News

Barclays: Investors expect more sovereign SLB issuers in 2024

A majority of investors are expecting new sovereigns to issue sustainability-linked bonds (SLBs) in 2024, according to a Barclays survey - despite reservations about the performance-based instrument.

Investors to challenge sovereign SLB issuers using ASCOR, investor says

Investors plan to use a tool for assessing countries' climate progress to challenge issuers of sustainability-linked bonds (SLBs) on the strength of their targets, an investor has said.

PAI looks to embed carbon pricing throughout its portfolio

PAI Partners is to encourage its portfolio companies this year to use internal carbon pricing, in a bid to better manage transition risks within its funds.

$4trn outstanding sustainable bond milestone crossed

The sustainable bond market has crossed the $4 trillion outstanding issuance milestone, according to Environmental Finance Data - but a maturing market could slow progress towards the next trillion.

Investors urge Exxon to drop 'silencing' climate action lawsuit

Investors have urged ExxonMobil to drop a lawsuit against shareholders who filed a resolution calling on the oil major to set more ambitious emissions reductions targets.

Deforestation overtakes climate change as LGIM's biggest engagement topic

Legal & General Investment Management (LGIM) has launched a nature strategy and revealed that deforestation became its engagement theme in the final quarter of 2023.

People moves, 9 February: TPG Rise, AXA, Abrdn, Cbus, Pollination and ... more

'Sleeping' sustainability-linked leveraged loans 'need to be stamped out'

The unwelcome resurgence of 'sleeping sustainability-linked' leveraged loans - which are signed before key sustainability provisions are finalised - needs to be "stamped out" in 2024, according to Fitch Solutions-owned Covenant Review.

PFZW divests from Shell, BP and Total, blaming slow transition

Dutch pension fund PFZW has divested from 310 oil and gas companies - leaving just seven in its portfolio, as it refocuses on companies "improving the climate and the energy transition".

HanETF to close two clean energy ETFs

HanETF plans to shut down a solar-focused and a clean energy exchange-traded fund (ETF), citing a "failure to gather assets".