New EU green bonds standard may fuel greenwash concerns
The European Union plans to create a standard for issuing green bonds, but it may fall short of its aims to mitigate greenwash.
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Credibility of sustainability-linked bonds needs to be sorted: S&P
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.
US boycott of ESG could cost taxpayers $700m
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 raises $5.75bn in green bond issuance
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.
Carmignac appoints new head of sustainable investment
French asset management firm Carmignac has appointed Lloyd McAllister as head of sustainable investment.
S&P buys SPO provider amid criticism of GSSS ratings credibility
S&P Global has acquired second party opinion (SPO) provider Shades of Green, despite recent accusations of SPO greenwashing during the assessment of green, social and sustainability-linked (GSSS) bond frameworks.
Sustainable Fitch launches new ESG Ratings service
Sustainable Fitch has launched its ESG Ratings for global labelled structured bonds and covered bonds.
Scottish Widows backs Blackrock Corporate ESG Insights Bond Fund with £500m
BlackRock announced that Scottish Widows has become the first investor in its newly launched BlackRock Global Corporate ESG Insights Bond Fund.
ADCB’s green bond framework to raise AED500m for projects supporting ESG objectives
The first green bond issuance by Abu Dhabi Commercial Bank (ADCB), priced at $500 million, could pave the way for other commercial banks to follow suit.
US Steel’s green bond finances new steel making facility, supports net zero pledge
US Steel has announced the close of a $290 million green bond issue that is to expand its decarbonisation plans through expansion of its electric arc furnace.