$7 trillion borrowed against promises. Nobody keeps the score.
$7tn
Cumulative labelled sustainable debt
1,100+
Sustainability-linked bonds tracked
245
Targets reaching their deadline in 2025
Over 1,100 sustainability-linked bonds carry coupon step-ups, real money that changes hands when a climate target is missed. In 2026 alone, issuers including Towngas and JAB Holdings triggered stepups after missing targets. The market found out late, from footnotes. Ratings tell you who might default. No one tells you who delivers.
Global Updates
Critical analysis and tracking updates on high-stakes institutional climate commitments and market transitions.
The Towngas Precedent: Why Fixed Income is Finding Greenwashing Late
An investigation into how coupon step-ups are being missed by ratings agencies and discovered only in footnotes.
IFRS 9 and the 2026 Disclosure Cliff for SLB Holders
What institutional investors need to know about new reporting requirements for sustainability-linked bond terms.
Mapping the Outcome: Why Evidence Trumps Opinion in ESG Ratings
Exploring Oltius's source-backed ledger approach versus traditional sentiment-based ratings methodologies.
How It Works
The institutional framework for tracking environmental finance commitments.
Identifying institutional commitments
PROMISE
EVIDENCE
Validating public records
OUTCOME
Mapping actual delivery
RECORD
A source-backed ledger
UNDISCLOSED indicates a target date has passed but verification data has not been disclosed. We extract every commitment, match it against subsequent reports, adjudicate the outcome, and post it to the record.
Core Intelligence
Scoreboard
Free
The public record
Step
Subscription
The early signal
API
Licence
The machine-readable feed
01
IFRS 9 (2026) forces SLB terms data on every holder.
Why Now
02
EU ESG Ratings Regulation (July 2026) rewards factual records over opinions.
03
Banks are deploying AI underwriting that needs source-cited data.
