News

CA-CIB issues debut 'Sustainability-linked Loan Bond'

French lender Crédit Agricole Corporate & Investment Bank (CA-CIB) has launched a JPY3 billion ($19 million) bond focused on financing a portfolio of sustainability-linked loans (SLLs) following a detailed set of 'best-in-class' practices.

People Moves, 19 July: JP Morgan, Lightrock, Ambienta, PCAF, Co-Labs & Phenix

Masdar raises $1bn from second green bond

United Arab Emirates (UAE) renewable energy firm Masdar has raised $1 billion from its second green bond, a year after the state-owned firm made its green bond debut.

Solar power has a bright future, but factor in climate change, says Swiss Re

Solar operators, investors and insurers must "carefully consult" climate change scenarios to fully understand the future risks and opportunities from solar energy, according to Swiss Re.

Von der Leyen wins re-election with pledge to 'stay the course' on Green Deal

Ursula von der Leyen has won re-election as president of the European Commission, pledging to "stay the course" on the European Green Deal she helped forge in her first term at the helm and set a tough new emissions reduction target.

Central banks battling 'major data challenges' on nature, warns FSB

Central banks and regulators' attempts to understand nature risks are being hindered by "major data and modelling challenges", the Financial Stability Board has warned.

S&P extends 'shades of green' to transition plan assessments

S&P Global Ratings has extended its 'shades of green' methodology for judging labelled bonds to assess the credibility of companies' climate transition plans, with the launch of a product it said would help companies attract "transition finance".

CBI certification 'very difficult' for Japanese transition bonds

Japan has confirmed it is not looking to certify its upcoming transition bonds with the Climate Bonds Initiative (CBI) due to challenges posed by its diverse framework, including around funding innovative start-ups.

UNEP FI launches resources for banks to benefit from the circular economy

The UN Environment Programme Finance Initiative (UNEP FI) has launched a series of resources designed to help banks and clients implement circularity within their businesses and portfolios.

US banks 'concerned' Basel climate scenario work could affect capital adequacy ratios

An influential group of some of the US' biggest banks has said it is "concerned" that work by the Basel Committee could prematurely lead banking supervisors to change capital adequacy requirements based on the results of climate scenario analysis.