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Just Climate smashes fundraising target, with $1.5bn, and eyes nature fund next
08 June 2023Generation Investment Management's Just Climate said its inaugural fund has raised $1.5 billion, exceeding its $1 billion target, and is mulling raising a separate fund focused on nature.
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'Buyer's market' for private equity impact investors
08 June 2023The challenging macro-economic environment has created a buyer's market for impact investors in the private equity space, according to one market veteran.
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'Ground-breaking' CSDDD rule secures European Parliament approval
02 June 2023The EU Corporate Sustainability Due Diligence Directive (CSDDD) has secured approval from the European Parliament that will require companies to implement climate transition plans and disclose the impact of their value chains on human rights and the environment.
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ExxonMobil, Chevron investor support for shareholder climate resolutions fall
01 June 2023Investor support for shareholder climate resolutions urging Chevron and ExxonMobil to set greenhouse gas (GHG) emissions reduction targets has fallen since last year, following limited progress at their European counterparts.
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EU climate benchmark funds hit €58bn in assets
26 May 2023Funds managing assets in compliance with EU climate benchmarks have hit about €58.3 billion ($63 billion), according to estimates by the European Commission.
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Schroders launches carbon-offset tranche of climate fund
16 May 2023Schroders has started to offer investors a way of offsetting the carbon emissions associated with one of its climate-themed funds.
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KKR Impact buys data centre cooling firm CoolIT
05 May 2023KKR's Impact strategy has agreed to buy data centre cooling company CoolIT, in a deal expected to close in the second quarter of this year for an unspecified sum.
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LGIM 'to vote against 100 companies on deforestation'
04 May 2023Legal and General Investment Management (LGIM) expects to vote against the chairs of 100 companies for not having deforestation policies this year, an executive has said.
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Riksbank warns of financial stability risks from 2.8°C-aligned funds
20 April 2023The holdings in 122 listed equities mutual funds in Sweden are, on average, aligned with a temperature increase of 2.77°C, according to analysis by the country's central bank.
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Climate-linked executive pay-outs 'fundamentally flawed'
14 April 2023Current attempts to link executive pay to climate change targets are "fundamentally flawed" and investors should look to encourage a move away from their use, according to investment advisory firm Pensions & Investment Research Consultants (PIRC).