News

US natural gas risks downgraded, as Fitch updates transition scores

Fitch Ratings has updated its Climate Vulnerability Signals (Climate.VS) with changes for the nuclear, natural gas power and meat sectors among others.

Impax fund mulls dropping longstanding environmental benchmark

Impax's flagship fund is considering changing its benchmark after a difficult first half of the year in which it struggled amid challenging market conditions.

US, Australia become 'SLB deserts' in 2024

The significant slowdown in sustainability-linked bond (SLB) issuance has resulted in some countries which were previously active markets for the performance-based instrument not seeing a single deal in 2024 to date, including the US.

Airlines unable to comply with CORSIA, warns IATA

Low supply of eligible credits is putting the success of the aviation industry's carbon offsetting scheme at risk, the International Air Transport Association has warned (IATA).

Deutsche Bank diverges from TNFD on water

Deutsche Bank has called on the financial sector to integrate 'life pillars' further into its activities but has diverged from the Taskforce on Nature-related Financial Disclosures' (TNFD) recommended approach.

BasisBank issues 'landmark' sustainability bond in Georgia

BasisBank has become the first commercial bank in Georgia to issue a sustainability bond, with the Tbilisi-based lender raising an initial $20 million from the deal.

Sustainable bonds getting 'more explicit' and focused on usage plans

Sustainable bond issuers are getting more comfortable with being increasingly focused and explicit around their use-of-proceeds intentions as investor expectations evolve, according to NatWest.

Just 1% of companies understand nature dependencies, warns World Benchmarking Alliance

An "overwhelming majority" of companies don't understand their impact or dependencies on nature, the World Benchmarking Alliance (WBA) has warned.

Glencore should commit to phase out newly acquired coal assets, Ninety One says

Mining giant Glencore should commit to phasing out coal mines it has acquired in its purchase of Elk Valley Resources, asset manager Ninety One has said.

People Moves, 9 August: US SIF, GIB AM, St James's Place, BlueOnion ... and more