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How to avoid 'rip-offsets'
01 September 2009With carbon offsets likely to be central to any US carbon cap-and-trade system, Kenneth Ivanic suggests what buyers should be looking for
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A man with a mission
01 September 2009Hajime Watanabe may work for a Japanese investment bank, but his approach to environmental finance looks beyond the bottom line. He talks to Mark Nicholls
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Khosla closes $250m seed fund
01 September 2009Venture capital firm Khosla Ventures has closed a $250 million clean-tech investment fund, called the Khosla Ventures Seed, with the help of a $60 million commitment from the California Public Employees' Retirement System (CalPERS).
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iii launches 'first' green property fund in Germany
01 September 2009Germany's iii-investments, a subsidiary of HypoVereinsbank, has launched a real estate fund that will focus on investing in sustainable and energy efficient office blocks in Europe.
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FTSE, HSBC chosen by New York pension fund for green investments
01 September 2009The New York State Common Retirement Fund (CRF) is to invest $100 million each against the FTSE Environmental Technology 50 and the HSBC Global Climate Change Index, as the first investments under its planned $500 million 'Green Strategic Investment Program' (GSIP).
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Five firms ejected from PRI
01 September 2009Five financial institutions have been delisted from the Principles for Responsible Investment (PRI) initiative after failing to file an annual report on how they are integrating environmental, social and corporate governance issues into their investment processes. Meanwhile, one of the largest US pension funds has voluntarily left the UN-backed initiative.
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Chinese PE fund targets $350m
01 September 2009Chinese private equity firm Nature Elements Capital is hoping to raise $350 million into US dollar and yuan-denominated funds over the next two years to invest in clean energy projects and companies.
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Cheviot eyes October launch for climate fund
01 September 2009UK-based Cheviot Asset Management is hoping to launch a sustainability-orientated investment fund in October with £20 million ($32 million) in commitments, according to its recently appointed portfolio manager Claudia Quiroz (see People, page 14).
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CCC to manage Russell equity fund
01 September 2009US-based Russell Investments has launched an equity fund that aims to outperform by "investing in a manager that takes high-conviction active positions in companies that are affected by climate change".
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World's biggest firms must double carbon cuts – CDP
01 September 2009Many of the world's 100 largest companies are setting targets to cut their greenhouse gas (GHG) emissions, but they must double the pace of action to avoid dangerous climate change, a report by the Carbon Disclosure Project (CDP) and UK telecoms firm BT has concluded.