News

Barclays: 'Surprising' rise in principal repayment penalty SLBs

There has been a "surprising" increase in the use of penalties applied to the principal repayment at maturity for sustainability-linked bonds (SLBs), according to Barclays - a move that it said could make the struggling instrument "less appealing" to investors.

Sustainable debt round-up: IBRD, Canada, Health & Happiness ... and more

COP16: $2.5trn investor group urges governments to step up on biodiversity

Investors representing $2.5 trillion assets under management have urged governments to take more ambitious action on biodiversity at COP16, including introducing mandatory nature disclosures.

Asset managers told to sober up from 'drunken search' for value of engagement

Asset managers have been urged to focus on improving how they articulate the intentions and outcomes of engagement or face feeding "concerns that sustainability investing does little to change firm behaviour".

Clear communication paramount for impact manager selection, says pension fund

Investors that can demonstrate 'a combination of communication and investment' priorities will stand out for pension funds selecting fund managers awarding sustainability-focused investments mandates, Ahold Delhaize's pension fund has suggested.

COP16 breakthroughs on financing 'unlikely', warns BloombergNEF

COP16 is unlikely to "deliver breakthroughs" on financing the Global Biodiversity Framework, BloombergNEF has warned, over concerns about mobilisation and accounting.

Biodiversity funding gap increases to $942bn

The biodiversity funding gap has widened to $942 billion, with private finance activity also taking a downturn, according to new research by BloombergNEF.

Barclays: Jury still out on El Salvador's $1bn debt-for-nature swap

"Additional scrutiny" of the quality of El Salvador's $1 billion debt-for-nature swap is "warranted", Barclays has said.

Impact assets top $1.5trn, says GIIN

Lack of update on UK taxonomy raises concerns it has been shelved

The repeated failure by successive governments to reveal details of its proposed UK 'green' taxonomy has contributed to fears that the incumbent Labour Party has de-prioritised it and is instead focusing on devising transition plan disclosure requirements.