Transition finance

The latest developments in sustainable finance: Barclays forecasts state-level fightback on US renewables, MDBs publish guide to nature metrics.

Market participants say issuers had been put off label by lack of clear standard, welcome high rigour of guidelines.

Growing demand and proliferation of transition-focused taxonomies prompted long-awaited launch of transition bond guidelines, says ICMA.

Second iteration of guidelines resolves 'confusion' on 1.5C criteria, simplifies eligibility checklist to address market concerns.

Study finds that, while transition strategies use forward-looking criteria to select investments, they are not used for progress checks.

The latest developments in sustainable finance: SEC to allow Exxon push to automate retail investor votes; hedge funds 'more restrictive' on ESG communication.

Transition Finance Council also urges financial institutions to consider physical climate risks and how adaptation is factored into capex plans.

Asset managers welcome country's commitment to develop programme but warn that robust framework is necessary to build market trust.

EU Omnibus developments flagged as UK policymakers launch long-awaited consultations on standards and mandatory transition plans.

Indonesian and South African miners back in after meeting fund’s transition readiness standards, as is Australia's Whitehaven.