News

German opposition to CSDDD text threatens to torpedo legislation

Germany's finance and justice ministers have publicly opposed the text of the landmark Corporate Sustainability Due Diligence Directive (CSDDD), raising the prospect that the EU's largest economy could sabotage adoption of the legislation.

Loan round-up: CALC, Aguas Pacifico, NYK Line ... and more

Fortum publishes 'nuclear' green finance framework

Finnish power firm Fortum has published a green finance framework which includes nuclear power projects in its eligible categories, joining a small number of European issuers incorporating the contested 'green' technology in their plans.

Finance for Biodiversity extends implementation period

The Finance for Biodiversity pledge has extended its reporting window until 2027 for newcomers, in a bid to increase the number of financial institutions signed up to the initiative.

'Big divergence' between implied temperature rise metric providers, ABN Amro says

There is significant inconsistency in the outputs of implied temperature rise (ITR) metrics from major providers, according to ABN Amro - meaning investors should take these scores with a "pinch of salt," and regulators should step in.

More private capital is needed to help hit forestry targets, says Gresham House

The UK and other countries need to attract more private capital to help them hit their reforestation targets, Gresham House has argued.

AfDB: 'Record' orderbook for landmark 'sustainable hybrid' bond

The African Development Bank (AfDB) said its ground-breaking debut 'sustainable hybrid' capital bond attracted a "record" orderbook for the multi-lateral development bank (MDB), with the $750 million deal more than eight-times oversubscribed.

Bond round-up: Queensland, BADEA, IBRD, ... and more

IOSCO should oversee ESG data and ratings principles for regulators, S&P suggests

The International Organisation for Securities Commissions (IOSCO) should develop a centralised set of principles for good conduct by ESG data and ratings providers, a senior executive at S&P has recommended.

BADEA issues social bond for debut bond deal

The Arab Bank for Economic Development in Africa (BADEA) issued a social bond, as it marked the "significant milestone" of its first ever bond issuance.