Ahren Lester

BP outlines oil production cuts and bolsters net-zero carbon ambition

BP has announced it will cut oil and gas production by two-fifths and increase its low-carbon investments ten-fold by 2030 in order to achieve its net-zero carbon ambition, whilst also halving its dividend.

5% of European insurer assets are EU Taxonomy eligible, says EIOPA

Only a "small proportion" of total assets held by European insurance firms may be eligible under the EU Taxonomy for sustainable activities, according to research by the European Insurance and Occupational Pensions Authority (EIOPA).

SUSI raises €300m for innovative flagship energy transition fund

Swiss asset manager SUSI Partners secured €300 million ($354 million) in the first closing for its new flagship energy transition fund, with an innovative structure to balance long-term investment with built-in liquidity.

A tenth of insurer investments in climate sensitive assets, says EIOPA

More than 10% of total investments by European insurers could be in sectors highly exposed to climate risk, according to preliminary data from the European Insurance and Occupational Pensions Authority (EIOPA)

100 EU Taxonomy-eligible firms identified by Morgan Stanley

Morgan Stanley has identified 100 listed European companies which it believes generate revenues eligible under the EU Taxonomy, but said data limitations constrain fuller assessment

KKR Global Impact fund snaps up stake in Spanish training firm

Private equity firm KKR has acquired a majority stake in a Spanish vocational training company as part of its Global Impact fund.

Bank of America becomes third US lender to join carbon accounting initiative

Bank of America (BoA) has joined the Partnership for Carbon Accounting Financials (PCAF), the third major US lender to join the initiative in the past week, as pressure builds on financial institutions to tackle the emissions of their lending and investment portfolios.

UK pension fund shifts half its assets amid tightened climate policy

UK pension fund Nest has strengthened its climate change policy as it targets net-zero carbon emission by 2050, divesting from coal and other controversial fossil fuels and diverting almost half its assets to 'green' investments.

Short selling can be effective ESG impact tool, says AIMA

Short selling can be an "effective tool" to mitigate carbon risks and can incentivise companies to improve their environmental, social and governance (ESG) performance, but data providers and regulators must also play their part, said a leading trade association.

Green and sustainability-linked loan round-up: M+S, Naturgy, UOL, Argent