News

Renewables may benefit from a 'climate put' unappreciated by investors, says UBS

Renewables developers could be set to benefit from a "climate put" option, thanks to strong policy support, UBS has suggested in a note.

Australian regulator urges ISSB preparation

Australia government will this month release guidance on how it will implement the International Sustainability Standards Board's (ISSB) forthcoming sustainability and climate disclosure standards, and its regulator has urged the market to start preparing for their adoption.

TNFD metrics 'don't allow direct assessment of COP15 contribution'

The draft core disclosure metrics of the Taskforce on Nature-related Financial Disclosures (TNFD) do not show whether businesses are fulfilling a key goal of the final agreement from COP15, data providers and consultants have claimed.

LGIM expands climate engagement, includes biodiversity

Legal & General Investment Management (LGIM) has broadened the scope of its climate engagement initiative to cover five times as many companies and bring biodiversity concerns into the discussion.

Sustainable bond issuance reaches $4trn milestone

Cumulative sustainable bond issuance has crossed $4 trillion in June, helped by a record-breaking start for green bond issuance in 2023.

EU regulation presents negative view of ESG ratings market, says provider

The text of a proposal to regulate ESG ratings providers takes a negative, "glass-half-empty" view of the market, a manager at a provider has said.

EU strips biodiversity offsets from taxonomy

The EU Commission has cut biodiversity offsets from its latest update to the taxonomy, following pressure from advisory group the Platform on Sustainable Finance (PSF).

Bond round-up: Western Australia, Germany, Hyundai Card ... and more

EU calls on investors to create more transition finance products

The European Commission has called on financial institutions to offer more transition-related financing solutions as well as integrate transition plans further into their risk assessments.

Khan Bank readies debut domestic green bond in Mongolia

Mongolian lender Khan Bank is preparing to issue the first green bond in the domestic Mongolian market, just three months after making its ground-breaking international sustainable bond debut.