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Oil and gas called on to fund tropical forest protection in new mechanism
23 July 2024Resource-intensive sectors have been called upon to fund the protection of tropical forests in the Amazon, Congo region and southeast Asia within a newly designed payment mechanism.
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'Probably the most beautiful bond we have ever seen'
23 July 2024The Anthropocene Fixed Income Institute (AFII) has argued that sovereign issuers should develop a sustainability-linked bond (SLB) in twin-bond format, arguing this would "probably be the most beautiful bond we have ever seen".
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EU banks have already reduced climate risk in response to supervision, say ECB researchers
23 July 2024The European Central Bank (ECB)'s climate-related supervision has already led to an improvement in banks' risk exposure and management, and increased capital allocation towards green finance, according to researchers at the central bank.
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NatWest: Investors 'increasingly' asking for blue and nature bond deals
22 July 2024Investors are increasingly asking NatWest to specifically bring nature-focused and 'blue' bond deals to market, but despite being "meaningful" themes in the sustainable bond market they are still not effectively being pointed out.
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EU GBS: 58% of sustainable bond frameworks since 2023 meet standard
22 July 2024Nearly three-fifths of the green and sustainability bond frameworks published since the start of 2023 'could claim alignment' with the rigorous requirements under the EU Green Bond Standard (EU GBS), according to MainStreet Partners.
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Asset manager neglect of climate adaptation leads Brunel to take engagement 'into own hands'
22 July 2024UK pension pool Brunel has begun an engagement programme with 20 companies in the consumer staples sector asking them to prioritise investment in climate adaptation measures, as it said asset managers were failing to do so.
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Rakbank raises $600m from 'milestone' social bond debut
22 July 2024United Arab Emirates (UAE) lender Rakbank has raised $600 million from its debut social bond, which is the first public social bond issued in the Middle East.
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FRC cuts UK Stewardship Code reporting to 'reduce burden' on signatories
22 July 2024The Financial Reporting Council (FRC) has cut reporting requirements of the UK Stewardship Code, to "provide clarity on areas signatories outlined as challenging to address, reduce the volume of reporting and provide flexibility for signatories in defining how they undertake stewardship".
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Japanese transition bonds likely to 'move closer to green'
22 July 2024The use of proceeds for the ground-breaking Japanese sovereign transition bond programme is likely to become more conventionally 'green' rather than move more into the more contested 'transition' projects, according to the Japan Credit Rating Agency (JCRA).
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'A standard for what good looks like for transition plans would help'
22 July 2024UBS's Judson Berkey has backed the idea of a global standard for transition plans, with the ISSB being a natural home for such a standard.
- Human rights impacts should be part of nature disclosure
- AI data centre sustainable debt spurs innovation - and risk
- 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
- Comment: Please stop talking about David Attenborough
- Sustainable debt round-up: BBVA, Iberdrola, Republic of Austria ... and more
- Lloyds launches UK food and nature resilience fund
- Allianz & Zurich launch blended finance investment company
- Banco BPM enters growing green Tier 2 bond market