News

People moves 7 April: Sustainable Fitch, Zurich, IIGCC, Symbiotics ... and more

Turkey raises $2.5bn from sovereign green bond debut

Turkey has raised $2.5 billion from its debut green bond, with the transaction more than three times oversubscribed.

Aviation and shipping 'final nail in coffin' of taxonomy

The European Commission has published additional criteria for existing climate mitigation and adaptation objectives, including those for potentially controversial activities including aviation and shipping.

EU unveils taxonomy criteria for remaining environmental objectives

The European Commission has published delayed screening criteria for its sustainability taxonomy for the remaining four environmental objectives, as well as updates to its climate criteria that cover aviation and shipping.

Loan round-up: Wellington Airport, Proximar, Morrison & Co ... and more

€1.1trn investor coalition calls on TotalEnergies to cut Scope 3 emissions

A coalition of 17 investors, which represent around €1.1 trillion ($1.2 trillion) in assets under management, has urged TotalEnergies to align its Scope 3 emissions reductions targets with the Paris Agreement.

2023 Environmental Finance Bond Awards winners revealed

The winners have been announced for the 2023 Environmental Finance Bond Awards, which celebrate the leading green, social, sustainability and sustainability-linked (GSSS) bond and loan deals in 2022 and recognise market innovations.

ICVCM responds to criticism following carbon principles release

The Integrity Council for the Voluntary Carbon Market (ICVCM) has responded to claims its work has come too late, following the release of its carbon principles, by stressing the need for offset standards.

Zurich follows Munich Re in withdrawing from the NZIA

Zurich has become the second founding member to withdraw from the Net-Zero Insurance Alliance (NZIA) only days after Munich Re's departure from the alliance.

Lloyds to ramp up sustainable agriculture financing

Lloyds Bank is set to increase its financing for farmers seeking to transition to more sustainable activities, through the use of mechanisms such as biodiversity credits, with "whatever they need", an executive has said.