The Bank of England has published details of how it will green its Corporate Bond Purchase Scheme. This follows publication of a Discussion Paper in May, and subsequent engagement with a wide range of stakeholders including net zero investment experts, asset managers, climate groups and the wider public. The approach, published alongside a Market Notice, implements the principles set out in that Discussion Paper. It is consistent with targeting a 25% reduction in the weighted average carbon intensity (WACI) of the CBPS portfolio by 2025, and full alignment with net…
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