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.
Africa’s largest lender has decided against funding three of the continent’s coal-power projects and committed to releasing a climate plan aligned with the goals of the Paris Agreement. But it is still lagging behind local peers, lobbyists say.
European proposals on ESG fund distribution are sparking worries about mis-selling, market fragmentation and, as a result, potentially reduced flows into such products.
UN Sustainable Development Goal 15 figures low on investors’ agenda, while their exposure to at-risk forest companies remains high.
The Finnish bank has set itself new sustainability targets. But it faces tricky decisions if it is to realise them, given its exposure to the key Nordic industries of shipping and fossil fuels.
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 $3.8bn loan raised by the Saudi government-owned Red Sea Development Company for a tourism development is long on ambition but short on green detail.
Amid criticism of its palm oil business, the agricultural conglomerate has tapped the capital markets with a host of innovative green funding deals.
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.
A new network of influential bankers has been extraordinarily successful in moving climate change risk management higher up the agenda. We spoke to its secretariat head and Banque de France official Morgan Després on how they did it.