News

Enel issues 'ground-breaking' alternative to sustainability-linked green bonds

Enel has raised €1.5 billion ($1.6 billion) from a sustainability-linked bond with updated targets related to EU Taxonomy-aligned capital expenditure, which could prove an innovative alternative to the rare sustainability-linked green bond (SLGBs).

Aviva votes against more directors as it intensifies deforestation engagement

Aviva Investors voted against 83 directors of companies in 2022, which the asset manager said had inadequate deforestation policies, Environmental Finance has learned.

French regulator pushes for exclusion of fossil fuels from SFDR

France's securities markets regulator has proposed the EU's controversial fund disclosure regime should introduce a set of minimum criteria for funds to be considered sustainable.

ESMA fund names risk repeating SFDR chaos, warns investment group

Guidelines on the sustainability terminology that can be used in EU fund names risk re-running the confusion that surrounded the bloc's disclosure regime for funds, an investment group warned.

Osmosis wins $4.5bn mandate, as market shifts away from 'one size fits all' approach to ESG

A specialist environmental asset manager has won one of the biggest ever ESG mandates, in a $4.5 billion deal that signals the market is moving away from "one size fits all" approach to sustainability funds.

Indian green taxonomy 'crucial' to boosting domestic green bond market

Sustainable Fitch said the Indian sovereign green bond debut will increase interest in domestic green bond issuance, but that it was "crucial" that the Indian government finalise its green taxonomy to boost issuance.

US regulator says greenwashing is fraud

The Commodity Futures Trading Commission (CFTC) is ready to increase its resources to tackle false claims on environmental aspects in the US futures and derivates markets, which a commissioner said are of growing concern in carbon markets and can equate to fraud.

'Eurocentric' SFDR penalises emerging market investment, argues Actis

EU reporting regulations need to show "a greater level of discretion" for businesses in emerging markets, which often lag those in European countries in terms of sustainability.

People Moves 10 February: BlackRock, CCLA, Snowball and more...

Corporate sustainability 'due diligence' proposal passes key vote

An EU Parliamentary committee has approved the text of a proposed directive to ensure large financial and non-financial corporates prevent human rights violations and adverse environmental impacts in their value chains.