News

Kenya steps closer to 'attractive' sovereign green bond debut

Kenya has taken a step closer to issuing its debut sovereign green bond after the government approved its framework, opening a path to becoming only the fifth African sovereign to issue a labelled sustainable bond.

Northvolt signs 'largest' European gigafactory green loan

Northvolt has secured a $5 billion green loan to expand capacity at its "circular" battery manufacturing site in Sweden. It is believed to be the largest green loan for a 'gigafactory' in Europe to date.

'Absurdly cheap' renewables firms present buying opportunity, says GMO

Clean energy firms are "ridiculously cheap", following a sell-off in recent months, according to GMO.

NBIM, Axa and Fidelity among 320 companies signing up to TNFD reporting

320 companies, including major financial institutions, have confirmed they will disclose in line with the Taskforce on Nature-related Financial Disclosures (TNFD) over the next two reporting years.

Nature investments 'sit uncomfortably' with investor needs, says UBS

Nature investments currently struggle to offer investors the stable returns they need to invest, UBS has warned, calling for more transition finance opportunities and better data to help scale up capital flows.

Oman publishes first Gulf State sustainable finance framework

The Sultanate of Oman has become the first Gulf sovereign to publish a framework which allows it to issue both green and social bonds and loans.

'Avoided emissions' not in ESRS or ISSB - but they still matter to investors, says Natixis

Flows to European ESG ETFs continued to fall in 2023

The amount of capital flowing into environmental, social and governance (ESG) exchange-traded-funds (ETFs) in Europe declined in 2023, data from Morningstar has shown.

Funding cut delays progress of California climate disclosure rules

11 CA100+ signatories 'repeatedly voting against' flagged resolutions

Members of the Climate Action 100+ (CA100+) failed to vote for resolution's flagged by the initiative during the 2023 proxy season, raising concerns about some signatories' commitment to the world's biggest engagement initiative.