News

'Granular' sustainability exclusions 'more preferable' for transition fixed income

Fixed income investors are increasingly using issuer- rather than sector-level exclusions to support their sustainable engagement and investment activities, an Environmental Finance event has heard.

Ratings under fire from US attorneys general for climate 'downgrades'

Attorneys general for 23 US states demanded that Moody's, S&P and Fitch explain how climate-related risks informed "downgrades" of their ratings, raising the prospect of legal action against the companies.

Christensen leaves Allianz Global Investors

Allianz Global Investors' head of sustainable & impact investment Matt Christensen has left the business after five years at the asset manager.

Impact investors in $114m ecosystem restoration fundraise

Amundi-led blended finance green bond fund targets €3bn fundraise

An EU-backed blended finance fund targeting €3 billion ($3.5 billion) in assets has been launched to buy green bonds that fund climate and other environmental projects in 'low- and middle-income countries'.

LGX: Attribution needed to 'turn impact metrics into meaning' (Debt conference)

Sustainable bond issuers need to provide clearer contextualisation for their impact data, to avoid the risk of it becoming "meaningless" for investors, Luxembourg Green Exchange (LGX) told an Environmental Finance event.

Investors 'have lost interest' in social bonds (Debt conference)

Investors seem to have "lost interest" in social bond investments, sparking fund closures and allocations to the segment dropping precipitously since a peak around the Covid-19 pandemic, according to a fund manager.

Transition loans still struggling with 'murky' divide from green (Debt conference)

Six months after publishing the Transition Loan Principles (TLP), the market is still tussling with the challenge of the distinction from 'green loans', and when do transition investments stop being transitional.

SFDR 'should set rules to stop lowball SLB targets' (Debt conference)

EU policymakers should set rules to govern sustainability-linked bonds (SLBs), to prevent issuers setting unfairly low sustainability targets and breathe new life into the ailing market, an investor argued.

ISSB says no to nature standard, for now

The International Sustainability Standards Board (ISSB) has confirmed that it will not pursue a separate nature standard, opting instead for a non-mandatory reporting approach.