RPIA SUSTAINABILITY REPORT 2022
OVERVIEW FIRM
35
INVESTMENT MANAGEMENT
Is the “Greenium” Dead? The Maturing of ESG Debt Markets In the past few years, we’ve seen ESG- labeled bonds benefiting from a cost advantage that became known as the “greenium.” As the ESG bond market has grown, we’ve noticed this “greenium” fade as the market matures and the advantages ESG bond issuers once had becomes tied to the ambition of their projects, not just the label of their bond.
Climate Risk Takes Centre Stage Codifying Climate Disclosures The SEC recently unveiled its landmark proposal requiring companies to disclose a variety of climate-related data as part of their annual reports and audited financial statements, covering both quantitative and qualitative information. We see this as an important step in the codifying of climate-related risks in line with what we already see in the Eurozone. | Read More
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Continued Firsts for the Canadian SLB Market Tamarack Valley Energy’s example of tying social impact to their financing Tamarack Valley Energy made a mark in the Canadian SLB market as the first Canadian oil and gas exploration and high yield issuer to enter the SLB market, tying financing costs to their ESG targets.
Evolution of the EU Taxonomy The Inclusion of “Transition” Technology The EU Taxonomy is a classification system that defines environmentally sustainable economic activity under EU law. in this article, we look at where we stand and our views on the taxonomy, especially for natural gas and nuclear energy.
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