The international market for sustainable Islamic finance continues to grow and develop. To help establish globally consistent standards, ICMA, IsDB and LSEG recently published practical guidance for issuers and other key...more
On October 31, 2023, the International Capital Market Association (ICMA) announced that it would be forming a working group to develop a voluntary code of conduct for Hong Kong-based ESG ratings and data providers. ICMA will...more
Vienna Stock Exchange - In the latest issue of Dechert’s international capital markets team’s “In Conversation With…” series, partner Jennifer Rees and associate Kerenza Kerslake sit down with Matthias Szabo and Dimitrios...more
As we reach the midway point of 2023, the Hogan Lovells Sustainable Finance and Investment practice thought it would be useful to provide a review of recent key ESG developments from March-June 2023 to assist with navigating...more
When the European Parliament announced that political agreement on the EU Green Bond Regulation (the Regulation) had been reached with the Council on 28 February 2023, rapporteur Paul Tang was quoted as saying...more
La Superintendencia Financiera de Colombia (SFC) expidió recientemente la Circular Externa 020 del 29 de julio de 2022 mediante la cual se define el contenido que deberán tener aquellos prospectos de información que tengan...more
Challenges create opportunities and the environmental and social challenges we currently face are no exception. In this paper we consider the opportunities provided by sustainable finance, and more specifically impact...more
The Growing Trend of Gender Bonds in 2022 - Sustainable investing has experienced significant growth in recent years due to a continued and increasing focus on environmental, social and governance (“ESG”) factors by...more
The need for one set of clear environmental, social and governance (“ESG”) guidelines remains an issue of increasing interest and importance for capital markets participants. Sustainable bonds are one of the fastest...more
In line with its focus on transitioning to a sustainable global economy through scaling up the financing of investments that provide environmental and social benefits, on 16 November 2021 the International Capital Markets...more
As “Green Bond” designations become more prevalent in the public finance market, many health care providers are asking: Are Green Bonds Right for Me? Not all transactions are able to achieve designation as Green Bonds,...more
Environmental, Social, and Governance (ESG) bonds have generated increasing investor demand, media attention, and regulatory focus over the past several years. ESG bonds, broadly encompassing “green bonds” and “social bonds,”...more
In this infographic, we break down the key differences between the International Capital Market Association (ICMA) Green Bond Principles and the proposed EU Green Bond Standard. The infographic can also be downloaded...more
The International Capital Market Association (“ICMA”) submitted June 15th comments to the Securities and Exchange Commission (“SEC”) in response to a request for public input on current potential regulation of climate change...more
Environmental, social and governance (ESG) factors are becoming increasingly relevant across a range of financial investments. This has been driven in part by changes in the legal and regulatory landscape, including increased...more
The ESG bond market is growing by leaps and bounds, buoyed partly by the COVID-19 pandemic. Our Finance Group takes a look at some recent green and sustainability-linked bond offerings in the sub-investment-grade market and...more
A flurry of changes to stock exchange rules and capital markets regulation and practice have been introduced following the end of the Brexit transition period in the UK on 31 December 2020, as well as new initiatives launched...more
We break down the key differences between the ICMA Green Bond Principles and the proposed EU Green Bond Standard in the infographic below...more
Following the end of the Brexit transition period, debt capital markets participants may now need to consider both EU rules and the parallel UK rules for EU and UK transactions, particularly those that are cross-border. ...more
The International Capital Market Association ("ICMA") has published its much anticipated Climate Transition Finance Handbook1 (the "Handbook"). Unlike previous releases, the Handbook does not comprise a formal set of...more
On December 9, 2020, the International Capital Market Association (ICMA) released its Climate Transition Finance Handbook (Handbook) and related Q&As to guide issuers in connection with the issuance of...more
UK BMR: FCA approach to orderly wind down of LIBOR and consultation on Statements of Policy - The UK Financial Conduct Authority has published a document on the Benchmarks Regulation (UK BMR) and proposed amendments under...more
Annual transparency calculations for non-equity instruments: ESMA grants option to postpone to 21 September 2020 - The European Securities and Markets Authority (ESMA) has announced that trading venues and investment...more
In the wake of the unprecedented success of sustainability-linked loans, the concept of linking a debt instrument to sustainability performance and its utility was quickly adopted by the bond market with the creation of...more
La finance durable connaît une popularité considérable depuis quelques années alors que les promoteurs font valoir que les opérations liées à la durabilité constituent une façon novatrice et efficace d’améliorer la durabilité...more