Sovereigns and central banks

Analyses of Supranational, Sovereign and Agencies (SSAs) as debt issuers and policymakers. We review the role of central banks and regulatory authorities in setting market standards and their approaches to decarbonisation.

ECB climate policy and EUR bond dynamics


We explore the ECB's clear shift in its climate policy framework.

ECB climate policy: Paradigm shift


An ECB speech indicates a paradigm shift in terms of central bank climate policy.

Tilt and run again - Bank of England is selling corporate bonds


We explore how the Bank of England intends to green its portfolio.

Environmental gilt


In this report, we analyse how corporate sterling green bonds performed amid volatility in the UK markets.

What if...the ECB had decarbonised its portfolio from the start?


We look into how the ECB can decarbonise its portfolio.

Tilt and Run: ECB climate policy update


The ECB announces further steps to incorporate climate change into their monetary policy operations.

The steps of a government building.

The Reformed SSA Trader: Kreditanstalt Fossil Wiederaufbau?


Recent developments put KfW's green bond investors in an awkward position.

Wind-down (of CSPP) is coming


Inflation is pushing central banks to act on their green portfolios.

SFDR subsidiary ESG disclosures: ESMA clarifications


ESMA clarifications are useful to avoid circumvention of certain end investors’ sustainability criteria.

Chile sustainability-linked bond: Optionality analysis


Chile’s SLB issuance is constructed with a set of robust KPIs.

Sri Lanka: restructuring with biodiversity links?


Its natural to include sustainability criteria in a restructuring of Sri Lanka's USD bonds.

SSA carbon exposures: JBIC New Year's announcement


A report covering JBIC's recent loan facility to a key Russian oil company.