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Enel SLB target miss 'to cost it $27m'
24 October 2023Investors are not pricing in the expected Enel sustainability-linked bond (SLB) target miss at the end of 2023 which could trigger a coupon step-up for more than $10 billion worth of debt, according to the Anthropocene Fixed Income Institute (AFII).
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Impax hires Pamphilon as first fixed income head
24 October 2023 -
Calvert Impact raises $30m from initial C-PACE 'Cut Carbon' bond issuance
23 October 2023Calvert Impact Capital has issued its first 'Cut Carbon Note', with future deals expected to grow the amount raised by the performance-incentivised instrument to $400 million.
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Middle East sustainable bond issuance surges ahead of COP28
23 October 2023Total sustainable bond issuance from Middle East issuers is already at a record annual total in 2023 as corporates and sovereign issuers set new highs ahead of what could be a busy final three months.
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IDB Invest raises MXN3.5bn from third social bond
23 October 2023 -
Third quarter sustainable bond issuance slumps on green bond lull
20 October 2023Sustainable bond issuance in the third quarter of 2023 sunk to levels not seen for three years, as green bonds struggled to cross the $100 billion quarterly total for the first time since 2020.
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Chile raises UF24m from landmark sustainability-linked bond
20 October 2023Chile has raised UF24 million ($925 million) from its first sovereign sustainability-linked bond (SLB) issued in the local non-circulating currency, with the inflation-linked deal more than three times oversubscribed and attracting international investors.
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'Scope 4' emissions 'key' to assessing real world transition impact
19 October 2023Calculating the 'Scope 4' avoided emissions is "very important" if you are trying demonstrate the real world impact of your operations and investments, and is especially important when assessing companies that provide climate solutions, an Environmental Finance event heard.
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Green, social bonds 'perform better' than sustainability bonds
19 October 2023A sustainable fixed income investor prefers dedicated green and social bonds over sustainability bonds because they perform better in secondary markets.
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Scope 3 data: imprecise and sometimes plain wrong
18 October 2023Estimates are being used to fill in holes and inaccuracies in corporate disclosures, while there are hopes satellite data will provide clarity, The Future of ESG Data heard
- SEC disbands ESG enforcement division
- Decarbonisation investment faces three key challenges, says Ninety One's Cooper
- G20 agrees to bioeconomy principles
- 'Unlikely' potential Transition Loan Principles will launch in 2024
- Electricity versus gas - the devil is in the detail
- Bloomberg launches transition plan credibility assessments
- Wellington: Time to stop 'annoying' rise of three-year lookback sustainable bonds
- Transition plan rules 'should require disclosure of' expected climate impact
- UK Impact market grows to £77bn, with SDR impact label a potential positive
- Sustainable Debt Round-up: IADB, Raizen Energia, Switch ... and more
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Sustainable Debt Americas 2024 conference round-up
20 September 2024Another hugely successful Environmental Finance event in New York highlights the progress that continuous innovation and improvement is providing sustainable debt markets - with plenty more to come. Ahren Lester reports
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Investors must move beyond 'lip service' on biodiversity, says Nuveen
20 September 2024Investors must move beyond "lip service" and actually be willing to look at nature and biodiversity investment opportunities, Nuveen has told an Environmental Finance conference.
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Dow Chemical could issue second green bond in the future
20 September 2024Dow Chemical has not ruled out issuing a second green bond in the future, although any decision will not be made until after the US election in November.
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Brazilian development bank to fund next wave of renewable technology
19 September 2024The Brazilian Development Bank (BNDES) wants to fund the next wave of renewable technology in the country, but there is a need for more blended finance, according to Luciana Costa, infrastructure, energy transition and climate change managing director at BNDES.
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Sovereign SLBs challenging due to the nature of the issuer
19 September 2024Sovereigns across the world have embraced the sustainability-linked bond (SLB) instruments, with issuance increasingly being considered, but the nature of sovereigns creates some challenges for investors, the audience at Sustainable Debt Americas 2024 heard.