News

Brookfield offers $6.1bn to delist French energy developer

Brookfield has reached an agreement to take a majority stake in French renewable energy developer Neoen and take the company private, in a deal that values the company at €6.1 billion ($6.6 billion).

Asset owners slow to set recommended decarbonisation targets, PAAO report reveals

Several signatories to the Paris Aligned Asset Owners (PAAO) initiative have been flagged for being slow to set some of the recommended decarbonisation targets, as it published its first progress update.

IDB: Brazil 'green' foreign exchange hub is scalable and impactful

A senior adviser to the Inter-American Development Bank (IDB) is working on making its 'green' foreign exchange (FX) hub launched with Brazil earlier this year scalable for other countries as a means to reduce hedging costs for investors and boosting sustainable investment to emerging markets.

Some 40 insurers set out plans for nature action with UN

The UN's Principles for Sustainable Insurance (PSI) has outlined the "concrete outputs" it aims to produce from its Nature-Positive Insurance (NPI) working group.

Investor group backs SEC over courts for shareholder rights

A group of 39 investors representing combined assets under management of $5.2 trillion have backed the Securities and Exchange Commission (SEC) to continue as the preferred arbiter of shareholder proposals in the US.

Averon Park plots acquisition of Foresight Sustainable Forestry Company

Sustainable infrastructure investor Averon Park has made a bid to acquire and take private London-listed timber investor Foresight Sustainable Forestry Company in a cash deal valuing the company at £167 million ($212.3 million).

Bond round-up: Qatar, Emirates Islamic Bank, Pandora ... and more

US government's carbon market principles provide 'cover' for buyers

Principles for 'high integrity' voluntary carbon credits published by the US government will provide companies with "air cover" against concerns that they will be criticised for participating in the markets, according to a senior figure.

SBTi updates criteria to enable 'ambitious' near-term targets

The Science Based Targets initiative (SBTi) has released criteria updates and resources for financial institutions to set "ambitious" near-term emission-reduction targets to keep warming to 1.5°C as well as the introduction of fossil fuel finance criteria.

Amundi: 'Very high potential' for sustainability-linked loans, bonds

French asset manager Amundi said sustainability-linked debt instruments can be the "right" transition impact finance tools, in particular sustainability-linked loans (SLLs) for decarbonising the balance sheets of banks.