News

FCA proposes cuts to UK financial institution climate reporting rules

UK financial institutions would have to report less information on climate-related risks under proposals by their regulator to replace rules based on the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

MTR: Record 2026 green bond issuance extends with Euro debut

MTR has raised €3 billion ($3.5 billion) from its debut Euro-denominated green bond, as the Hong Kong-based transport firm extends its record-breaking issuance in 2026.

Singapore key testing ground for ISO transition plan rules, Fidelity says

Transition planning expectations set by Singapore's financial regulator will be a key test of the world-first international transition plan standard, according to Fidelity International.

Second Latvian sustainability bond 2.4 times oversubscribed

Latvia has raised €1 billion ($1.2 billion) from its second sustainability bond, almost five years after its debut, with the seven-year deal attracting an orderbook in excess of €2.4 billion.

Up to 450 US companies to report impacts under non-EU ESRS, says EFRAG

As many as 450 US companies are set to be in scope of EU rules that will require them to report their sustainability impacts, according to estimates by the European Financial Reporting Advisory Group (EFRAG).

Environmental crime 'a significant financial risk', says TNFD

Xylem achieves 'blueium' as investors seek water exposure

US water technology company Xylem's inaugural blue bond was over 10 times oversubscribed, highlighting growing investor interest in water-focused sustainable finance.

'Greenium is back' for Japanese sovereign transition bonds

The latest transaction in the Japanese 'climate transition' bond (CTB) programme suggests a "meaningful pocket of investor demand" for the instrument after a 'greenium' once again returned to the pioneering sovereign structure.

Exemption for asset managers in ESRS 'creates a reporting vacuum'

The EU risks creating a "reporting vacuum" that undermines investors' data needs if it proceeds with a proposal to exempt asset managers' reporting under the Corporate Sustainability Reporting Directive (CSRD), observers warned.

'Much better' investor demand for sustainable bonds persists

Strengthening interest among investors to increase their investment in labelled sustainable bonds despite plateauing issuance has ensured the asset class is attracting "much better execution dynamics".