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Australia to Issue Inaugural Green Bond

ESG Today

The government of Australia will issue its first ever green bond next year, joining the growing ranks of sovereign debt issuers participating in the sustainable finance market to help fund their environmental sustainability initiatives, according to an announcement on Friday by Treasurer Jim Chalmers.

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Canada can’t finance the energy transition without getting tough on banks

Corporate Knights

At Investors for Paris Compliance, we just reviewed our major banks' net zero progress to assess whether they may have it covered. They say they are committed to net zero, and between them, they have pledged about $2 trillion of what they call “sustainable finance” by 2030.

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EU Green Bond Deal: Sustainable Gold Standard or Unrealistic?

Impakter

Impakter EU Green Bond Deal: Sustainable Gold Standard or Unrealistic? In what’s being labelled a “landmark’’ moment for sustainable finance, EU negotiators last week finally announced the agreement of a provisional deal establishing a gold standard for European green bonds (EuGB). appeared first on Impakter.

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To boost competitiveness, Europe proposes slashing key climate rules

Corporate Knights

The pullback threatens to erode years of progress, which has made Europe the leading market for sustainable funds , green bonds and other responsible investments, and jeopardizes the capital needed for the EUs ambitious climate goals. Companies are required to report under a list of hundreds of data points, which vary by company.

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OECD Warns of Climate-alignment “Blind Spot”

Chris Hall

By assessing the positive and negative impacts of total volumes of financial flows and stocks on climate mitigation goals, the report found a low degree of climate-alignment across asset classes Within an outstanding corporate bonds universe of US$34 trillion in 2023, green bonds made up US$1.6 trillion, compared with US$1.7

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FCA Flags Greenwashing Concerns in Sustainability-Linked Loan Market

ESG Today

Corporate interest in sustainability-linked loans has grown rapidly over the past several years, as the financing provides flexibility to use proceeds for general corporate purposes, while with instruments such as green bonds, raised funds can only be allocated to specific categories of green projects.

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ESG Today: Week in Review

ESG Today

This week in ESG news: SBTi publishes first draft of new corporate net zero standard; Canadas new PM cancels consumer carbon tax; Amazon launches service to sell carbon credits to companies; UBS pushes back net zero goals after acquiring Credit Suisse; BlackRock enhances sustainability characteristics for funds ahead of new regulations; global accounting (..)