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Bond round-up: Akbank, Tier 2 spotlight, IDB Invest ... and more

Surprise as S&P drop ESG scores from credit ratings

The retreat from ESG scoring from the credit rating agency has flagged concerns around ESG transparency and the impact of anti-ESG sentiment, Ahren Lester writes

BlackRock targets NZD2bn New Zealand climate infrastructure fund

BlackRock is preparing to launch a NZD2 billion ($1.2 billion) New Zealand-focused climate infrastructure fund, which the US asset manager said is expected to be the "largest single-nation decarbonisation investment initiative" to date.

Barclays: ESG fund flows remain 'strong' despite tough 2023

Barclays said that fund flows into ESG-labelled fixed income and equity funds remained "strong" compared to the wider market, with euro-denominated corporate bond funds performing particularly well.

Democrat lawmakers urge SEC to release climate disclosure rules

A group of US lawmakers has urged the Securities and Exchange Commission (SEC) to "quickly finalise a strong and durable rule" for climate-related financial disclosures and said politicisation of the issue "should not be a reason for delay".

Misguided antitrust arguments must not diminish the transition

For institutional investors to fully support the energy transition they must not be discouraged from collaborative efforts by antitrust regulation, says Nathan Fabian

Australia appoints 25-strong taxonomy working group

A 25-member group has been appointed to advise on the development of Australia's sustainable finance taxonomy.

Hong Kong to prioritise ISSB integration, SME climate data

Major Hong Kong regulators and agencies said that integrating the International Sustainability Standards Board (ISSB) standards and developing a climate-related data portal for small- and medium-sized enterprises (SMEs) are among its key sustainable finance priorities.

30% of sustainability-linked bond targets 'on track to fail'

Up to 30% of all sustainability-linked bond (SLB) targets on the market are "on track to fail," which MainStreet Partners said is getting close to "alarming" levels for issuers and investors.

Prepare to report on climate - even companies in the US

Despite the politicization of ESG, US companies will not be exempt from the global momentum towards mandatory disclosure, write Jake Rascoff and Randi Mail