Wells Fargo Scraps Net-Zero Financed Emissions Target and 2030 Sector Goals
Wells Fargo has dropped its 2050 net-zero financed emissions commitment and discontinued sector-specific reduction targets for oil and gas, power, and other industries.
Saudi Arabia's NDMC Prices Inaugural EUR 1.5 Billion Green Bond Under Kingdom's ESG Framework
Saudi Arabia's National Debt Management Centre priced a EUR 1.5 billion 7-year green bond on 25 February 2025, the Kingdom's first ESG-labelled sovereign debt issuance.
ABN AMRO Becomes First European Financial Institution to Issue EU Green Bond Under New Standard
ABN AMRO priced a EUR 750m six-year EuGB at 3.000%, becoming the first financial institution in Europe and first Benelux issuer under the new EU Green Bond Regulation.
Indonesia's OJK Publishes Version 2 of Taxonomy for Sustainable Finance, Expanding Sector Coverage
Indonesia's OJK released the second edition of its Taxonomy for Sustainable Finance, broadening sector scope and aligning with ASEAN standards to guide capital toward the country's net-zero target.
Al Rajhi Bank Closes Second USD 1.5 Billion AT1 Sustainable Sukuk in Twelve Months
Al Rajhi Bank priced its second USD 1.5bn AT1 sustainable sukuk in twelve months, reinforcing its position at the forefront of Islamic sustainable finance in Saudi Arabia.
Brazil Issues Second Sovereign Sustainable Bond in 2024 as Annual GSS+ Volume Rises 12% to USD 12 Billion
Brazil's Ministry of Finance issued its second sovereign sustainable bond of 2024, as the country's GSS+ volume reached USD 12bn, up 12%, and green bond issuance surged 85%.
Canada Issues CAD 2 Billion Seven-Year Green Bond as Fourth Issuance Under National Programme
Canada's federal government priced a CAD 2 billion seven-year green bond in February 2025, its fourth issuance under the national Green Bond Program, bringing total 2024-25 proceeds to CAD 4 billion.
SEB Reports 30% Growth in Green Asset Portfolio to SEK 82.7 Billion in 2024 Investor Report
SEB's 2024 Green Bond Investor Report shows eligible green assets reached SEK 82.7 billion at year-end, up 30% from 2023, with proceeds linked to 1.9 million tonnes of CO2 avoidance.
Morgan Stanley Publishes 2025 Sustainable Issuance Framework with Sustainalytics Second Party Opinion
Morgan Stanley has launched a unified sustainable issuance framework covering six use-of-proceeds categories, verified by Sustainalytics under ICMA principles.
JPMorgan Chase Exits Net-Zero Banking Alliance as Last Major US Bank to Depart the Coalition
JPMorgan Chase confirmed its departure from the Net-Zero Banking Alliance on 7 January 2025, saying it would pursue independent efforts on low-carbon technology and energy security.
Morgan Stanley Exits Net-Zero Banking Alliance, Leaving Only Three US Members in UN Climate Coalition
Morgan Stanley quit the Net-Zero Banking Alliance on 2 January 2025, pledging to maintain sustainability goals independently as Wall Street's retreat from the UN coalition neared completion.
Australia's APRA Tightens Climate Risk Supervision as Mandatory Reporting Begins in 2025
APRA enters 2025 with strengthened climate risk oversight, building on its CVA programme and CPG 229 guidance as mandatory reporting kicks in for large entities.