Green

Energy efficiency-default risk correlation bolsters EEMI

A building’s energy efficiency has a negative and highly significant correlation with the risk of mortgage default, according to an Energy Efficient Mortgage Initiative (EEMI) study, which it says is the fullest analysis of the subject and a timely finding as the European Commission sets out its post-Covid-19 agenda.

Initiatives

Supras mobilise social bonds in Covid-19 fight

Investors have rallied to a wave of social-style bond issuance from supranationals aligned with the issuers’ role in the fight against the impact of the Covid-19 pandemic, providing at the same time a tonic for ailing fixed income markets. Neil Day explores the trend and the potential for such bonds.

Featured

Green and social bonds roundtable: Making a public impact

The broader sustainability strategies of green and social bond issuers and the impact of their issuance across a range of metrics are increasingly being focused on. Meanwhile, new varieties of sustainable bonds could yield benefits, but complicate the picture. Sustainabonds gathered leading public sector issuers and ESG-focused investors for a roundtable, hosted by SFIL, to discuss key developments.

Green

Rabobank quick to embrace EU Green Bond Standard

Rabobank recently aligned its green bond framework with the latest draft of the proposed EU Green Bond Standard and Sustainabonds spoke to Maarten Biermans, head of sustainable capital markets at the Dutch bank, about the issuer’s support for the initiative, notably the “do no significant harm” principle.

Green

TEG taxonomy report tees up ‘common language’

Stakeholders have largely welcomed the release of long-awaited green EU taxonomy proposals, which attempt to lay down green criteria to support sustainable finance, but opinions were divided over the extent to which weaknesses in the first draft had been addressed.