Bonds

Some funds investing solely in ESG debt were downgraded last year as other managers take a cautious approach to initial classification.

Insight Investment warns of ‘two tier’ system in market as gulf in framework quality continues to grow, but certification levels improve.

Largest opposition party queries business minister after story accuses Danske of failing to hold energy companies to account.

Israel makes market debut as India prepares to issue, while airport green bonds and airline SLBs spark controversy.

Reduced reinvestment means bank will not meet decarbonisation targets under current approach, active reshuffling suggested by board member Schnabel.

The latest developments in ESG-related funds: Carmignac downgrades three funds to Article 8; Gresham House launches Irish forestry fund.

The latest developments in sustainable finance: Kentucky accuses FIs of energy boycotts; US Federal Trade Commission looks to update guidance on environmental marketing claims.

Bank had forecast SLBs would overtake use of proceeds in 2023, but quality concerns and lack of premium have slowed growth.

The latest developments in sustainable finance: EU publishes FAQs to help companies apply green taxonomy framework; Clarity AI partners with Refinitiv on SFDR tool.

Issuance levels are likely to recover from their 2022 slump, but concerns continue over the quality of green bonds and SLBs.