Browsing tag

green bonds

‘Wall Street Is Greenwashing Finance’, Says Former BlackRock Sustainable Investing CIO

3 Mins Read ESG-forward investing seems to be taking over the financial industry, but ex-BlackRock chief investment officer for sustainable investing Tariq Fancy warns that this is simply another form of greenwashing. In an opinion article, Fancy says that the Wall Street is “greenwashing the public with deadly distraction in sustainable investing practices” instead of getting to the […]

H&M: 7-Times Oversubscribed Sustainability-Linked Bond Draws US$4.6 Billion In Orders

3 Mins Read H&M Group’s newly issued €500 million (US$606 million) sustainability-linked bond (SLB) garnered huge interest on the market. The bond was 7.6-times oversubscribed, attract ingmore than US$4.6 billion orders in a strong sign of the greener investment sentiment taking over the financial industry.  H&M has issued a €500 million (US$606 million) SLB with a maturity of […]

HKEX Launches Green Exchange ‘STAGE’ To Support Sustainable Finance Push

3 Mins Read Hong Kong Exchanges and Clearing Limited (HKEX) has launched its new investment platform dedicated to sustainable finance amidst rising demand from Asian investors. Called the Sustainable and Green Exchange (STAGE), the new platform serves as an online product repository of ESG-focused products across multiple sectors as well as a resource hub for sustainable finance across […]

90% Global Public Investors Have ESG Investment Policies, New Survey Finds

3 Mins Read Over 90% of global public investors now have specific environmental, social and governance (ESG) investment policies in place or are in the process of implementing them, reveals a new survey from independent think tank OMFIF and American financial services firm BNY Mellon. The research also found that investors have been especially motivated to adopt ESG […]

BNP Paribas Launches Australia’s First Climate-Linked Bond

2 Mins Read BNP Paribas has announced the successful issuance of equity-linked green bonds totalling A$140 million (US$99.6 million) marking the first to be linked to the Australian Climate Transition (ACT) Index. The ACT Index is based on several climate scenarios and will continually be adjusted to reflect the future technological, social, regulatory and environmental changes.  The series […]

Google Parent Alphabet Issues US$5.75B In Sustainability Bonds

2 Mins Read Google’s parent company Alphabet Inc. has just issued US$5.75 billion in sustainability bonds, in what it claims is the biggest green bond issued by any firm to date. The proceeds will support investments in both environmental and social initiatives and will not be allocated to any of Google’s activities.  As a part of a US$10 […]

Law Student Sues Australian Government For Misleading Investors Over Climate Risk

3 Mins Read A 23-year-old law student in Melbourne, Australia has filed a lawsuit against the Australian government over failure to disclose the financial risks of climate change to a number of safe investments, including government bonds. Katta O’Donnell says she hopes that the case, which is a world’s-first, will change the way the government recognises and responds […]

Sustainable Investments Are Outperforming Traditional Funds According To Latest Data

3 Mins Read New data comparing sustainable investments with traditional funds shows that environmentally-friendly focused investments bring greater returns. The evidence comes amid strengthened interest in sustainable investments prompted by the dual threat of coronavirus and climate crisis in what appears to be tidal change for the financial industry.  Statistics obtained by global research firm Morningstar shows that […]

Asia First: HKEX Announces New Sustainable & Green Investment Platform

2 Mins Read Hong Kong Exchanges and Clearing Limited (HKEX) has announced plans to launch a new Sustainable and Green Exchange (STAGE), representing the first-of-its-kind in Asia. The new information platform will act as a central hub for data on green finance investments in Hong Kong’s securities markets, as well as seek to engage stakeholders in sustainable finance. […]

Green Finance: Link REIT Secures HK$1B Sustainability-Linked Loan

3 Mins Read Link Asset Management, the manager of Link REIT, has just secured a five-year sustainability-linked loan of HKD$1 billion (US$129 million) from Singapore-headquartered OCBC Bank. It marks the property company’s first sustainability-linked loan transaction in Hong Kong dollars, a show of strengthened commitment to green finance as the industry begins to heed to climate crisis warnings.  […]