Net-zero emission pledges are under growing scrutiny from investors amid worries over the gaming of carbon reporting. Governments are facing rising pressure to ensure accountability for such commitments.
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The US drugs giant will use proceeds from its second sustainability bond issue to tackle the pandemic, including in emerging markets. ESG head Chris Gray seeks to dispel scepticism by explaining the deal's rationale, while treasurer Brian McMahon discusses the $1bn bond’s pricing.
America's solar industry has faced challenges getting financing, but investor and public sentiment is improving and government support is growing. A $400m debt issue last month was another positive sign.
The British luxury fashion house was the first of its peers to tap the sustainability bond market. A year on, it has not only met its targets but in some cases gone beyond them. The company’s CFO and head of corporate responsibility explain how.
One-fifth – and counting – of the world’s largest companies have committed to achieve net-zero carbon emissions, largely by 2050. But there is no legal or regulatory recourse if they don't, and seemingly little appetite for that to change.
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 IPCC’s latest report is unequivocal: humans are warming the planet. With COP26 looming, everyone is clear that rapid policy action is required to mobilise trillions of public and private finance to reverse the damage done. We outline what policies they are.
Used as part of a broader set of tools to assess banks, investors say the new reporting requirement will determine which institutions are taking green finance seriously. However, it lacks the sensitivity to capture transition finance, for example.
Some car manufacturers have sold green bonds, but Paris-based Valeo is Europe’s first automotive sector company to target carbon emission reduction along the entire manufacturing chain.
As demand for sustainable investing continues its global rise, the corresponding jump in regulation has meant Australia and Europe – among the leaders in this area – have witnessed eligible ESG assets drop dramatically as a proportion of overall assets. Will Canada be next?
To ensure a safe exit, influential private equity houses are showing signs of embracing ESG within their investment practices. There is a stronger conviction that sustainability will create greater value over time. Entrepreneurs need to take note.
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.
The region's healthcare providers have been slow to embrace sustainable funding because it is tricky to set measurable key performance indicators in the sector – but that is changing.
Capital Monitor asked 22 top insurers for their position on the recent IEA report calling for an immediate cessation to investing in and building new oil and gas projects. Only seven responded with answers but none were prepared to make firm commitments.
While it has a long-standing focus on climate risk, the $1.3trn NBIM doesn't set a specific goal for cutting its portfolio carbon emissions – despite measuring them since 2014. Nor does it want to adopt a climate-adjusted equity benchmark.
Turkish manufacturer Arçelik will use proceeds from its debut green bond to address a challenge most companies prefer to ignore. The issue attracted strong investor demand despite domestic economic turbulence.
Norway’s local government financing agency, Kommunalbanken, is helping reduce the country’s heavy economic reliance on fossil fuels through its long-standing and fast-growing green lending programme.
With the June joining of the Sustainability Accounting Standards Board and the International Integrated Reporting Council, the head of the combined entity argues that more agreement on ESG reporting standards is getting closer, but regulation is needed.
The French industrial gas producer achieved a record price for its first green debt issue even as the bond ‘greenium’ has narrowed. This is at least partly thanks to the company’s rising focus on hydrogen.
The oil giant was told to accelerate its emissions cuts, at least partly for human rights reasons. Despite a muted response from investors, experts say the order reflects the rising risks for fossil fuel producers and the ramifications will be widespread.
Assessing the climate risk of government debt is tricky for investors. A new initiative backed by the retirement schemes of telecoms firm BT and the Church of England is working on a solution. They give Capital Monitor the lowdown.
The new Corporate Sustainability Reporting Directive seeks to help set a global standard for ESG disclosure. Capital Monitor looks at the implications for corporates, investors and, ultimately, capital flows.
Highly polluting companies need trillions of dollars of funding to reduce their carbon emissions. Transition bonds are mooted as one solution, but investors are far from convinced.
The C$105bn fund has been an early mover in measuring its total portfolio emissions. The head of its sustainability committee talked Capital Monitor through the process and the third parties it works with to achieve it.
One of the world’s most influential financiers of oil and gas remains reluctant to threaten clients with funding cuts as a means to hit net zero. The US bank argues its investment-led approach to reducing carbon intensity within sector hotspots goes far enough.
A lack of technical guidance on Europe’s SFDR legislation has left asset managers to fill in the gaps, leading to confusion and serious risks of both greenwashing and market fragmentation.
The proliferation of ESG indices and the funds launched off the back of them is great business, but the ESG ratings underpinning them are under intense scrutiny.
Sustainable bond issuance rocketed in the first quarter. Despite scepticism over their true purpose and impact, there is little evidence to suggest that demand will abate soon.
The US bank has doubled down on efforts to facilitate private capital into sustainable projects in emerging markets. But its year-old development finance institution is so far finding it hard to measure the impact of such deals.
Capital Monitor speaks to the head of Rome's airport operator about its unprecedented sale of a sustainability-linked bond. Although its scope is limited, the deal goes some way to prove sceptics wrong.