Christopher Marchant

Bridges and AEA plan $400m SDG-aligned IPO

UK-based investment firm Bridges Fund Management and US-based AEA Investors plan to raise $400 million by floating a new 'blank-check acquisition company' with a focus on impact investing.

Net zero transition to cost $1-2tn a year, say energy companies

Achieving net-zero emissions worldwide by 2050 will cost $1-2 trillion a year, around 1.5% of global GDP, according to a report from coalition The Energy Transitions Commission (ETC).

UNEP FI: climate change already impacting loan portfolios

Extreme weather events such as storm surges, wildfires, sea level rise, inland flooding, drought, and other hazards are already impacting banks' lending portfolios

CA100+ creates benchmark for net-zero emissions

Engagement initiative Climate Action 100+ (CA100+) has developed a tool for companies to use when developing strategies for transitioning to net-zero carbon emissions.

CFTC: Climate change poses 'major risk' to US financial system

A report from a subcommittee of US federal regulator the Commodity Futures Trading Commission (CFTC), has found that all US financial regulators must recognise that climate change poses 'serious emerging risks' to the national financial system.

The Principles for Responsible Banking: One year on

What has the initiative achieved in its first year, and how might it yet need to evolve, asks Christopher Marchant

Trafigura signs $500m low-carbon financing facility

Commodities trader Trafigura has established a 'low carbon aluminium' financing platform of up to $500 million, with Natixis and Rabobank supporting Trafigura in the design and structuring of the instrument.

Credit Suisse launches 'ocean engagement' fund

Credit Suisse is to launch an engagement-focused, impact investment fund intended to improve ocean health, in partnership with Rockefeller Asset Management.

People Moves 4 September: UKSIF; BP; Macquarie; IIF; Symbiotics; GEF; Nordea; Danske Bank; CARN Capital; MainStreet Partners

GIG and Total to develop 2.3GW of offshore wind projects in S. Korea

Macquarie's Green Investment Group (GIG) and French oil and gas company Total are to co-develop an initial 2.3GW portfolio of floating offshore wind projects in South Korea.