News

Varma weighing merits of EU PABs for high-yield climate benchmark

Varma is preparing to move some of its passive allocations for high-yield corporate issuers to a climate-themed exchange-traded fund (ETF), possibly one that tracks an EU Paris-aligned benchmark (PAB).

EU taxonomy ambition 'insufficient' on nuclear, says Platform

The European Commission's taxonomy proposals for nuclear power generation will fail to ensure such activities do not harm the bloc's environmental objectives,...

CA100+ investors to back shareholder resolution at Shell

Shareholders at oil giant Shell have announced plans to back a shareholder resolution at its upcoming annual general meeting pressuring the company to address climate risks.

Call to exclude biodiversity offsets from EU Taxonomy

The proposed EU taxonomy of sustainable activities should be amended to exclude projects that generate biodiversity offsets, advisory group the Platform on Sustainable Finance (PSF) has said.

Green bond conversions are 'extreme case of lack of additionality'

The conversion of historic bonds to 'green' format is "problematic" for the market, as it represents an "extreme case" of lack of additionality, according to Nomura.

Actis launches $500m Japanese renewables business

Actis has launched Nozomi Energy, a $500 million renewables business which will acquire solar and wind assets across Japan.

'Watered down' sustainable bond commitments a 'big problem'

Issuers presenting weak commitments and project specificity with their sustainable bond issues are a "big problem" - especially for social bonds - and emphasises the importance of starting with issuer-level sustainability analysis, according to PGIM.

Pleas for EU to delay taxonomy reporting or risk poor disclosures

Investors and businesses have asked the EU Commission to delay taxonomy reporting requirements for eligible activities against the four new objectives.

People moves 5 May: Brown leaves Impax for Conduit

KKR Impact buys data centre cooling firm CoolIT

KKR's Impact strategy has agreed to buy data centre cooling company CoolIT, in a deal expected to close in the second quarter of this year for an unspecified sum.