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Visa, Con Edison Green Bonds Fail to Meet Standards, CBI Says

  • Debt sold by Boston Properties, municipalities also fall short
  • CBI says excluded dollar-denominated bonds aren’t good enough
Visa Stalls Plans to Raise Fees for Some In-Store Retailers
Photographer: David Paul Morris/Bloomberg
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Visa Inc. and Consolidated Edison Inc. are among a growing list of blue-chip US companies to be told their green bond offerings aren’t up to snuff.

For the first time in its 13-year history, the Climate Bonds Initiative, an influential London-based research organization focused on the $4 trillion ethical debt market, is publicly identifying more issuers that fail to meet its standards for environmental impact or transparency.