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CBAM must include manufactured products to avoid 'carbon leakage'
22 December 2022The ground-breaking carbon border adjustment mechanism (CBAM) proposed by the EU could have the unintended consequence of creating more 'carbon leakage' due to its emphasis on basic materials rather than manufactured products, according to Scope.
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ESG ratings 'need to focus on impact, not risk'
22 September 2022Amid ongoing criticism of environmental, social and governance (ESG) ratings, European credit ratings provider Scope has argued that a "paradigm shift" is needed for the industry to focus on ESG impact rather than risk - especially as they increasingly get used for 'impact' funds.
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Federated Hermes tops asset manager ESG integration review
04 July 2022US asset manager Federated Hermes scored highest for environmental, social and governance (ESG) integration among major investors in a study by a credit rating agency.
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'New risks' for banks brought by climate in EU prudential disclosures
18 February 2022The requirement for large EU banks to disclose more information on the climate risks they face means they are likely to be exposed to new financial risks that could directly impact banks' credit quality, according to a credit rating agency.
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Investors pay up for $1bn KfW green bond
29 September 2017A $1 billion green bond by German government-owned development bank KfW has priced at two basis points inside its normal yield curve following "exceptionally high demand".
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Upgrading ESG
08 March 2017Are credit ratings subprime when it comes to integrating ESG risks, asks Hamza Ali
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INDCs to become 'significant' ratings driver, says Moody's
28 June 2016Intended Nationally Determined Contributions (INDCs) will become key ratings drivers as countries enact and ratify the landmark Paris climate agreement, according to a report by Moody's.