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Record orderbook for $6.5bn World Bank sustainable bond
21 August 2024The World Bank secured more than $22 billion in orders for its $6.5 billion dual-tranche Sustainable Development Bond (SDB), which the development bank said was the largest orderbook it has secured to date.
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NIB closes in on record green bond issuance as framework update looms
21 August 2024Nordic Investment Bank (NIB) is on track for record green bond issuance in 2024 following the latest deal from the long-standing issuer, with its updated framework also expected in the "coming weeks".
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Rise of climate obfuscation in proxy season is concerning trend, Schroders says
21 August 2024The latest proxy season saw a concerning rise in the number of companies resorting to litigation to block climate-related shareholder proposals and removing the opportunity to vote on their transition plans, Schroders has said.
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Commonwealth islands report calls for new sustainable finance approach
21 August 2024A study by small island developing states (SIDS) within the Commonwealth of Nations have underlined the need for new approaches and structures to attract sustainable finance, highlighting their considerable nature-based assets.
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Appetite from banks for energy generation solutions in the rise, says Sosteneo
21 August 2024The appetite from banks to lend against energy generation projects is set to rise as they seek guaranteed returns from energy transition-focused allocations, an investor has claimed.
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Mining set to benefit from 'significant' ICMA 'green enabling' update
20 August 2024The International Capital Markets Association (ICMA) guidance on eligible 'green enabling' projects for sustainable bonds is a "significant expansion" of use-of-proceeds, according to Sustainable Fitch- with mining projects set to particularly benefit.
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Nature targets don't make sense, says Stewart Investors
20 August 2024While it is taking biodiversity further into account during investment decision-making, Stewart Investors has said it will not set specific targets or consider it as a standalone investment theme.
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G20 called on to develop 'credible' nature investment products
20 August 2024The UN Environment Programme Finance Initiative (UNEP FI) has called on G20 countries to de-risk nature investments and support the development of biodiversity credits.
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Australia's Commonwealth Bank says it will only finance fossil fuels backed by transition plan
20 August 2024Commonwealth Bank of Australia (CBA) has won praise for saying it will not provide new financing to major fossil fuel companies that do not have a credible climate transition plan.
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Catalysing private investment in UK's transition 'a failing strategy', warns academic
19 August 2024The UK government should stop trying to de-risk private investment, an academic has argued, instead calling for major uptick in government bond issuances to invest in green infrastructure.
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- Sovereign 'tension' with corporate sustainable bond investments needs addressing
- Using the SDGs to invest in sovereign debt
- US-Iran conflict shows NGFS assumptions 'don't hold' amid fragmented transition
- Lloyds launches UK food and nature resilience fund
- Banco BPM enters growing green Tier 2 bond market
- Sustainable debt round-up: BBVA, Iberdrola, Republic of Austria ... and more
- Allianz & Zurich launch blended finance investment company
- 'Paris-aligned benchmarks' out of favour in fragmented transition, Lazard says