Signed on 22 April 2016 at the United Nations headquarters, the Paris Agreement stands as one of the most ambitious international commitments to tackling climate change. Its objectives are straightforward: to keep global warming well below 2°C and, ideally, limit it to 1.5°C above pre-industrial levels, while strengthening adaptation and resilience and aligning financial flows with low-carbon development pathways.

A brief investor-focused update on EU sustainability rules - what changed in the Omnibus, where SFDR 2.0 is heading, and what it could mean for product classification and disclosures.

The International Capital Market Association (ICMA) recently introduced the Climate Transition Bond label under its Principles, to channel capital towards projects that support the decarbonisation of high-emitting sectors, in line with the goals of the Paris Agreement. Representing a logical and necessary evolution in sustainable fixed income markets, the label's success will depend on disciplined execution and investor confidence.