Collateral climate haircuts: the ECB’s new ‘climate factor’ could reshape bond portfolios
A climate risk adjustment to collateral valuations could steer capital away from carbon-intensive issuers
Fixed Income
Engaging with sovereign issuers: Developed Market investors can learn from Emerging Markets
When it comes to engaging with sovereigns on climate change, developed market investors can learn a thing or two from emerging markets, argues Claire Meier Underhill, investor director at ASCOR
Despite it all: what explains the resilience of green bonds?
The green bond market has been surprisingly resilient; the latest figures from the Climate Bonds Initiative show cumulative GSS+ debt has reached a $6tn milestone
UPP’s Barbara Zvan on the shift to inflation-proof and climate assets
UPP is now fully funded just four years after launch, CEO Barbara Zvan discusses the fund’s shift to inflation-protected assets, its C$1.2bn commitment to climate solutions, and the challenge of decarbonising private markets
Uninsurable mean uninvestable: pricing in physical and litigation risks
Investors are bracing themselves for a stark increase in litigation costs as the physical impacts of climate change become increasingly tangible yet pricing this in remains far from straightforward
Can labelled debt hold the key to tackling methane abatement?
The Methane Finance Working Group recommends a new approach to oil & gas debt structuring, linking it to methane abatement
The dragon takes flight: tailwinds for China’s first green bond issuance
China has launched its first sovereign green bond, the issuance is significant for three reasons – confidence, geography and timing, reports Atharva Deshmukh
Smart Pension’s James Lawrence on growing DC demand for green bonds
Thomas Helm speaks to James Lawrence, director of investment proposition at Smart Pension, to find out how the DC provider plans to green its fixed income portfolio
Beyond green: inside the nascent space of transition bond funds
A major challenge for net-zero-focused bond investors is finding not only credible but also financially attractive transition finance opportunities
Will transition debt become the new green for sovereigns?
Sovereign bond issuers have so far focussed on green debt, but could transition debt, aimed at decarbonising heavy emitting industries soon play a bigger role?
Out now: NZI Spark! Fixed income, a powerful lever
The second issue of NZI Spark!, our biannual digital magazine, is dedicated to the role of bonds on the road to net zero
NZI with Mona: how bond investors can tackle deforestation exposures
How can bond investors tackle deforestation risks across their portfolios? NZI editor Mona Dohle speaks to Josephine Richardson, head of research at the Anthropocene Fixed Income Institute to find out more.
NZI with Atharva - Unpicking Cambridge’s new bond index
Cambridge University has launched a new bond index to target fossil fuel expansion. NZI’s Atharva Deshmukh catches up with Dr Ellen Quigley, principal research associate at the Department of Land Economy and the special adviser (responsible investment) to the CFO at the University of Cambridge and Lily Macfadyen Tomson, senior research associate at Jesus College, Cambridge.
A2A misses SLB target, triggers 25bps coupon step-up
The company’s AGM documents show that renewable energy capacity addition fell short
Revealed: the companies with exposure to deforestation debt and how investors can engage
Multinational companies have raised more than $60bn of debt with exposure to deforestation in the first quarter of 2025 alone, but bond maturities offer investors a crucial window to engage