News

US central bank will not be a 'climate policymaker', chair says

The US central bank should not address climate change unless it is given a specific mandate to do so, US Federal Reserve chair Jerome Powell has said.

ECB signals overhaul of climate bond purchase strategy

A potential overhaul of the way the European Central Bank (ECB) looks to support decarbonisation efforts through its bond purchases has been welcomed as a "paradigm shift".

Bond round-up: Hong Kong, Ireland, Israel, Slovenia, Philippines, Air France-KLM ... and more

RBC: Carbon markets can drive nature investment

Carbon markets can play a "big role" in driving capital towards nature-positive projects, an executive at Royal Bank of Canada (RBC) has said.

Hong Kong raises $5.75bn from 'largest' Asian sustainable bond issue

Hong Kong has raised $5.75 billion from a multi-tranche green bond, believed to be the largest sustainable bond issued in Asia to date.

Israel raises $2bn from oversubscribed debut sovereign green bond

Israel has raised $2 billion from its debut sovereign green bond, with the deal six-times oversubscribed.

China needs a transition taxonomy, says Fitch

China should introduce a transition taxonomy to avoid ambiguity on the credibility of onshore sustainability-linked (SLBs) and transition bonds, Sustainable Fitch has said.

German ESG supply chain law welcomed by Union Investment

German legislation which requires companies to assess and prevent ESG abuses in their supply chains is a "step towards increased responsibility and transparency", Union Investments has said.

Trium Capital launches climate 'impact' hedge fund

Trium Capital has launched the Trium Climate Impact Fund, the firm's first hedge fund that it has classified as Article 9 according to the EU's Sustainable Finance Disclosure Regulation (SFDR).

Air France-KLM raises €1bn from landmark sustainability-linked bond

Air France-KLM has raised €1 billion ($1.1 billion) from its debut sustainability-linked bond (SLB), believed to be the first Euro-denominated bond of this type in the public market from an airline.