News

EU carbon price plunges as coronavirus hits industrial output

Carbon prices in the EU Emissions Trading System (EU ETS) have plummeted by 35% in five trading sessions as policy measures to curb the coronavirus outbreak slashed industrial activity - and therefore carbon emissions.

Bond round-up: IFC, NY City Housing, Landsvirkjun, KfW, ADB ... and more

Coronavirus stimulus packages 'should be green'

Countries are announcing a string of multi-billion dollar stimulus packages to support their economies amid the disruption caused by the coronavirus pandemic, but pressure is building on them to demonstrate a commitment to the green economy.

Investors and verifiers welcome EU Green Bond Standard

Green bond investors and providers of 'external reviews' have generally welcomed the latest recommendations for an EU Green Bond Standard (GBS) (LINK 1) but several expressed concerns about how widely it will be used.

Coronavirus to dampen sustainability bond issuance: Moody's

The coronavirus pandemic is set to dampen the prospects of sustainability bond issuance in emerging markets in coming months, according to Moody's Investors Service.

Impact reporting making great strides forward: Zurich

Zurich Insurance Group says it has noticed 'great progress' over the past 12 months in how other organisations report their contribution to social and environmental objectives.

EU Taxonomy to be reference in innovating bond market - ICMA

The International Capital Market Association (ICMA) believes the EU Taxonomy for Sustainable Activities will become a key reference as the green bond market moves beyond its current use of proceeds focus.

Meat industry "burying head in the sand" over climate risk

Many of the major global meat producers are failing to adapt to climate change challenges, a report has argued.

UPM signs sustainability loan linked to biodiversity goals

Australia's Wesfarmers agrees sustainability loan

Wesfarmers has signed a AUD400 million ($246 million) sustainability-linked loan with Commonwealth Bank of Australia.