News

Bond round-up: Cyprus, Turkey, sovereign spotlight, Durr, IBRD ... and more

Sustainability-linked targets could add 'discipline' in green bond markets

Using sustainability-linked targets in green bonds could provide the "missing" element to promote more discipline and tackle greenwashing, according to Atlanticomnium.

Japan's largest banks hit by shareholder climate action

Japan's six largest banks and energy companies have been hit by shareholder calls to disclose decarbonisation plans, over concerns that fossil fuel expansion will result in stranded assets.

Cement SLBs set to rise, says Sustainable Fitch

As pressure mounts on the cement industry to decarbonise, sustainability linked bonds are set to become an important part of financing companies' transition, Sustainable Fitch has said.

'More guidance needed' on TNFD, finance pilot says

More guidance on the Taskforce on Nature-related Financial Disclosures (TNFD) framework is needed, a pilot with 42 financial institutions overseen by UNEP FI has said.

Legal & General to close green bond ETF after two years

Legal & General Investment Management (LGIM) is closing its dedicated green bond exchange-trade fund (ETF) from May, just two years after launching the fund.

Gresham House: Sustainable timber demand to triple

Demand for sustainable timber will increase by up to three times over the next three decades despite friction with local communities, a forestry investor at Gresham House has predicted.

NY Fed: US bank transition risk exposure 'meaningful, but manageable'

Research by the New York Federal Reserve said that US banks have a "meaningful" but "not very large" exposure to climate transition risk in their loan portfolios, with even the most severe scenarios impacting no more than 16% of their loan books.

NBIM backs sustainability assurance standards

Norges Bank Investment Management (NBIM) has encouraged the development of further assurance standards to help combat greenwashing and provide greater clarity for investors on sustainability issues.

Final days to apply for EF's Sustainable Investment Awards

Entries to Environmental Finance's annual Sustainable Investment Awards are open until 14 April 2023, which means this week is the last chance to apply.