News

• UNEP FI: Finance can already use draft TNFD, despite data gaps

  19 April 2023

  Data gaps need not prevent financial institutions from applying the draft recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD), UNEP FI has claimed.

• German 'engagement platform' group to push BaFin for legal assurances

  19 April 2023

  A group developing a German "platform" for collaborative sustainability engagement is to ask regulator BaFin to approve its process, to allay investor fears of being punished for acting in concert.

• Austria raises €3bn from shorter-dated green bond

  19 April 2023

  Austria has raised €3 billion ($3.3 billion) from its second green bond as the country looks to build out the yield curve for its green bond programme...

• Take action 'ahead of regulation', urges Bank of England

  19 April 2023

  The Bank of England has urged financial institutions to take action on sustainability and not wait for policy and regulation to be developed.

• Taxonomy-linked 'greenwashing' rules could hurt EM transition financing

  19 April 2023

  Regulations to tackle greenwashing which are tied to European 'green' taxonomies could inadvertently constrain "necessary" transition financing in emerging markets, according to Fidelity International.

• Climate transition to weigh on credit worthiness, says S&P

  18 April 2023

  Preparing for the climate transition will weigh on credit ratings, S&P has said, but limited sustainability policy means action by the credit ratings agency has been muted so far.

• Goldman Sachs AM wants firms to tackle controversies with social bonds

  18 April 2023

  Goldman Sachs Asset Management (GSAM) would like to see companies use social bonds to tackle controversies in their supply chains, an executive has said.

• Sharjah government: Investors have 'muddled thinking' on additionality

  18 April 2023

  Some investors are confused about additionality in sustainable bonds, an advisor to the government of Sharjah, one of the seven United Arab Emirates, has claimed.

• Quantitative data is not 'cure' for transition transparency, honesty challenge

  18 April 2023

  Disclosing more quantitative data will not be sufficient to "cure" issues around transparency and honesty in transition finance, investors told an Environmental Finance event.

• SLB format is a good fit for biodiversity bonds, Axa IM says

  18 April 2023

  Organisations looking to demonstrate their contribution to biodiversity conservation could be best served by issuing a sustainability-linked bond (SLB) rather than a green bond, according to an analyst at Axa Investment Managers.