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Axa IM invests in Althelia Sustainable Ocean Fund
13 September 2018AXA Investment Managers (Axa IM) has committed to invest in the Althelia Sustainable Ocean Fund, as the fund raised about $38 million at first close.
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Candriam to divest more than €500m as part of coal exclusion policy
12 September 2018Luxembourg-based asset manager Candriam has announced it will divest from, and make no further investments in, thermal coal.
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UK pension trustees must reveal ESG policy under new rules
12 September 2018Trustees of UK-based pension schemes will be required to state how they consider environmental, social and governance (ESG) factors in their investment strategies from next year, following regulatory changes.
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Peak demand for fossil fuels likely in five years, Carbon Tracker predicts
11 September 2018A likely peak in demand for fossil fuels in 2023 will put trillions of dollars of investments at risk of being stranded, according to the Carbon Tracker Initiative.
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Ireland readies sovereign green bond
10 September 2018The Republic of Ireland is preparing to issue its first green bond, as it looks to forge a reputation as a global leader in green finance.
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Setting a European benchmark
10 September 2018The European Commission's bold proposals to reform benchmark regulation are designed to increase the flow of green finance and reduce the risk of 'greenwashing'. Michael Hurley asks why change is required
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Majority of world’s largest pension funds neglect climate risk, says AODP
10 September 2018Nearly two thirds of the world’s largest pension funds have little or no disclosed strategy on climate change, potentially putting them at risk of breaching their fiduciary duty to savers, according to a study by the Asset Owners Disclosure Project (AODP).
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NBIM urges better ocean sustainability management
07 September 2018Companies have been urged to take into account the challenges and opportunities related to sustainable use of the world’s oceans by the asset manager of the world’s largest sovereign wealth fund.
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NextEra yieldco to pay $1.3bn for renewables assets in dropdown deal
07 September 2018NextEra Energy Resources has agreed to sell a 1.39GW portfolio of renewables assets to its parent company’s yieldco, for a sum of $1.275 billion.
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EIB enters sustainability bond arena with ground-breaking issue
06 September 2018The European Investment Bank (EIB) has issued its inaugural Sustainability Awareness Bond (SAB), the first in a series that expands its labelled bond issuance programme beyond Climate Awareness Bonds (CABs).