Scotiabank has raised EUR 1 billion in its first-ever issuance of a European Green Bond
Scotiabank has issued its inaugural EUR 1 billion, 5-year senior fixed rate Green Bond (the “EUR Green Bond”) in the European market pursuant to Scotiabank’s Sustainable Issuance Framework released on April 5, 2024 (the…
The European Court of Human Rights (ECHR) has ruled that not taking action on climate change violates human rights in significant cases
Key Impact Points: Verein KlimaSeniorinnen Schweiz and Others v. Switzerland In a groundbreaking decision, the European Court of Human Rights (ECHR) has issued a landmark ruling in a climate case…
70% of European companies spend less than 25% of their capital expenditure on green projects, according to a new analysis by CDP and Oliver Wyman
A majority (70%) of European companies allocate less than 25% of their capital expenditures (CapEx) toward transitioning to a net-zero economy, as revealed by new analysis from CDP and Oliver Wyman. Meanwhile,…
Iceland's First Green Bond worth 750 million Euros Launched
The Republic of Iceland issued a green bond in the amount of 750 million euros, the equivalent of ISK 111 bn. The bond bears a 3.5% fixed rate coupon, a…
Germany is expected to meet its 2030 climate goals, according to the government
The Federal Government believes that Germany’s climate targets for 2030 are achievable. “Providing we stay on course, we are set to achieve our 2030 climate targets,” said Economics and Climate…
PRI Reveals 2030 EU Policy Roadmap to Encourage Private Investment in Europe’s Economic Transition
The Principles for Responsible Investment (PRI) has published its 2030 EU Policy Roadmap, outlining important suggestions for European policy makers to speed up private investment in the economic transition. The report presents…
MEPs Support Strict EU Rules to Reduce Textile and Food Waste
On Wednesday, Parliament approved its suggestions to better prevent and decrease waste from food and textiles across the EU. MEPs approved their initial stance on the proposed update of the Waste…
Parliament is suggesting stricter checks for environmental marketing claims to protect consumers better
Parliament has adopted its position on establishing a verification and pre-approval system for environmental marketing claims to protect citizens from misleading ads. The green claims directive would oblige companies to…