Three-quarters of European companies have set emission-reduction goals, but details of how they intend to achieve them are lacking, while only one in ten is on track to hit net-zero targets, finds recent research. Pressure is growing on corporates – and regulators – to take more action.
Most newest results
Pressure is growing for prudential measures to help tackle the climate crisis, with banks facing a rise in estimated credit losses of up to 20% in a 'hot-house' scenario. But bankers say climate-related stress tests should not lead to more capital requirements, and some propose alternatives.
The UK is about to launch its first green sovereign bond programme, which will incorporate innovative social indicators. Senior banking executives expect it to boost the corporate debt market, but want more specifics on impact benchmarking targets and deadlines.
Green short-term funding has struggled to take off as an asset class. With Asia’s first green commercial paper guarantee for Taiwan’s Sing Da Marine Structure, Crédit Agricole hopes that a new wind is blowing.
The British bank is calculating a carbon budget that should lead to an overhaul of its balance sheet. Starting by tightening financing policy for the oil and gas sector, the group will introduce a series of emissions-led sector targets by 2022. A bold move, but critics argue the plans lack clarity.
The German lender is turning down more deals that do not satisfy its increasingly strict sustainability criteria. But it still faces criticism for its financing of high-carbon industries.
CFOs and treasurers take note. Although the pricing advantage for sustainable bonds has declined over the past six months, it is unlikely to vanish even as the volume of green bonds rises. Whether this is the case over a longer distance is up for fierce debate.
Privately owned companies are integrating ESG disclosure into their financing agreements at the fastest rate on record as new sustainability regulations and shifting investor demand push one of the most secret market segments to come out.
UN Sustainable Development Goal 15 figures low on investors’ agenda, while their exposure to at-risk forest companies remains high.
Amid criticism of its palm oil business, the agricultural conglomerate has tapped the capital markets with a host of innovative green funding deals.