Generation to pay $600m for stake in Octopus Energy
Generation Investment Management has agreed to pay up to $600 million for a 13% stake in Octopus Energy, in a deal that values the renewable energy provider at about $4.6 billion.
Introducing 'instrumental impact' and 'ultimate ends impact'
Freshfields this week released a report on the legal implications of impact investing, which also sought to introduce new terminology to the investment niche. Peter Cripps reports
Food systems: Investment risk and opportunity, Part one
Moving to more sustainable food production is necessary to cut GHG emissions and biodiversity loss - but assessing risk and opportunity can be hard, Michael Hurley writes
'Enormous' opportunity in natural climate solutions, says Generation IM
There is "enormous" potential for positive climate impact and financial returns in 'natural climate solutions' including regenerative agriculture and sustainable forestry, according to a partner at Generation Investment Management.
Rise Fund, Generation, CPPIB invest in CSR software provider
TPG's Rise Fund, Generation Investment Management, Canada Pension Plan Investment Board, AIMCo and Vestcor have invested an undisclosed sum in Benevity, a provider of 'corporate purpose' software.
TCFD advised to abandon implied temperature rise metric
The Task Force on Climate-related Financial Disclosures (TCFD) secretariat should not include in its list of recommended disclosures estimates of the 'climate warming potential' of assets, according to the Transition Pathway Initiative (TPI).
Impact: Six areas to watch in 2021
A legal framework for impact, harmonisation of reporting frameworks and the rise of impact indexes could shape 2021, writes Michael Hurley
$9trn collaboration of asset managers commit to net zero emissions
The Institutional Investors Group on Climate Change (IIGCC) has formed an initiative of asset managers, representing over $9 trillion, which have committed to align their portfolios with the goals of the Paris climate agreement.