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Taxonomy ducks gas and caves on bioenergy

SRI / Green Bonds

Taxonomy ducks gas and caves on bioenergy

The detailed rules for the EU Taxonomy of Sustainable Economic Activities look set to come into force, as the European Commission published them on Wednesday, after weeks of intense lobbying and negotiation that had raised the prospect of them being delayed again. Gas will not enter the Taxonomy for now and will be dealt with in separate legislation, but nuclear power could enter the Taxonomy later this year, alarming greens.

  • Germany, Belgium join battle over Taxonomy credibility as it goes to wire

    SRI / Green Bonds

    Germany, Belgium join battle over Taxonomy credibility as it goes to wire

    Hectic negotiations and lobbying are going on at the European Commission about the Taxonomy of Sustainable Economic Activities, in the last day before it is due to publish the detailed rules. Key countries including Germany have changed their positions, GlobalCapital can reveal, while supporters of gas and nuclear power are digging in. Battlelines are now being drawn over the timing.

  • Corporate reporting to enter the age of sustainability

    SRI / Green Bonds

    Corporate reporting to enter the age of sustainability

    A new acronym is joining the sustainable finance lexicon — the SRD. The EU’s Sustainability Reporting Directive will become the cornerstone of corporate reporting on sustainability, which is the foundation of responsible investing. A draft of it has been leaked, showing that it will impose much stricter rules on companies about reporting their environmental and social impacts, but also contains loopholes.

  • Malaysia readies sustainable sukuk

    SSA

    Malaysia readies sustainable sukuk

    The government of Malaysia is preparing to return to the dollar market for the first time in five years. It is marketing what will be the world's first sustainability sukuk from a sovereign borrower.

  • Can ESG investing fix a broken culture?

    The View

    Can ESG investing fix a broken culture?

    Harassment allegations at institutions of social and environmental purpose, from schools to public sector banks, are a sobering reminder that ethical investment is about more than just how borrowers spend investors' money. ESG investing should also catalyse cultural change across the financial industry, but it will be a long and difficult fight.

  • 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 sustainable category 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

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The Sustainable Economy

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Comment

  • Can ESG investing fix a broken culture?

    Can ESG investing fix a broken culture?

    Harassment allegations at institutions of social and environmental purpose, from schools to public sector banks, are a sobering reminder that ethical investment is about more than just how borrowers spend investors' money.

  • Governance concerns won't derail Darktrace's IPO

    Governance concerns won't derail Darktrace's IPO

    The corporate governance issues surrounding Darktrace, the UK AI cyber security company that confirmed its intention to float on the London Stock Exchange this week, can be generously described as unusual but they are not a shock to the market, and are unlikely to put investors off completely, providing the company seeks a sensible valuation.

People & markets

Governance

  • Can ESG investing fix a broken culture?

    Harassment allegations at institutions of social and environmental purpose, from schools to public sector banks, are a sobering reminder that ethical investment is about more than just how borrowers spend investors' money.

  • Governance concerns won't derail Darktrace's IPO

    The corporate governance issues surrounding Darktrace, the UK AI cyber security company that confirmed its intention to float on the London Stock Exchange this week, can be generously described as unusual but they are not a shock to the market, and are unlikely to put investors off completely, providing the company seeks a sensible valuation.

  • Sovcomflot defies Russia sanction risk to come to market

    Sovcomflot, the majority state-owned Russian shipping company, defied some market participants' expectations on Tuesday by coming to market to raise dollar debt just days after a fresh wave of US sanctions on Russia.

Health and biotech