Ahren Lester

Green and sustainability-linked loan round-up: Micron, Sapphire Star, Lanxess ... and more

Nature-based solutions carbon credit market Climate Impact X launched

Bond round-up: EIB, CaixaBank, Orbia, GLP, All Nippon Airways, UK, Kenya ... and more

IEA net-zero roadmap 'turning point' for energy sector ahead of COP26

After years of being judged a climate modelling laggard, the IEA has published a 'landmark' net-zero emissions roadmap which campaigners say raises the stakes for governments and companies ahead of the COP26 summit. Ahren Lester reports

Sustainability-linked bond step-ups need to be 'more material' for firms

The coupon step-ups associated with sustainability-linked bonds (SLBs) need to be "more material" for firms than is demonstrated by current market practice, according to Aviva Investors.

Investors urged to join sovereign climate performance assessment project

Investors have been urged to get involved in a project to develop an assessment framework for the carbon performance of sovereigns, currently backed by groups including the UN Principles for Responsible Investment (PRI), Institutional Investors Group on Climate Change (IIGCC) and Transition Pathway Initiative (TPI).

Bitcoin 'net negative' ESG investment, says BMO

Bitcoin is a "net negative" investment from an environmental, social and governance (ESG) standpoint, according to BMO in a statement in response to electric vehicle maker Tesla saying it would stop accepting Bitcoin for car purchases.

News round-up: JP Morgan sets Paris targets, IEA updates flagship report, UK regulator launches scenario research... and more

COP26 president urges end of coal at 'last hope' summit for Paris goals

The incoming president of the UN COP26 climate summit in November said the meeting is the "last hope" of keeping the goals of the Paris Agreement alive, adding the summit should also "consign coal to history".

ExxonMobil faces mounting investor pressure on climate action

US oil major ExxonMobil is facing growing pressure from major investors over its response to climate change ahead of its annual general meeting later this month, including from Legal & General Investment Management (LGIM) and the California Public Employees' Retirement System (CalPERS).