News

Bank of England to stress test UK’s financial system by 2021

The Bank of England will by 2021 conduct a stress test of the UK financial system for resilience to the financial risks posed by climate change, Mark Carney has revealed.

Central banks 'to turn to green QE'

Central banks could turn to "green quantitative easing" (QE) as part of their increasingly active response to climate change, a panellist at Environmental Finance's ESG in Fixed Income 2019 conference argued.

Germany’s Dürr claims first ESG-linked Schuldschein

German engineering group Dürr has raised €200 million ($224 million) from an innovative Schuldschein whose coupon will vary according to the company’s sustainability rating.

Bond round-up: Chile, Korea, Engie, CDC, Vattenfall, BayWa, RATP … and more

EU's non-binding guidelines adopt TCFD framework

New EU guidelines on corporate climate-related reporting have integrated the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and signal a growing alignment for the disclosure regime globally.

Green and sustainability-linked loan market breaks $100bn barrier

The combined total of all green and sustainability-linked loans issued to date has reached about $111.5 billion, according to figures compiled by Environmental Finance.

LGIM calls for bonds to back sustainable palm oil

Investors would welcome specific bonds that help finance the growth of sustainable palm oil, according to Meryam Omi, head of sustainability at Legal & General Investment Management (LGIM).

Green bond market should get a boost from proposed EU standards, say insiders

Revised proposals for an EU Green Bond Standard (EU GBS) from the EU Technical Expert Group on Sustainable Finance (TEG) have been generally welcomed by market insiders.

EU’s TEG outlines ‘highly ambitious’ benchmarks proposals

The EU-appointed Technical Expert Group on Sustainable Finance (TEG) has published recommendations for two new categories of benchmark indexes, as well as setting out minimum disclosure requirements that will apply to almost all investment indexes.

Taxonomy says no to nuclear but yes to some cars and fossil fuels

The taxonomy of climate-related activities released today is expected to prove "an important building block" in the creation of a sustainable financial system.