News

Bond round-up: Saint-Gobain, BNG Bank, CBRE ... and more

ESMA proposes mandating ESG transparency in credit ratings

The European securities regulator has proposed requiring credit ratings agencies to explicitly state where and how ESG factors are incorporated in their methodologies.

Issuers worry capex-focused sustainability-linked bonds could 'backfire'

Carbon-intensive issuers are interested in tying sustainability-linked bonds (SLBs) to their 'green' capital expenditure (capex) plans, but are concerned that investors will begin to view these 'double' impact bonds as the only way they can access the market.

Carbon markets alone will not protect nature, says Arup

Carbon markets cannot be relied upon to fund the scale of nature protection needed, Arup has said, as it called for a wider range of funding instruments to be deployed.

Brazilian cattle farmers need $114bn of investment to transition

Brazilian cattle farmers have been urged to diversify their revenue streams to limit the threat of climate change, as a report warned that $114 billion of investment is needed by 2030 to put the sector on a pathway to sustainability.

Kempen 'surprised' adaptation isn't greater priority for regulators

Kempen Capital Management has expressed "surprise" that adaptation hasn't been made a greater priority by regulators.

Saudi Arabian green finance framework an 'important but controversial step'

The Kingdom of Saudi Arabia has published its green financing framework, opening the door to major oil exporter issuing sovereign green bonds and sukuk.

UK's biodiversity net gain legislation extended

The UK's Biodiversity Net Gain legislation, which created the world's first mandatory biodiversity credit market, has been extended to small development sites.

Climate resolutions hit record in North America, despite ESG backlash

A record-breaking number of climate resolutions has been filed in North America, although it remains to be seen whether investors will support them, given the strength of anti-ESG sentiment in the US.

SEC climate rule faces new legal challenge

Two fracking companies have brought a new legal challenge against the Securities and Exchange Commission (SEC)'s climate rule.