Equity

Investors including Just Climate, Singapore's Temasek and Sweden's AP2 have contributed to a €1.5 billion equity round to build the world's first green steel plant.

Environmental, social and governance (ESG)-labelled US equity funds chalked up their best net inflows in August for a year, according to Barclays.

A working group of the Institutional Investors Group on Climate Change (IIGCC) has urged proxy advisor ISS to integrate climate into its voting recommendations for investors on a "more robust and consistent basis" amid "troubling inconsistencies".

BlackRock is preparing to launch a NZD2 billion ($1.2 billion) New Zealand-focused climate infrastructure fund, which the US asset manager said is expected to be the "largest single-nation decarbonisation investment initiative" to date.

Barclays said that fund flows into ESG-labelled fixed income and equity funds remained "strong" compared to the wider market, with euro-denominated corporate bond funds performing particularly well.

The UK Transition Plan Taskforce (TPT) said its ground-breaking net-zero transition plan disclosure framework will be published in October, with a consultation on sector-specific guidance to also be launched later this year.

£7.8 billion ($10 billion) UK specialist asset management firm Gresham House is set to be acquired for £470 million by US private equity firm Searchlight Capital.

The US's $369 billion Inflation Reduction Act will create new investment opportunities that contribute to sustainability goals, said Columbia Threadneedle Investments.