News

Franco-German transition plans work can inform credibility assessments, France's IFD says

France's Institut de la Finance Durable (IFD) is preparing a guide to help financial analysts judge the credibility of private sector climate transition plans, which it suggested will build on discussions with a German government-mandated expert group.

G20 agrees to bioeconomy principles

The G20 has agreed to 10 high-level principles which bioeconomy activities are expected to adhere to.

'Unlikely' potential Transition Loan Principles will launch in 2024

The expert taskforce brought together by influential trade associations to look into developing ground-breaking Transition Loan Principles (TLP) is unlikely to publish any guidance before next year.

IFC issues second 'blue'-focused green bond

The International Finance Corporation (IFC) has raised SEK2.6 billion ($252 million) from the second green bond it has issued to promote its 'blue' finance projects amid rising investor interest in sustainable water and ocean-related investments.

EU's von der Leyen calls for a price on nature

European Commission president Ursula von der Leyen has called for a scaling up of nature credit markets, arguing for a system that rewards nature.

People moves, 13 September: SocGen, FTSE Russell, ING and Knight Frank

Fair Reward Framework launches exec pay tool

Asset owner-led Fair Reward Framework has launched a tool that will help investors assess whether FTSE 100 executive pay is 'fair and proportionate'.

Over 100 organisations demand stop to financing of industrial livestock farming

A letter signed by 105 civil organisations has demanded that US banks halt financing of industrial livestock production for its role in fuelling climate change.

Sustainability-linked bond issuance sinks to record low in August

Sustainability-linked bond (SLB) issuance dropped to an all-time monthly low in August as the performance-based instrument struggled to attract issuers amid ongoing credibility concerns.

Carrefour raises €750m from sustainability-linked bond

French supermarket chain Carrefour has raised €750 million ($827 million) from its sixth sustainability-linked bond but has dropped its well-received Scope 3 emissions target.