News

Massive 'Kellanova bond' offers Mars investors 'significant impact potential'

The $26 billion bond issuance by US confectionery and pet food firm Mars to finance its acquisition of cereal and snacks maker Kellanova offers investors the opportunity to "drive progress at pace" around sustainability impact, especially around deforestation commitments.

People Moves, 7 March: Sustainalytics; Rebalance Earth; Puro.earth ... and more

US withdraws from JETPs in Indonesia, South Africa and Vietnam

The US has withdrawn from Just Energy Transition Partnerships (JETPs) in South Africa, Indonesia and Vietnam, leaving the blended finance initiatives facing large holes in their finances and with questions surrounding the future of JETPs.

Microsoft signs another carbon credit deal

Microsoft has agreed to purchase 1.5 million tonnes of carbon removal credits over 30 years from a Climate Impact Partners afforestation project in India.

Investors 'will continue' to push BP for climate plan clarity despite rejection

Investors who urged BP to give shareholders a 'say on climate' will continue to push the company for clarity on the issue, despite BP ignoring their pleas to do so at its annual general meeting on 17 April.

Sustainable Bonds Insight 2025 published

The sustainable bond market recorded just over $1 trillion in issuance during 2024, setting the stage for cumulative issuance to reach $6 trillion in 2025, according to the latest Sustainable Bonds Insight.

FCA should provide clearer guidance on 'Mixed Goals' and 'Improvers', urges UKSIF

The Financial Conduct Authority (FCA) needs to provide investors with clearer guidance on two of its labels, under the Sustainability Disclosure Requirements (SDR) regime, UK Sustainable Investment and Finance Association (UKSIF) has urged.

Corporates need to start thinking about offsets now, says Aberdeen

Corporates have been too focused on decarbonisation of their operations and are not thinking enough about the future costs of carbon offsets, investor Aberdeen told an Environmental Finance conference. as it bets on increasing carbon prices in its own strategy.

KHNP issues first 'nuclear' green bond in Asia

Korea Hydro and Nuclear Power (KHNP) has raised HKD1.2 billion ($154 million) from a "landmark" green bond focused on nuclear power projects, as the challenging low-carbon energy source continues to establish itself in green bond markets.

Amundi launches low duration Euro sovereign green bond tilted ETF

French asset manager Amundi has launched a ground-breaking, passively managed low duration European sovereign green bond exchange-traded fund (ETF).