Morgan Stanley aims to support $750 billion in low-carbon investments by 2030
Morgan Stanley said on Tuesday it would seek to encourage an additional $750 billion worth of spending on low-carbon solutions by 2030 under a scheme which two years ago targeted $250 billion in investment. As part of the commitment, the bank said it would escalate activities such as green-bond financing and financing companies that support […]
Netherlands’ FMO to invest $137 million in Green Growth Equity Fund
Dutch development bank FMO will invest $137 million in Green Growth Equity Fund (GGEF), managed by EverSource Capital, that invests in India’ green energy space such as clean energy, transportation, resource efficiency and energy services. GGEF targets raising equity capital up of $940 million and has National Investments and Infrastructure Fund (NIIF) of India and […]
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 […]
Neuberger Berman launches two sustainable equity funds
Private investment manager Neuberger Berman is launching two sustainable equity UCITS funds to strengthen its ESG offering across asset classes, as the firm moves towards full ESG integration. More than 80% of Neuberger Berman’s US$405bn of assets under management are ESG integrated, up from 60% in 2017, and its ESG offering spans emerging market debt, global high-yield […]
One of India’s biggest renewable energy groups joins Spac craze
ReNew Power, one of India’s largest renewable energy groups, plans to go public in New York through an $8bn deal with a blank cheque company, as Wall Street’s Spac craze reaches one of Asia’s biggest economies. The energy company, which counts Goldman Sachs among its backers, will list on the Nasdaq in a deal with […]
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 […]
Daimler Trucks labour chief wants clean tech investments in Germany
Daimler Trucks, which is being spun off by its parent group later this year, should invest much of a 1.5 billion euro ($1.8 billion) fund for cleaner technologies in Germany, works council chief Michael Brecht said on Saturday. Daimler announced the fund on Feb. 3 alongside plans to spin off the world’s largest truck and […]
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 […]
Brookfield, two others bid for Fortum’s assets
Canada’s Brookfield Asset Management Inc., private equity firm Actis Llp and Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy Ltd have offered to buy a majority stake in Finnish state-run power utility Fortum Oyj’s 500 megawatts (MW) solar projects in India in a deal estimated at about 500 millions euros, said two people aware of the […]
