News

UK government announces delayed timeline for ISSB-endorsement

The UK government aims to have UK-endorsed ISSB standards available in Q1 2025, according to an HM Treasury update published today (16 May), having originally planned to have these standards ready by June 2024.

Corporates hope to stop reporting 'legacy' ESG data points

Corporates are hoping to "weed" out some of the ESG data points they report, an Environmental Finance conference heard, with one saying they currently report more than 2,000.

UK regulator likely to require bank, insurer transition plan disclosure, Crowe predicts

UK banks and insurers are likely to be required to disclose climate transition plans and demonstrate how they are engaging with clients to achieve targets in these plans, under expected updates by the Prudential Regulation Authority (PRA), consultancy Crowe has predicted.

Bond round-up: Aldar Properties, UK, Italy ... and more

'The fog of ESG data is lifting', says Natixis

The fog of ESG data is lifting, Natixis has said, but warned about the "rabbit hole" of specialised data.

Australian government wins investor group praise for climate funding

Investor groups have welcomed a AUD22.7 billion ($15.1 billion) funding package the Australian government has pledged to support the transition to net zero, development of sustainability fund labels and tackling 'greenwashing'.

Difference between sustainable bonds, sukuk are 'quite minimal'

The overall differences between sustainable sukuk and bond instruments are "quite minimal," according to experts - but recently published guidance remains a work-in-progress for building confidence in the market for issuers and investors.

Record orderbook as Italy raises €9bn from new green bond

Italy has returned to the green bond market with a new green bond, with the €9 billion ($9.7 billion) deal securing the biggest orderbook for a green bond from the sovereign to date.

EU ESG funds told to prove their sustainable investment claims under new rules

EU funds with any ESG-related words in their name must ensure that at least 80% of their investments reflect this wording, and must exclude companies that derive a large part of their revenues from fossil fuels, under new rules confirmed today (14 May).

BNP Paribas to halt participation in oil and gas conventional bond issuance

French bank BNP Paribas has signalled that it will refrain from participating in conventional bond issues for companies in the oil and gas sector at its annual general meeting.