News

Barbados strikes $150m biodiversity debt conversion

The Nature Conservancy has announced a debt conversion with the government of Barbados, which it says will "unlock" $50 million for biodiversity protection projects in the country.

Sustainable Fitch issues 1,000 impact-focussed ESG ratings

Sustainable Fitch has launched ESG ratings of more than 1,000 green, social and sustainable (GSS) bonds.

Bond round-up: Belgium, IBRD, Anglo American, Knorr-Bremse, CHIMEI ... and more

Uruguay readies 'game-changing' sovereign sustainability-linked bond

Uruguay has published its framework for a 'game-changing' sovereign sustainability-linked bond (SLB), which incorporates ground-breaking nature targets and coupon structures.

EuroClear invests in Impact Cubed

EuroClear has made an investment in Impact Cubed, an 'impact' data provider that covers all globally listed companies.

NZAOA members 'red flagged' for not targeting engagement

An undisclosed number of Net Zero Asset Owner Alliance (NZAOA) members have been red-flagged for not setting engagement targets in time and face heightened pressure to do so.

NBIM to demand net zero targets of all portfolio companies

Norges Bank Investment Management (NBIM) has warned the biggest polluters in its vast investment portfolio that it expects them to set targets to hit net zero by 2050 "as a matter of urgency", ahead of potential divestment from companies with "high and unmitigated climate risks".

'Carbon allowances have merit for impact investors', argues Morningstar

Impact investors can buy carbon allowances, or credits, to help combat climate change, argues Morningstar.

Cbus leaves NZAOA

Australian fund Construction and Building Unions Superannuation (Cbus) has left the Net Zero Asset Owner Alliance (NZAOA) voluntarily so it can focus its resources on its "internal activities"

S&P slashes 2022 sustainable bond forecast by 40%

S&P Global Ratings now forecasts $865 billion will be raised through sustainable bonds in 2022, which represents a 40% cut in its previous annual expectation and a 16% reduction on 2021 issuance volumes