News

Bond round-up: Comcast, telecoms spotlight, IBRD, Saudi PIF ... and more

Research: Transitioning insurers' portfolios

Environmental Finance's sister publication Insurance Asset Risk and J.P. Morgan Asset Management have launched the third edition of their annual research report into the sustainable investing practices of insurers.

Abrdn to abstain from say-on-climate votes

Abrdn is to abstain from 'say-on-climate' votes, arguing that there are other ways to tackle climate laggards.

World Bank issues 'unique' carbon credit-linked bond

The World Bank has raised $50 million from an outcomes-based bond which links its coupon payments to verified carbon credits generated by a water purification project, described as a "unique" and "important" deal by investors backing the transaction.

Enel issues 'ground-breaking' alternative to sustainability-linked green bonds

Enel has raised €1.5 billion ($1.6 billion) from a sustainability-linked bond with updated targets related to EU Taxonomy-aligned capital expenditure, which could prove an innovative alternative to the rare sustainability-linked green bond (SLGBs).

Aviva votes against more directors as it intensifies deforestation engagement

Aviva Investors voted against 83 directors of companies in 2022, which the asset manager said had inadequate deforestation policies, Environmental Finance has learned.

French regulator pushes for exclusion of fossil fuels from SFDR

France's securities markets regulator has proposed the EU's controversial fund disclosure regime should introduce a set of minimum criteria for funds to be considered sustainable.

ESMA fund names risk repeating SFDR chaos, warns investment group

Guidelines on the sustainability terminology that can be used in EU fund names risk re-running the confusion that surrounded the bloc's disclosure regime for funds, an investment group warned.

Osmosis wins $4.5bn mandate, as market shifts away from 'one size fits all' approach to ESG

A specialist environmental asset manager has won one of the biggest ever ESG mandates, in a $4.5 billion deal that signals the market is moving away from "one size fits all" approach to sustainability funds.

Indian green taxonomy 'crucial' to boosting domestic green bond market

Sustainable Fitch said the Indian sovereign green bond debut will increase interest in domestic green bond issuance, but that it was "crucial" that the Indian government finalise its green taxonomy to boost issuance.