News

Mirova bullish about European renewables as it trumpets wind exit

Mirova said it continues to see opportunities in the European renewables market despite the macroeconomic outlook, as it exited a wind project investment that saw its valuation boosted by higher energy prices.

NZBA to publish accountability mechanism in 'coming weeks'

The Net Zero Banking Alliance (NZBA) will in "coming weeks" publish details of its procedure for engaging with members not meeting their commitments, ahead of a deadline for the founding members of UN-convened alliance to report their targets.

UK government urged to strengthen biodiversity credit legislation

The UK government has been urged by WWF to strengthen its mandatory biodiversity credit legislation, amid warnings that a lack of regulation creates is "fertile ground" for poor quality credits.

ESG fund flows outperform broader market in 'resilient' 2023

The flows into environmental, social and governance (ESG)-focused funds "outstripped" the broader market in 2023 despite overall inflow totals remaining lower than recent records, according to Barclays research.

Corporate sustainable bond issuance 'slump' to reverse in 2024, says Barclays

Corporate sustainable bond issuance in 2024 is forecast to reverse following a two-year "slump" as US dollar supply returns to growth following a sharp decline in 2023, according to Barclays.

M&G Investments backs bio-pesticide business to tune of €75m

M&G Investments has put €75m into biological pest and disease control business Biobest via its Catalyst strategy.

People Moves, 5 January: European Investment Bank, EdenTree, Kartesia, WesterHayes

Union Investment and DekaBank leave German SIF

Union Investment and DekaBank have left the German Forum Nachhaltige Geldanlagen (FNG), with the former saying the national sustainable investment forum and its label had become less relevant in the face of regulation.

Nature poses credit risk to Asian sovereigns

Nature-related risks such as flooding or cyclones pose a major credit risk to south and southeast Asian sovereigns, Fitch Ratings has warned.

Loan round-up XYD Financial, Sanko Holding, Pattern Energy ... and more