Ahren Lester

Ground-breaking sustainability Tier 2 sukuk 12-times oversubscribed

Turkish lender Kuveyt Türk Katilim Bankasi has raised $350 million from its "landmark" sustainability sukuk, the first Tier 2 regulatory note issued through the sharia-compliant bond structure.

Brazil to require climate risk scenarios in stress tests from 2022

2021 AGM voting season in US marks climate pressure 'escalation and expansion'

The 2021 proxy voting season in the US experienced an "escalation of shareholder engagement on climate-related issues...

Green and sustainability-linked loan round-up: Vineyard Wind, BayWa, Grupo Bimbo, AirTrunk ... and more

Bond round-up: Walmart, Entel, Eli Lilly, Development Bank of Japan, Woolworths, Inpex ... and more

Lyxor launches corporate green bond ETF

Lyxor Asset Management has launched a €50 million global corporate green bond exchange-traded fund (ETF)...

Bank of Finland targets ground-breaking net-zero investment portfolio by 2050

The Bank of Finland has announced it is targeting carbon neutrality within its €8 billion ($9.4 billion) investment portfolio by 2050 at the latest, with further interim targets in preparation by the central bank

ADB raises $300m from first 'blue' bond

The Asian Development Bank (ADB) has raised $300 million from its inaugural 'blue' bond to finance ocean-related sustainable projects

Physical climate risk could threaten 10% of major US bank lending

Physical climate risk could threaten more than 10% of the trillion-dollar loan portfolios held by the largest US banks by 2080...

$3.2trn investor group to 'step-up' chemical sector emissions engagement

An investor working group has been formed to "step-up" engagement with major chemical firms around their carbon emissions, arguing the sector has been "neglected" by investors as being 'hard-to-abate'.