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SRI

Top section

Top section

Strife at COP leaves climate burden on private actors

Oil producers hinder progress, rich countries reluctant to pay
Some borrowers delay financing plans

Climate transition risk? Bring it on

Even the worst scenario of disorderly change would be a boon

Unédic to pour out more bonds to thirsty investors

Ultra-thin spreads to OATs as agency quadruples its programme next year
Some borrowers delay financing plans
Sub-sections
  • Investment analytics firm Impact Cubed has launched a new ranking for ESG impact based on which countries are improving fastest — an important factor when considering the view that those that demonstrate ESG leadership will attract more investment.
  • Accusations of greenwashing have been infrequent in the 14 year old green bond market, which mainly sticks to uncontroversial assets, such as renewable energy and railways. The sustainability-linked bond market is only a toddler, but already a much more difficult child. No wonder: it is handling tougher material.
  • SRI
    The pace at which central banks are accelerating towards skewing monetary policy to support the fight against climate change was brought home this week by a speech by Isabel Schnabel, an executive board member at the European Central Bank, in which she went further than ever before in calling for strong action and hinted at how the ECB might do it.
  • SRI
    Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks. BofA made a net zero commitment in February but has not yet set out its decarbonisation trajectory.
  • SRI
    Does the world need another taxonomy of what is green?
  • SRI
    The UK has begun the process of creating its own versions of the European Union’s sustainable finance regulations, by picking a Green Technical Advisory Group to help it draft a green taxonomy. It will face two conflicting priorities: to maximise harmonisation by staying close to EU rules; and to depart from them, for a variety of reasons including the possibility of improving on the EU’s approach.