Archive

Third of investor votes back Mizuho Financial climate resolution

More than a third of Mizuho Financial investors backed a ground-breaking shareholder resolution urging the Japanese bank to disclose its climate risks and publish a plan to align investments with the Paris Agreement.

US hedge fund head quits to launch impact fund

Jeff Ubben has left $16 billion hedge fund manager ValueAct to set up an environmental and social impact fund.

Coronabonds webinar: Axa adopts 'flexible' approach as it invests heavily

Axa Investment Managers has tried not to be "too stringent" when assessing bonds issued in response to the coronavirus (Covid-19) pandemic, as its total investment in so-called 'coronabonds' approaches half a billion euros.

Bond round-up - EIB, Ford Foundation, NTT, EnBW, Livent, Daimler ... and more

KKR-backed platform makes water acquisition

A 'platform' of water cleaning companies established by private equity giant KKR and XPV Water Partners has bought a manufacturer of diffused aeration systems, and said it plans further acquisitions.

Energy efficiency outperforms amid 'enduring appeal'

Resource efficiency-focused investments have outperformed since the start of 2020, WHEB Asset Management tells Ahren Lester, as customers and investors recognise their "enduring appeal" despite the economic shock caused by the coronavirus pandemic

Pimco granted €1bn SDG bond mandate from Danish pension provider

Pimco has received a DKK 8.9 billion ($1.4 billion) mandate from Denmark's Industriens Pension, to invest in bonds that contribute to the 17 UN Sustainable Development Goals (SDGs).

Covid-19 poses 'most severe test yet for carbon markets' - IETA

The Covid-19 pandemic "represents the most severe test of the world's carbon markets to date, going far beyond the scope of the 2008 global financial crisis," said Dirk Forrister, president and CEO of the International Emissions Trading Association (IETA).

Investor support for Mizuho Financial climate resolution grows

Mizuho Financial faces growing pressure as more investors back a shareholder resolution calling on the bank to disclose its climate risks and publish a plan to align investments to the Paris Agreement.

Transition finance guidelines to be published 'by end of year'

A working group convened by the International Capital Market Association (ICMA) exploring the theme of 'climate transition finance' expects to publish guidelines by the end of the year, but stopped short of saying when a formal set of principles might be launched.