Bloomberg Standard Chartered Plc (StanChart) opened a desk to trade natural gas and carbon following a record-breaking run for both commodities. The so-called energy transition desk began operating last month, Standard Chartered said. Prices for gas have soared on a lack of supply, with carbon permits following suit as utilities switch to cheaper — but dirtier — coal-fed power plants. ...

Bloomberg Deutsche Bank AG has just completed its first green repurchase agreement, marking another foray into a world of increasingly complex ESG instruments. It’s the latest example of product proliferation in a market that’s moving much faster than regulators. JPMorgan Chase & Co. has already said it plans to attach environmental, social and governance labels to all forms of finance, ...

Bloomberg Punjab National Bank’s (PNB) board has approved plans to raise 60 billion rupees ($816 million) through sale of bonds. The New Delhi-based lender, which has been hit by a slew of scandals of the past years, can raise funds by issuing one or more tranches of Additional Tier 1 or Tier 2 notes that comply with Basel III capital norms, ...