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EU eyes separate gas law, leaves harmful bioenergy in Taxonomy

SRI / Green Bonds

EU eyes separate gas law, leaves harmful bioenergy in Taxonomy

The European Commission is set to put forward a new solution to the intense battle over the EU's sustainable finance Taxonomy, between green finance supporters and EU member states that want to safeguard their plans to use gas, GlobalCapital has learned. This would appear to involve leaving gas out of the Taxonomy, as environmentalists have demanded, and making a "separate legislative proposal" to deal with gas and nuclear power.

green and social bonds and loans

  • Social contract: The future of ESG finance in Japan

    Japanese issuers have embraced green, social and sustainability bonds, offering domestic and international investors a range of deals designed to tackle climate change, gender equality and other problems.

  • Japan’s sustainable bond market blossoms

    Japan’s sustainable bond market, already one of the world’s largest, has grown over the past year — given a boost from social funding needs brought about by Covid-19.

  • Tatra Bank debuts green programme

    Tatra Bank debuts green programme

    Slovakian lender Tatra Bank concluded several days of marketing with the sale of its debut green bond on Friday, raising €300m of preferred senior paper, which it will count towards minimum requirement for own funds and eligible liabilities (MREL).

  • Nordic Infra gets €200m green loan

    Nordic Infra gets €200m green loan

    Nordic Infrastructure, a Swiss industrial holding company, has signed a €200m green loan, with the company planning on using part of the proceeds on its acquisitive portfolio company Solör Bioenergy.

  • CCB goes global for sustainability bonanza

    CCB goes global for sustainability bonanza

    China Construction Bank Corp turned to the bond market on Thursday to sell a $2.4bn equivalent multi-currency transaction, with each tranche carrying a socially responsible investment (SRI) label.

More on Green and Social Bonds and Loans

Responsible investing

  • DBS sets the stage to cut thermal coal exposure

    DBS sets the stage to cut thermal coal exposure

    DBS Bank is aiming to reduce its thermal coal exposure to zero by 2039, joining a group of global investors and banks that have made similar commitments to tackle climate change.

  • EU eyes separate gas law, leaves harmful bioenergy in Taxonomy

    EU eyes separate gas law, leaves harmful bioenergy in Taxonomy

    The European Commission is set to put forward a new solution to the intense battle over the EU's sustainable finance Taxonomy, between green finance supporters and EU member states that want to safeguard their plans to use gas, GlobalCapital has learned.

  • Jefferies skewers bank ESG ratings for ignoring climate

    Jefferies skewers bank ESG ratings for ignoring climate

    Several European banks’ noses were put out of joint this week by research from Jefferies, which suggested a very different ranking of banks’ ESG characteristics from that investors usually get from rating providers.

  • ESG ratings importance growing as IG corporates line up

    ESG ratings importance growing as IG corporates line up

    A slew of mandates hit Europe’s high grade corporate bond market on Monday, with issuers increasingly adding their ESG ratings to investor communications that cover their whole enterprise, even if the deal being marketed is not a designated socially responsible investment.

More on Responsible Investing

The Sustainable Economy

More on the Sustainable Economy

Comment

  • SDRs: better late than never

    SDRs: better late than never

    The announcement this week that the IMF is on its way to issuing a further $650bn of special drawing rights, providing central banks with extra foreign currency liquidity, should not be criticised for being too little, too late.

  • Revised Taxonomy will hinder green bonds

    Revised Taxonomy will hinder green bonds

    The European Commission’s draft Taxonomy for Sustainable Activities will stymie green bond issuance as it’s based on an unfair system that excludes mortgages on many countries’ most energy efficient buildings.

People & markets

Governance

Health and biotech

  • Zhaoke eyes $270m from Hong Kong IPO

    Chinese company Zhaoke Ophthalmology has kicked off a Hong Kong IPO worth up to HK$2.1bn ($270m), becoming the latest biotechnology company to sell shares on the bourse.

  • Eyes on IMF as Suriname clinches debt delay

    More than 90% of Suriname’s bondholders this week participated in a consent solicitation that extends the sovereign’s debt standstill until the end of July.

  • IFFIm to head to scorching dollar market

    The International Facility for Immunisation (IFFIm) will bring a new five year benchmark vaccine bond on Wednesday, following a slew of strong trades on Tuesday.