The unregulated product is increasingly offered by ESG raters to gauge how “green” a bond or loan is. But “overly positive” reviews challenge their ability to bring credibility to the trillion-dollar sustainable debt market, experts say.
Speaking at Eco-Business's flagship summit, environmental sustainability minister Nik Nazmi also said there is government will to ultimately shift away from a regime in which its largest utility TNB has near monopoly on energy distribution.
Curated by finance correspondent Gabrielle See, the explainer series was commended by judges for 'bringing clarity to Asia's sustainable investing space'. A documentary short on Asia's mounting waste crisis earned an honourable mention nod.
Aimed at banks with sizeable sustainability-linked loan books, International Capital Market Association’s latest guidelines for so-called sustainability-linked loan financing bonds seek to incentivise accountability for eligible loans.
The sustainable development goal financing gap has widened significantly in many developing countries in the region. Coordinated multi-stakeholder regional partnerships and cooperation are needed to mobilise new resources.
By
Naoko Ishii
It is no exaggeration to say that the GCF’s replenishment campaign is a test of the world’s commitment to combating global warming. A successful outcome would not only help close the massive global climate financing gap, but would also allow developed countries to rebuild trust by showing that they understand the urgency of the crisis.
By
Mahmoud Mohieldin and
Vera Songwe
Linking work on nature and climate goals to debt repayment could give indebted countries the space they need to build resilience.
By
Simon Zadek and
Jayati Ghosh
The first auction on Malaysia’s new voluntary carbon market, the Bursa Carbon Exchange (BCX), took place on 16 March, with around RM7.7 million in carbon credits sold.
By
Dr Pieter E. Stek
ADX's chief strategy and transformation officer Matthias Büchler tells the Eco-Business podcast why sustainability is a key growth strategy and how the COP summit shaped ESG reporting for listed companies on the exchange.