Archive

'Lower prices and policy uncertainty likely in wake of EU ETS reform'

A lower cost of emitting can be expected in the wake of the EU revealing details of its reform of its Emissions Trading Scheme (ETS) - but policy uncertainty remains and is likely to be the biggest determinant of prices in the short-term, an asset manager said.

ECB extends climate risk treatment to bank loans pledged as collateral

The European Central Bank (ECB) will lower the financial value it attaches to bank loans accepted as collateral where they are linked to higher climate transition risks, in an expansion of its existing climate-related collateral treatment.

FRR backs BNPP Eurozone equity transition strategy with €100m

IIGCC to tackle engagement outcomes, systems stewardship in new toolkit

A framework to help investors define the intentions and outcomes of engagement is being devised by the Institutional Investors Group on Climate Change (IIGCC), as the industry accelerates work to standardise stewardship reporting.

Scaling transition finance for the real economy

Vijay Bains, Emirates NBD's group chief sustainability officer and head of ESG, discusses how banks can help clients move from ambition to implementation on their transition finance journey and why transition finance is entering its defining era.

Achmea looking to expand 'reinclusion list' policy amid transition debt headwind

Achmea Investment Management (IM) is looking into expanding its policy of allowing individual energy issuers to be removed from their "quite extensive" exclusion list to other sectors, as it is a "good policy" when tackling transition fixed income themes.

Korea East-West Power tests waters with $500m transition bond

A $500 million transition bond issued by Korea East-West Power, understood to be the world's first transition bond aligned with International Capital Market Association (ICMA) guidelines will likely test the appetite for the emerging structure.

Fossil fuel category included in Canadian taxonomy proposals

A category for 'abatement measures' that incorporates fossil fuels has been included in proposals for Canada's 'green and transition taxonomy', in what was described as a "novel" element for taxonomies globally.

SFDR vote delayed amid disagreement on transition category

A key vote on the Sustainable Finance Disclosure Regulation (SFDR) is to be delayed until September amid disagreement on issues including eligibility criteria for a transition category, Environmental Finance understands.

Temasek 'unlikely' to meet 2030 targets due to hard-to-abate holdings

Singaporean investor Temasek said it is unlikely to meet its 2030 targets for reducing portfolio emissions, blaming "today's realities", and has placed its 2050 decarbonisation plan under review.