Equity

World Federation of Exchanges launches draft principles for transition equities

The World Federation of Exchanges (WFE) has published draft Transition Equity Principles for stock exchanges globally that set out a framework for identifying companies on credible decarbonisation pathways.

General Atlantic climate-focused fund backs grid simulation software

Climate-aware US equity strategy launched

Japanese reforms threaten to limit shareholder proposals, ClientEarth warns

Plans to reform Japan's Companies Act threaten to limit the ability of smaller shareholders to file shareholder proposals and harm sustainability-related stewardship, ClientEarth has warned.

NBIM sides with BP over rejection of climate proposal

Glass Lewis, L&G to vote against BP board chair over climate proposal

IP Group and CEFC launch Aussie cleantech fund

London-listed venture capital investor IP Group has launched a fund with Australia's Clean Energy Finance Corporation to support Australian cleantech companies.

Pension fund 'puzzled' by failure of Maersk sustainability proposals

The failure of two sustainability-related shareholder proposals at shipping giant Maersk's AGM this week was described as "puzzling" by their filer, AkademikerPension, which argued the proposals cover potentially financially material issues.

Carbon Equity launches $50m climate tech fund

Carbon Equity has launched a climate technology fund, with $20 million already raised against a $50 million target.

KKR impact fund closes its first Japanese deal

KKR's Global Impact Fund II has closed a deal to take a majority stake in Tokyo-listed Forum Engineering Inc, as part of its plans to take full control of the company.

Maynilad secures pioneering 'green equity' label in Philippines

Water and waste firm Maynilad Water Services has secured the first Philippine 'Green Equity' label ahead of its initial public offering (IPO), which is believed to be also the first green equity deal in Asia Pacific (APAC).

Gresham House doubles down on transition, with acquisition of SUSI Partners

Alternatives asset manager Gresham House has acquired Swiss energy transition infrastructure investor SUSI Partners, in a move that will drastically expand its energy transition business and give it greater access to Asian markets.

Manager selected for €150m private equity biodiversity fund

A group of French asset owners has selected an asset manager to run a €150 million ($176 million) biodiversity-focused private equity fund, which has been set up to prove such funds can make returns while having a positive impact.

Drax shares slide after it reveals FCA investigation

Private equity increasing focus on sustainability amid concern over exit failures, says Anthesis

Growing perception of an increasing number of exit failures over the past six months is leading more private equity firms to prioritise sustainability due diligence to attract potential buyers, according to consulting firm Anthesis.