News

Expect further PABs upheaval following EU's SFDR answers, says Morningstar

Recent clarification on how EU regulators should enforce the Sustainable Finance Disclosure Regulation (SFDR) is likely to see a further wave of fund reclassifications among users of Paris-aligned benchmarks (PABs), according to Morningstar.

We cannot ignore nature, warns German central bank

The profitability of banks will be put at risk if they continue to ignore nature-related risks, Deutsche Bundesbank's Sabine Mauderer warned,...

EU taxonomy criticised for leaving out farming

The EU taxonomy of sustainable activities has been criticised for its continued failure to cover the agriculture sector in proposals to broaden its scope.

Climate change does not pose serious risk to financial stability, says Fed governor

Climate change does not pose a serious risk to large banks or the financial stability of the US, a governor at the US Federal Reserve has said.

'Next wave of GSSS bonds in Americas to come from hard-to-abate sectors'

The next wave of labelled bonds in the Americas will be from companies in hard-to-abate sectors, which have been underrepresented in the market so far, an underwriter has predicted.

EU Council edges towards mandatory ESG disclosure for sustainable bonds

The European Council has publicly moved towards agreeing to include mandatory environmental, social and governance (ESG) disclosures for all labelled sustainable bonds into EU bond prospectus rules,...

People moves 12 May: Persefoni, Downing, GFANZ ... and more

France's Article 29 inspired Clarity AI's biodiversity footprint tool

The biodiversity 'footprint' tool launched by technology platform Clarity AI was inspired by French regulation, an executive at the company has said.

Denmark set to raise 15% of debt through green bonds amid persistent 'greenium'

Denmark intends use green bonds to raise 15% of its total debt issuance in 2023, including through a new 10-year green bond to be launched in the second half of the year, a central banker has said as she hailed the pricing benefits of issuing green bonds.

APG invests €250m in electric vehicle charging company

APG has invested €250 million ($273 million) in French electric vehicle charging company Driveco.