-
FRC cuts UK Stewardship Code reporting to 'reduce burden' on signatories
22 July 2024The Financial Reporting Council (FRC) has cut reporting requirements of the UK Stewardship Code, to "provide clarity on areas signatories outlined as challenging to address, reduce the volume of reporting and provide flexibility for signatories in defining how they undertake stewardship".
-
Japanese transition bonds likely to 'move closer to green'
22 July 2024The use of proceeds for the ground-breaking Japanese sovereign transition bond programme is likely to become more conventionally 'green' rather than move more into the more contested 'transition' projects, according to the Japan Credit Rating Agency (JCRA).
-
'A standard for what good looks like for transition plans would help'
22 July 2024UBS's Judson Berkey has backed the idea of a global standard for transition plans, with the ISSB being a natural home for such a standard.
-
CA-CIB issues debut 'Sustainability-linked Loan Bond'
19 July 2024French lender Crédit Agricole Corporate & Investment Bank (CA-CIB) has launched a JPY3 billion ($19 million) bond focused on financing a portfolio of sustainability-linked loans (SLLs) following a detailed set of 'best-in-class' practices.
-
People Moves, 19 July: JP Morgan, Lightrock, Ambienta, PCAF, Co-Labs & Phenix
19 July 2024 -
Masdar raises $1bn from second green bond
19 July 2024United Arab Emirates (UAE) renewable energy firm Masdar has raised $1 billion from its second green bond, a year after the state-owned firm made its green bond debut.
-
Solar power has a bright future, but factor in climate change, says Swiss Re
19 July 2024Solar operators, investors and insurers must "carefully consult" climate change scenarios to fully understand the future risks and opportunities from solar energy, according to Swiss Re.
-
Von der Leyen wins re-election with pledge to 'stay the course' on Green Deal
18 July 2024Ursula von der Leyen has won re-election as president of the European Commission, pledging to "stay the course" on the European Green Deal she helped forge in her first term at the helm and set a tough new emissions reduction target.
-
Central banks battling 'major data challenges' on nature, warns FSB
18 July 2024Central banks and regulators' attempts to understand nature risks are being hindered by "major data and modelling challenges", the Financial Stability Board has warned.
-
S&P extends 'shades of green' to transition plan assessments
18 July 2024S&P Global Ratings has extended its 'shades of green' methodology for judging labelled bonds to assess the credibility of companies' climate transition plans, with the launch of a product it said would help companies attract "transition finance".
- 'Probably the most beautiful bond we have ever seen'
- Financial institutions' taxonomy alignment close to zero, PwC study finds
- SLLP consider formalising 'sleeping SLL' guardrails
- 'Not credible' to run transition funds from third-party data, says MetLife IM
- Environmental Finance Sustainable Loans Insight 2024
- A burning need for carbon finance in clean cooking
- Australia urged to integrate biodiversity into taxonomy
- Ditch SFDR definition of sustainable investments, replace Articles 8 & 9, ESMA suggests
- NatWest: Investors 'increasingly' asking for blue and nature bond deals
- Asset manager neglect of climate adaptation leads Brunel to take engagement 'into own hands'