority (EBA).

Sustainable debt round-up: IBRD, Hydro One and Avanse Finance ... and more

We must simplify how we talk about responsible investing, says Nuveen's O'Brien

The sustainable investment industry needs to drastically change how it communicates with investors as it comes under pressure from ESG sceptics, said Nuveen's global head of responsible investing.

Saudi Awwal Bank launches 'Tier 2' green bond debut

Saudi Awwal Bank (SAB) has launched a debut US dollar-denominated 'Tier 2' green bond amid growing issuance of the regulatory capital instrument in sustainable format.

LifeSight members are 'hundreds of millions' better off due to custom equity index

Members of a £22 billion ($29.6 billion) UK pension scheme are "hundreds of millions of pounds" better off due to a custom equity index that incorporates a multifactor approach, decarbonisation pathway, and climate transition 'value at risk'.