News

Novartis issues first Sustainability-linked Bond with social targets

Swiss pharmaceutical company Novartis has issued a €1.85 billion ($2.2 billion) sustainability-linked bond (SLB) - the first SLB to incorporate social targets.

EUA prices 'could soar to €51 by 2030' after EU raises climate ambition

A raised EU target to cut emissions by 2030 could send average carbon prices 55% higher than previously forecast over the next decade, hitting a new record of €50 by 2030, according to a report by Refinitiv.

Bridges and AEA plan $400m SDG-aligned IPO

UK-based investment firm Bridges Fund Management and US-based AEA Investors plan to raise $400 million by floating a new 'blank-check acquisition company' with a focus on impact investing.

Rabobank adopts novel approach to sustainable finance frameworks

Rabobank has introduced a new structure for sustainable financing frameworks that facilitate the issuance of green and social bonds and other forms of sustainable debt.

QBE impact investments pass $900m

QBE has almost reached its goal of $1 billion in impact investments by next year, using its Premiums4Good programme.

Net zero transition to cost $1-2tn a year, say energy companies

Achieving net-zero emissions worldwide by 2050 will cost $1-2 trillion a year, around 1.5% of global GDP, according to a report from coalition The Energy Transitions Commission (ETC).

Bond round-up: Novartis, Cades, EDF, Luxembourg, JP Morgan ... and more

WCI Carbon Market Update, 14 September 2020

The outlook for California Carbon Allowances is bullish, but the forthcoming presidential election and associated economic uncertainty could increase market volatility, says Nicolas Girod*.

Green and sustainability-linked loan round-up, 16 September: FRV and Wilmar International

EU targets €225bn green bond issuance amid strengthened climate push

The EU said it intends to raise 30% of its €750 billion ($890 billion) Next Generation EU (NGEU) recovery fund through the issuance of green bonds, as it boosted its greenhouse gas (GHG) emissions reductions target for 2030.