News

Folksam backs first 'road safety' bond from World Bank

Swedish insurance firm Folksam has fully invested in a SEK1 billion ($93 million) Sustainable Development Bond from the World Bank, which is believed to be the first focused on road safety enhancing projects in developing countries.

We won't reach a point where all investments are impact, says AXA IM Alts

The market for investments that target positive social or environmental impact will always represent a relatively smaller portion than those that manage sustainability risks, according to the head of Axa IM Alts' impact investments strategy.

Fashion industry still off-trend when it comes to sustainability, says Pollination

The significance of the fashion industry amid the transition to a more sustainable economy is not being adequately understood by investors, Pollination has told Environmental Finance.

EIB issues 'first' digital green bond in Europe

The European Investment Bank (EIB) has raised SEK1 billion ($93 million) from the first "digital green bond" in Europe, which was issued through an open source platform developed by SEB and Crédit Agricole CIB (CA-CIB).

Video: How Fannie Mae is addressing investor interest in social lending

Sovereign green bond issuance sees record start to 2023

Sovereign green bond issuance is set for a record-breaking year, with the amount raised through the instruments so far in 2023 well in excess of the same period in previous years.

Unclear regulation hindering climate finance in Japan, says PRI

Lack of clarity over whether investors are able to invest for sustainable impact in Japan is "hindering climate finance", the Principles for Responsible Investment (PRI) has said.

Bank of Ayudhya raises $400m from green, blue bond

Thai lender Bank of Ayudhya has raised $400 million from an inaugural green and blue bond, which is backed by the International Finance Corporation (IFC).

SBTi 'increases ambition' for financial institutions on emissions reduction targets

The Science Based Targets initiative (SBTi) has launched "more ambitious" draft emissions reduction target guidance that will require financial institutions to further align with a 1.5°C pathway.

Shell 'in denial' about global transition, warns PIRC

Shell is "in denial" about the global transition to net zero, proxy advisor PIRC told Environmental Finance following the oil giant's rowback on fossil fuel production targets.