News

Lithuanian state firm issues first Nasdaq-listed 'defence bond'

Lithuanian state-owned investment firm Valstybės Investicinis Kapitalas (VIK) has raised €25 million ($29 million) from the first 'defence bond' issued under the Nasdaq Europe defence bond framework criteria.

Transition bonds need to be separate from green bonds, says BNP PAM

A surge in transition bonds from hard-to-abate sectors highlights the need for updated guidance to help assess their credibility, according to several investors.

'A world of pain': Study laments ESG data products' wide divergence on physical risk

Financial institutions have been urged to strengthen due diligence on vendors of physical climate risk assessment products, as a study pointing to divergent methodologies found some properties flagged for high exposure to risks like flooding that were judged not at risk by other providers.

People Moves, 24 October: PRI, Wells Fargo, IBAT ... and more

Don't 'overegg' carbon project co-benefits, says Puro.Earth

Carbon standard developer Puro.earth has warned against focusing too much on carbon project co-benefits, warning this puts developers at risk of more criticism.

IFC proposes infrastructure adaptation metrics for sustainability-linked instruments

The International Finance Corporation (IFC) has published a discussion paper in which it proposes a five-step approach to including climate adaptation-focused targets into sustainability-linked instruments.

EIFO plots more Power-to-X investments after first international deal

The Export and Investment Fund of Denmark (EIFO) is planning on expanding its Power-to-X portfolio after announcing its first international deal earlier this month.

Green bond market unprepared for adaptation push

While there is growing interest in adaptation-related issuance, many issuers - both sovereign and corporate - are unprepared to come to market, according to several speakers at a sustainable bonds conference in London.

Sustainable bonds 'unlikely' to reach $1trn in 2025 after weak quarter

The sustainable bond market is likely fall short of $1 trillion issuance volume milestone in 2025 for the first time since 2021 after a "particularly slow" third quarter, according to Environmental Finance Data (EF Data).

Aviva calls for UK ETS expansion

Aviva has urged the UK government to take a larger role in incentivising private investment in nature, including an expansion of carbon and nature markets.