Bonds

Morningstar to wind up SPO operations in Q1 due to concerns over scaling, 'remains optimistic' on core Sustainalytics business lines.

The latest developments in sustainable finance: UK pension fund votes to remain invested in defence; almost 200 products awarded Germany's FNG label.

The latest developments in sustainable finance: ASEAN regulators publish climate adaptation white paper; UK, European banks rank highest on adaptation, study shows.

The latest developments in sustainable finance: FCA calls for clarity on transition finance; TNFD, GRI back nature measurement protocol initiative.

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.

Budget also provides update on long-awaited taxonomy and development of sustainable bond framework.

Milestones continue to fall as issuers see strong market reception, but technical details and taxonomy usability continue to hamper uptake.

The latest developments in sustainable finance: BlackRock publishes voting statistics; investors set out corporate CAHRA expectations.

Group proposes adding unlisted companies to Net Zero Engagement Initiative, opens up other big firms to targeted bond engagement.