All green bonds articles
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NewsSmart Pension makes first green bond investment with Mirova fund
On the go: The £2bn Smart Pension Master Trust has announced its first green bond investment in the Mirova Global Green Bond Fund.
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NewsRailpen leads bondholder stewardship group
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the launch of a new bondholders’ stewardship working group, the adoption of a formal ESG policy by BlackRock’s LifePath UK DC investment strategy, and a new global standard for stewardship resourcing.
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PodcastsPodcast: Spring Statement - Missed opportunity to support savers
Podcast: A light Spring Statement on pension topics meant that important issues such as financial education and support for institutional investors are still missing from the government’s agenda, argued Callum Stewart, head of defined contribution investment at Hymans Robertson, and Charlotte O’Leary, chief executive and executive director at Pensions for Purpose.
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NewsUK to raise £10bn from green gilt sales
On the go: The Debt Management Office will sell £10bn in green gilts as part of £124.7bn in overall gilt sales in the 2022-23 period.
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FeaturesIs any sovereign worth the greenium?
Issuance of green sovereign debt is rocketing and investors remain prepared to pay a greenium, but standard paper still has a role to play.
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NewsTCFD disclosures to be mandatory for UK’s largest financial institutions
On the go: Britain’s largest companies and financial institutions will legally have to report on climate-related risks and opportunities from April 6 2022, the government has announced.
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News‘Greenium’ widens following £6bn green gilt issuance
On the go: The second issuance of the UK’s green gilt has raised a further £6bn, the Treasury has said, but analysis of the transaction suggests that the ‘greenium’ has widened in secondary markets.
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News‘Greenium’ concerns remain around second green gilts issuance
On the go: The second issuance of the government’s green gilts is expected on October 18. While the first issuance was significantly oversubscribed, concerns about the “greenium” have deterred some pension schemes from investing.
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NewsMPs urge government to make green pensions industry world-leading
MPs have urged the government to seize upon the opportunities COP26 presents to the pensions industry and have called for more consensus on tackling climate change.
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PodcastsPodcast: Understanding green and sustainable bonds
Podcast: The green bond market is forecast to hit $500bn (£366bn) by the end of this year, according to the Climate Bonds Initiative, while the UK government has just raised £10bn from its debut green bond issue. However, high demand and limited supply raises questions over pricing and yield, while the availability of suitable projects has ignited concerns over greenwashing. In this podcast, Arthur Leijgraaff, senior treasury officer at the Dutch development bank FMO, and Rik Klerkx, senior portfolio manager at Cardano, explain what goes into a green bond issuance, and what trustees need to ask of their asset managers and issuers.
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NewsRiver and Mercantile joins green gilts issuance
On the go: River and Mercantile has announced its participation in the government’s inaugural green gilts issuance.
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OpinionMore sustainability disclosure requirements coming to pensions?
Hot on the heels of the new climate change regulations that will apply to many pension schemes from October 1 2021, the chancellor of the exchequer has indicated that even more pensions sustainability legislation could be on the cards.
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NewsTPR’s ESG guidance raises industry concerns on privacy and penalties
The Pensions Regulator’s draft guidance on climate change reporting and governance is not sufficiently clear on what constitutes compliance, and the watchdog needs to provide clarity on its approach to discretionary penalties, the Society of Pension Professionals has warned.
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NewsGreen bonds and greenwashing: Investors yet to be convinced
After new details about UK’s first sovereign green bonds were received positively by the pensions industry, the excitement seems to be dissipating, since the summer 2021 launch date will be missed and scepticism remains about the motives and effectiveness of the scheme.
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NewsGovt plans green bonds issue, but should schemes take the plunge?
The UK government has an ambitious climate and environmental agenda and is set to issue its first green gilt in September 2021, with at least one more issue before the end of the year. Green gilts to the value of £15bn will be issued in the 2021-22 financial year.
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NewsIndustry welcomes govt’s new green gilts
The government is to press ahead with “at least two” green gilt issuances later this year totalling around £15bn, and on Wednesday published its Green Financing Framework setting out its climate and environmental agenda in more detail.