News

EU name rules drove €11bn drop in ESG funds' fossil fuel exposure - ESMA

About €11.5 billion in assets was shaved from the total fossil fuel exposure of EU sustainability-themed funds after swathes of managers dropped sustainability claims because of new naming rules, it was found.

Guarantees are 'flavour of the year', says PIDG

Guarantees have become a hot topic after featuring prominently in discussions at COP30, the CEO of the Private Infrastructure Development Group (PIDG) has claimed.

Blue bond guidelines have yet to translate to more issuance, says Moody's

While investors are increasingly aware of the potential impact of blue bonds, guidelines giving clarity on what types of projects can be funded have yet to lead to more issuance, according to Moody's.

Sustainable debt round-up: Volkswagen Bank, Enpal, Elisa ... and more

FirstRand transition framework first to align with ICMA guidelines

FirstRand has issued a Transition Finance Framework, believed to be the first outside of Japan to align with the recently launched Climate Transition Bond Guidelines, and the draft Transition Loan Principles.

UK government confirms BNG to be scaled back

The UK government has confirmed that it will exempt small sites from Biodiversity Net Gain requirements, as part of a wider simplification of the scheme.

Investor groups pressure regulators to tackle climate gaps in financial accounts

Investor groups have written to regulators in the UK, EU, Australia and Canada urging them to take tougher action to plug climate-related gaps in financial accounts.

Renewables a victim of their own success, says Foresight

The falling costs associated with renewables projects have made investing in the sector more challenging, according to Foresight Energy Infrastructure Partners' Dan Wells.

Call for overhauled SFDR to better recognise key role of sovereign bonds

Clarification is needed as to where sovereign bonds fit within the overhauled Sustainable Finance Disclosure Regulation (SFDR), according to the European Fund and Asset Management Association (EFAMA).

BlackRock loses second Dutch pension mandate

PME, the €59 billion ($69 billion) Dutch pension fund for metalworkers and the technology sector, has ended its relationship with BlackRock following a review of its ESG index portfolio.