News

  • Fidelity expects increase in natural capital shareholder resolutions

    25 March 2024

    Fidelity expects an increase in nature and biodiversity-focused shareholder proposals at this year's AGM season, and said it will consider lending its support following the recent publication of its Nature Roadmap.

  • L&Q faces SLB coupon 'step-up' on target miss

    25 March 2024

    UK social housing charity London & Quadrant (L&Q) said it was "likely to miss" a greenhouse gas (GHG) emissions target linked to its ground-breaking sustainability-linked bond (SLB), triggering an additional £3 million ($3.8 million) of coupon payments.

  • SLB step-ups a long way from being financially punitive, says Barclays

    25 March 2024

    The penalties for missing the targets set by sustainability-linked bonds (SLBs) would have to be at least 10 times what the market currently offers to be big enough to incentivise companies to change their behaviour, Barclays has argued.

  • CSDDD transition plan requirement 'little more than window dressing'

    25 March 2024

    A requirement to disclose climate transition plans in the watered-down text of the Corporate Sustainability Due Diligence Directive (CSDDD) is "little more than window dressing" in the absence of a mechanism to force companies to implement the plans, it has been argued.

  • Sustainability-linked bond issuance limps into 2024

    25 March 2024

    Sustainability-linked bond (SLB) issuance has had its weakest start to a year since the publication of principles boosted the market in 2020, according to Environmental Finance research.

  • $77bn under threat from water risks, says CDP

    22 March 2024

    Water risks in companies' supply chains pose $77 billion of potential financial losses, said the CDP, as it urges financial institutions to be held accountable for their portfolios' impact.

  • EU releases biodiversity risk assessment framework

    22 March 2024

    The European Commission has published a framework to help financial institutions better measure and quantify biodiversity risk.

  • French companies sound alarm at 'greenwashing' in ESMA sustainability enforcement rules

    22 March 2024

    The French Association of Large Companies (AFEP) has voiced concern that draft rules for regulators enforcing the disclosure of sustainability-related information will too strictly police perceived 'greenwashing' and be complex to apply.

  • Australia debut green bond expected from mid-May

    22 March 2024

    Australia will issue its debut 10-year sovereign green bond between mid-May and the end of June, it emerged, as the sovereign announced it will launch investor roadshows from April.

  • People Moves, 15 March: Impax, GSG, Verdane, LOIM, Schroders ... and more

    22 March 2024