News

Mitsui OSK Lines to issue 'first' shipping firm blue bond

Japanese firm Mitsui OSK Lines plans to raise JPY10 billion ($70 million) through a blue bond in January, believed to be the first issued by a shipping firm using recent International Capital Market Association (ICMA) guidelines.

Investor interest spurs PRI to consider expanding sovereign engagement pilot

Rapidly growing interest among investors to collaboratively engage with countries on their climate strategies has led Principles for Responsible Investment (PRI) to study whether it can extend a pilot exercise to other sovereign issuers.

EBA proposes EU develops 'two-tier' green loan standard

The European Banking Authority (EBA) has proposed that the EU develops a voluntary EU Taxonomy-aligned EU green loan and mortgage standard similar to that for green bonds, but that a second non-taxonomy aligned tier should be allowed for a period of time.

UNDP launches nature project finance finder

The UN Development Programme has launched a database to help match nature projects with private and public funding.

Fund managers face tougher 'sustainable' fund name test under EU rules

Fund managers seeking to market their products as 'sustainable' must ensure that a minimum of 80% of their investments match the description, if they are to meet toughened guidelines due to be published by the EU regulator next year.

People Moves, 15 December: PRI, NatureMetrics, Sweef Capital, Ananda Impact ... and more

Investors devise long wish list for much-maligned SFDR

Every financial product sold in the EU should be required to disclose sustainability information under the much-maligned Sustainable Finance Disclosure Regulation (SFDR), Europe's largest asset manager has said.

COP28 'a success for nature', says NatureFinance

Nature was a key part of the agenda at COP28, with emerging nature finance mechanisms a key talking point.

NMB Bank raises $157m from largest sustainability bond in East Africa

Tanzanian lender NMB Bank has raised $157 million from a significantly upsized dual-currency sustainability bond, making it the largest sustainability bond issued in East Africa to date.

Updated: Financial institutions partially exempt from supply chain due diligence under 'milestone' rules

The finance sector will be exempt from carrying out environmental and social due diligence of companies 'downstream' in the supply chain under newly agreed EU rules, in a victory for lobbyists who claimed it would add disproportionate costs and unfairly expose institutions to legal claims.