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Green Finance
Fear of reputational risk from buying low-quality prevalent, increased scrutiny in the offing
3 Feb 2023
Operating in Taiwan’s highly competitive market, Magi Chen, president and chief executive officer of E.Sun Financial Holdings has steered her organization through a number of challenges from the Covid-19 pandemic to ongoing geopolitical tensions. Under her watch, the bank delivered a solid financial performance in 2021, including a record-high net profit of NT$20.6 billion (US$690 million) and the highest return on equity compared to local peers.
6 Feb 2023
The Credit Guarantee and Investment Facility (CGIF), a trust fund set up by the Asian Development Bank (ADB), supported SNC Former Public Company Limited of Thailand in its inaugural bond offering, a social bond amounting to one billion baht (US$30.4 million). CGIF provided a 100% credit wrap for the five-year bond, which was rated AAA by TRIS Rating and placed with domestic institutional investors at a competitive coupon rate of 3.10%.
1 Feb 2023
Increasing shareholder activism is expected to play a crucial role in sustainable investing in 2023 as investors and asset managers become more resolute in pushing corporate and financial institutions to achieve sustainability targets, according to Federica Calvetti, head of ESG and strategic activism at Eurizon, the asset management unit of Italy’s largest financial group Intessa Sanpaolo.
30 Jan 2023
The Asean+3 outstanding sustainable bond market topped US$598 billion in 2022, crossing the halfway mark to US$1 trillion for the first time, data from AsianBondsOnline (ABO) indicate. This represents a year-on-year (YoY) growth of 34%, slower than the 57.1% growth posted in 2021 as activity was impacted by tightening financial conditions. Compared with 2016, it represents a five-fold increase.
27 Jan 2023
Global investment in the low-carbon energy transition totalled US$1.1 trillion in 2022 – a new record and a huge acceleration from the year before – as the energy crisis and policy action drove faster deployment of clean energy technologies, according to a new report. In another first, investment in low-carbon technologies appears to have reached parity with capital deployed in support of fossil fuel supply, research firm BloombergNEF (BNEF) says in its Energy Transition Investment Trends report.
27 Jan 2023
There is growing evidence that global warming, particularly through its effect on agriculture, may create inflationary pressures, and that the physical and transition risks created by climate change could jeopardize financial stability. So, why is there no consensus among central bankers on how monetary policy should respond?
23 Jan 2023
Green bonds can play significant role, but should not get preferential risk management
3 Feb 2023
Strategy aims to capitalize on tropical forest preservation, management, restoration
2 Feb 2023
Vegetable oil processor Apical Group, a member of Royal Golden Eagle (RGE), has closed its first sustainability-linked derivative (SLD) amounting to US$550 million.
2 Feb 2023
The Asian Development Bank (ADB) signed a US$15 million loan facility with PT Dharma Satya Nusantara Tbk (DSNG) to help the company expand sustainable wood processing, rural livelihood development, and climate-resilient agroforestry in Java, Indonesia.
27 Jan 2023
Standard Chartered has appointed John Murton as senior sustainability adviser within its chief sustainability officer (CSO) team.
9 Jan 2023
Strong sustainability focus as issuers take advantage of falling yields during past couple of months
5 Jan 2023