News

Only a fifth of SLBs 'aligned' with CBI methodology

Climate Bonds Initiative (CBI) said just 18% of all sustainability-linked bonds (SLBs) issued to date are aligned with the methodology published by the influential not-for-profit.

COP16 to reconvene to sort 'unfinished business'

The Convention on Biological Diversity has announced that it will reconvene the COP16 biodiversity talks in February to finalise "unfinished business", including finance.

ISSB to develop nature standard, board member says

A member of the International Sustainability Standards Board (ISSB) has said he expects a standard on nature to be developed in "due course".

Standard Life pension fund is 'first' to go all-in on UK SDR

Standard Life says its default pension scheme will become the "first" to align with the UK's Sustainable Disclosure Requirements (SDR), as it intends to allocate its capital to eight funds adopting the 'Sustainability Improvers' label.

BNP Paribas: We need more Asian banks to issue transition bonds

The market needs more Asian banks to issue transition bonds, to both test investor confidence in the instrument as well as help rapidly scale access to transition finance in hard-to-abate sectors, according to BNP Paribas.

Texas sues BlackRock, State Street and Vanguard over ESG strategy on coal

Texas' Attorney General has sued BlackRock, State Street Corporation, and Vanguard Group, alleging they were "conspiring to artificially constrict the market for coal through anticompetitive trade practices" relating to their ESG strategies.

Guarantco guarantees catfish bond

GuarantCo has provided a guarantee for green bonds issued by a Vietnamese catfish producer.

Asset owners need to start throwing their weight around, says UKSIF

Asset owners need to use their influence to encourage long-term climate action, the UK Sustainable Investment and Finance Association (UKSIF) has said, calling for more "systemic stewardship".

Barclays begins stress-testing for nature

Barclays has begun piloting nature stress testing as part of a drive to better understand its environmental risks.

Sustainable debt round-up: Bumper week of issuance including two SLBs