Climate-friendly PE investments do not lead to lower performance

Analysis from global consultancy partnership Kearney has revealed that private equity investments focusing on climate protection, besides having a positive effect on the planet, do not sacrifice profitability. The exploratory study, in conjunction with the Technical University of Munich and climate change-focused start-up ‘right, based on science.’, reveals that climate protection and attractive returns can […]

Calls for green infrastructure to qualify for EIS investment in upcoming March budget

The Chancellor should make green infrastructure projects eligible for the Enterprise Investment Scheme (EIS) in the upcoming March Budget, says Growthdeck, a private equity investment firm. Growthdeck believes that opening up EIS to green infrastructure projects again will help towards meeting the UK’s goal of bringing greenhouse gas emissions to net zero by 2050. Investment […]

BlackRock’s Fink says investors demand sustainable strategies

Companies that do not adopt sustainable business strategies can expect less investment as shareholders grow more focused on topics like climate change, BlackRock Inc CEO Laurence Fink said on Thursday. Fink said he has been telling corporate boards they will see “money moving in to more sustainable strategies. And if you’re not part of that […]

BlackRock can push harder on climate change

BlackRock’s long road to green leadership has passed another milestone. The $9 trillion asset manager on Wednesday said it would require companies which emit lots of carbon dioxide to set nearer-term targets for cutting greenhouse gases, as well as more fully disclosing their true emissions. That’s progress, but BlackRock can still go further. The latest […]

Brookfield Pursues $7.5 Billion Fund Devoted to ‘Net-Zero’ Shift

Brookfield Asset Management Inc. plans to raise at least $7.5 billion for a new climate-focused fund, as the Canadian investment firm builds out an ESG business led by former Bank of England Governor Mark Carney. The Brookfield Global Transition Fund seeks to take advantage of accelerating interest in solutions to the global climate crisis, with […]

The Boom in ESG Shows No Signs of Slowing

The numbers are simply astounding. Governments, corporations and other groups raised a record $490 billion last year selling green, social and sustainability bonds. A further $347 billion poured into ESG-focused investment funds—an all-time high—and more than 700 new funds were launched globally to capture the deluge of inflows. And 2021 is shaping up to be […]

BlackRock is forcing finance to take climate risk seriously

BlackRock, the world’s largest investment firm, will put sustainability at the center of its investment strategy going forward, according to CEO Larry Fink’s annual letter to chief executives. The letter states that BlackRock, which manages almost $7 trillion in assets, will immediately stop investing in companies that “present a high sustainability-related risk,” such as coal […]

KKR to float private InvIT in bid to house renewable assets

KKR set up Virescent Infrastucture to manage its investments in green energy assets in India. This will be the second InvIT backed by KKR in India. Private equity firm KKR is setting up a private infrastructure investment trust (InvIT) to house operating renewable energy assets it aims to acquire in India, said two people aware […]

Sunpower Group divests non-core business for 2.3b yuan in management buyout

SUNPOWER Group is divesting its manufacturing and services (M&S) business for 2.3 billion yuan (S$463.3 million), after which 1.3 billion yuan of the net proceeds will be used for a proposed special dividend amounting to 1.1627 yuan per share on a fully-diluted basis. The group announced on Thursday that it has agreed to fully sell […]