FCA closes Drax investigation

FCA closes Drax investigation

The UK Financial Conduct Authority (FCA) has closed its investigation into Drax, which related to the reporting of its sourcing of biomass for its energy production, as the regulator took no further action against the company.

S&P: Current transition label is a 'Version 1.0 transition tool'

The frameworks developed for transition-labelled debt are important 'Transition 1.0' tools, but S&P Global Ratings argues that 'Transition 2.0' tools need to focus on the rate of change and the pricing impact of this.

'China's version of SFDR will have significant impact'

New rules governing Chinese sustainable investment funds are expected to have a significant impact in the domestic market, with a minimum threshold for sustainable investments likely to help "assure the quality" of funds, according to an expert.

BNP Paribas: 'Big hopes' for sovereign SLBs

Although still a complex instrument for corporate issuers, BNP Paribas said there is "still big hope" for the growth of the sovereign sustainability-linked bond (SLB) market.

Sustainable debt round-up: ADB, DNB Bank, Alstom... and more