Oil majors to pilot net zero model that pits winding-down as 'legitimate' strategy

BP, Eni, Repsol, Shell and Total are the first oil companies to agree to pilot an investor-led standard…

Carbon

Sustainable bond issuance sets fresh record

2021 sustainable bond issuance has already surpassed the record-breaking 2020 total, supported by rising interest in sustainability and sustainability-linked bonds from corporate issuers. Ahren Lester reports

Debt,Green Bonds

Green Bond Comment, August 2021: A new dawn for the beleaguered transition bond label?

Once seen as the next exciting frontier in sustainable fixed income, the take-up of transition bonds has so far underwhelmed the market. But could the beleaguered label stage a fight back, asks Ahren Lester

Debt,Green Bonds,Policy

Bond round-up: NN IP, Repsol, Suzano, Bank of China, Hongkong Land... and more

Green Bonds

Green bond comment, June 2021: Are oil and gas firms still locked out of the sustainable bond market?

The labelled bond market needs to start helping dirty issuers finance the transition, argues Peter Cripps

Green Bonds

Oil and gas majors release joint transition principles

Eight energy companies - BP, Eni, Equinor, Galp, Occidental, Repsol, Royal Dutch Shell and Total - have…

Carbon,Stranded Assets

ESG news round-up: Calvert joins Morgan Stanley; CofE drops ExxonMobil; HSBC in net-zero pledge

ESG

Pension funds must do more to push for low-carbon transition, says Lord Deben

The chair of the influential UK Committee on Climate Change (CCC) said the financial sector is beginning…

Carbon,ESG,Equity

European oil majors climate pledge disappointment continues

Despite progress from European oil majors in strengthening their climate ambitions, analysis by the Transition…

Carbon,Equity

Transition-focused index backed by Church of England pension

The pension board of the Church of England (CofE) has allocated £600 million ($780 million) to a fund…

Carbon,Equity,Stranded Assets

HSBC: Risk of stranded assets in oil and gas 'very limited'

HSBC has downplayed the risk of 'stranded assets' in the oil and gas sectors, pointing to the likelihood…

Stranded Assets

Investors welcome strengthened Anglo American climate lobbying policy

Major investment firms have welcomed the mining giant Anglo American agreeing to align its lobbying activity…

Equity,Policy

Repsol commits to ‘positive’ climate lobbying following investor pressure

Spanish oil and gas company Repsol has committed to align its lobbying practices with the aims of the…

Investment,Stranded Assets

No oil & gas company aligned with 2°C pathway, says TPI

None of the 50 largest oil and gas companies have aligned their emission intensity with a pathway that…

ESG,Investment,Policy

Green bond comment September: Are stringent standards a good thing?

Heads were turned when it was recently revealed that just 17% of the market value of bonds contained in the Bloomberg Barclays MSCI Green Bond Index would meet the proposed EU Taxonomy criteria – and thus be eligible to be verified in line with the EU Green Bond Standard (GBS).

Green Bonds

BAML reveals thoughts on transition bonds

Bank of America Merrill Lynch (BAML) has weighed in on the debate about the creation of a new market…

Green Bonds,Investment,Markets

Fossil fuel issuer of ‘climate action’ bond reignites Repsol debate

A ‘climate action bond’ issued by natural gas infrastructure company Snam has reignited a debate around…

Green Bonds

TPI plans new index to accelerate low-carbon transition

The Transition Pathway Initiative (TPI) – an asset-owner led initiative backed by more than $9.3 trillion…

Equity,Investment

Danish pension fund PKA engaging with 64 oil and gas giants on climate

Danish pension fund PKA has said divestment is a possibility for 64 oil and gas companies with which…

Investment,Policy

Chinese firm issues RMB1bn green bond for clean coal plant

A RMB1 billion ($150 million) bond to boost the efficiency of a 2GW coal-fired power plant in China has…

Green Bonds,Policy