News

Investors pay-up for Ecobank's $450m African 'nature bond'

Ecobank has priced a $450 million 'Sustainable Agriculture & Natural Capital Bond', which was upsized and saw pricing tighten as a result of "exceptional demand".

'Big appetite' for financing transition and climate risks, says Aon

While physical climate risk keeps many company chiefs up at night, there is a growing appetite among insurers to finance such risks, according to broker Aon.

BlackRock drops sustainability from $476m Article 8 fund

BlackRock has removed all ESG commitments for the $476.3 million Sustainable Global Dynamic Equity Fund, which will be renamed and reclassified under the EU's Sustainable Financial Disclosure Regulation (SFDR).

India's SEBI proposes regulation tweak to support muni sustainable bonds

The Securities and Exchange Board of India (SEBI) has proposed a regulatory amendment to help Indian local government issuers to raise funds through sustainable bonds.

ISSB to ask for nature scenario disclosure

The International Sustainability Standards Board (ISSB) has agreed to include some disclosure requirements on nature scenario testing, but fell short of explicitly requiring testing to be carried out, arguing that it is not "the Holy Grail".

International carbon credits can be used for CBAM compliance, draft rules say

Importers would be able to claim reductions to payments under the EU's Carbon Border Adjustment Mechanism (CBAM) based on purchases of domestic and international carbon credits, under draft rules published by the European Commission.

'Cyber and supply chain security could find their way into sustainable debt'

Greater defence investment in the Middle East is unlikely to influence growing sustainable debt markets in the region, but cyber and supply chain security and resilience could find a foothold.

Ireland: €2bn sovereign green bond tap 17-times oversubscribed

The €2 billion ($2.3 billion) tap of an Irish sovereign green bond has attracted an orderbook in excess of €35 billion amid "strong demand" from more than 200 investors.

DNB's Sleijpen appointed chair of NGFS

Olaf Sleijpen has been appointed chair of the Network for Greening the Financial System (NGFS), to succeed the current chair Sabine Mauderer from July.

Video: Rahul Ghosh on the changing sustainable debt landscape