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Sustainable Debt Round-up: EBRD, Netherlands, Gunvor ... and more

Financial risk from climate damage may be underestimated by over 80%

Financial losses from climate physical risk could be significantly underestimated, underlining the need for more granular asset-level data in climate risk assessment and stress testing, according to new academic research.

Investors have 'strong preference' for Capex over Opex in sustainable bonds

Fixed income investors still have a "strong preference" for sustainable bonds focused on capital expenditure (Capex) rather than operational expenditure (Opex), according to a survey by the International Capital Market Association (ICMA).

Offset-heavy Eni SLB target 'one to watch' for 2024, says AFII

The surprisingly high use of carbon offsets by Italian oil major Eni in its progress towards its carbon emissions target has created an interesting litmus test for issuer and investor behaviours around sustainability-linked bonds (SLBs),...

Investors need to dive into the nuance of nature and biodiversity, says BNP Paribas

As client interest in nature and biodiversity continues to grow, it is necessary to "go beyond" metrics and stop relying on averages to adequately understand portfolio impacts and opportunities, BNP Paribas has said.

Amundi, LGIM among investors urging government to act on nature

Governments have been urged to take "immediate leadership" on nature and create more facilitatory financial policies in a letter signed by a group of 130 businesses and investors.

BBVA Colombia and IFC launch 'world's first' biodiversity bond

BBVA Colombia and the International Finance Corporation have issued the first tranche of a $70 million bond to address the drivers of biodiversity loss.

Environmental Finance publishes second Sustainable Loans Insight

Environmental Finance has published its Sustainable Loans Insight (SLI) 2024 report, the second edition of its free-to-read sustainable lending analysis and discussion report.

Piecemeal rollback of sustainability rules more likely than review of CSRD, observers say

A full review of the EU Corporate Sustainability Reporting Directive (CSRD) to reduce the reporting burden on corporates is unlikely, but a more politically conservative European Parliament could see a piecemeal rollback of regulations, a lawyer has said.

Climate change adaptation has 'picked up' in sustainable bond market

The identification of 'climate change adaptation' use-of-proceeds in sustainable bonds has "picked up" over the last couple of years, according to Environmental Finance Data (EF Data).