New guidance on blue bonds builds towards a sustainable ocean economy
A new guide for global practitioners intends to promote blue bonds and their role in financing a sustainable ocean economy.
A new guide for global practitioners intends to promote blue bonds and their role in financing a sustainable ocean economy.
Despite increasing noise around the anti-ESG agenda, investment continues apace and there is increased scrutiny on nature and climate risk reporting in this week's roundup, as well as a growing standardisation on expected risk disclosure.
Moody’s latest sustainable finance quarterly update says that global sustainable bond issuance has the potential to eclipse the initial 2023 forecast of $950 billion, despite challenging markets. It also points out that sustainable bonds now represent 15% of the global bond market.
In a week that saw the world hits its highest temperatures to date, it’s a major concern to see news that the UK is set to cut its £11.6 billion climate and nature funding pledge. This week's roundup looks at how climate risk is underestimated, how insurance needs to address underwriting, growing scrutiny for ESG ratings and a shift to green debt.
This week’s round-up explores the investor shift towards ESG (despite yet another move by US Republicans to push back), what happened at the Paris Finance meeting in June, whether offset use actually means more internal action, some green bond activity where the EIB explores the use of blockchain, and the growing importance of impact as Boston Consulting Group launches an impact measurement scheme.
The European Union plans to create a standard for issuing green bonds, but it may fall short of its aims to mitigate greenwash.
S&P Global Ratings is forecasting a rise in the issuance of green, social, sustainable, and sustainability-linked (GSSS) bonds in 2023, but believes sustainability-linked bonds (SLBs) are at a turning point, after their issuance declined in 2022.
New research by economic and policy consultant firm Econsult Solutions has calculated the potential cost of the ideological battle over ESG in the US.
Hong Kong’s most recent green bond is the largest single offering in Asia, reflecting its rising importance as a financial hub which may benefit China’s long-term plans to internationalise its currency.
French asset management firm Carmignac has appointed Lloyd McAllister as head of sustainable investment.