Archive

Winners revealed in Environmental Finance's Bond Awards 2021

News round-up: TCFD, John Kerry, Legal and General, Church of England, and more

RAN fossil fuel investigation shows massive continued financing from banks

TD Bank makes net zero by 2050 pledge

Toronto Dominion (TD) Bank has become the latest bank to commit to achieve net-zero greenhouse gas (GHG) emissions associated with its operations and financing activities by 2050 - but the announcement was criticised for failing to set an interim target.

A Canadian take on sustainability

Canada's resource-intensive economy can be a sustainability transition model for others, Tiff Macklem, chair of Canada's Expert Panel on Sustainable Finance, tells Michael Hurley

Financial centres set out principles for sustainability taxonomies

The International Network of Financial Centres for Sustainability (FC4S) has set out ten principles that sustainability taxonomies should meet to avoid increasing transaction costs for financial institutions and to avoid policy confusion.

World’s largest sovereign wealth fund urged not to pursue divestment

Divestment of the oil and gas stocks in the Government Pension Fund Global (GPFG) “is not an effective insurance against a permanent decline in oil prices” and the stocks only contribute marginally to Norway’s oil price risk, according to a committee set up to explore the issue.

Green bonds round-up, 25 July

The City of Toronto has completed a green bond issue worth C$300 million ($228 million), becoming the second city in Canada to issue green-labelled notes, following Ottawa's C$102 million issue in November.

Allianz, KB Financial and Westpac named sustainability leaders

German insurer Allianz, Korean bank KB Financial and Australia's Westpac Banking Corp are the top financial sector performers in terms of corporate sustainability, according to Swiss asset manager RobecoSAM.

September smashes records with a dozen mini-benchmarks

September set a new monthly record for the value of green bonds issued, with $16.1 billion of deals having settled in the month.