Elena K. Johansson

SASB moves closer to finalising its standards

The Sustainability Accounting Standards Board (SASB) is in the final stage of codifying its standards.

Science-based targets gain traction in climate fund rating methodology

A tool designed to help investors assess carbon risks in their portfolios has been updated to incorporate ‘science-based targets’, in a sign of the growing significance of these targets.

People Moves: Tideway, CalSTRS and Nature Conservancy

Morgan Stanley launches sustainability-focused fund

Morgan Stanley Investment Management (MSIM) has launched a global, low-carbon equity fund.

Innergex buys large-scale solar project in US

Innergex Renewable Energy has acquired a 250MW photovoltaic solar project in Texas, with a Wells Fargo subsidiary expected to come in as a tax equity investor when commercial operations begin.

Climate Action 100+ expands its reach and attracts new backers

An additional 61 companies have been added to Climate Action 100+ list, increasing the reach of the investor-backed initiative that aims to engage with "systemically important greenhouse gas emitters".

TPI plans new index to accelerate low-carbon transition

The Transition Pathway Initiative (TPI) – an asset-owner led initiative backed by more than $9.3 trillion in assets – plans to create a new, global, low-carbon equity index.

Federated Investors takes majority stake in Hermes

Federated Investors, a US investment manager, has purchased a 60% stake in Hermes Investment Management from the BT Pension Scheme for a total consideration of £259.9 million ($341.5 million).

Zurich eyes infrastructure for its $5bn impact investment strategy

Zurich Insurance's impact investment strategy is about to trial new ground. The insurer said last week that it would explore the potential of infrastructure investments as part of its $5 billion impact commitment.

QMA to launch ESG quant solution based on SASB standards

QMA Research, a quantitative investing solutions provider, is to launch its first strategies specialising environmental, social, governance (ESG) quant investing later this year.