News

New Forests expands into South Africa with latest forestry acquisition

New Forests has acquired South African timber firm Rance Timber for an undisclosed sum through its African forestry platform, marking its first investment in the country.

Japan to launch its first dedicated sustainable bond market

The Sapporo Securities Exchange (SSE) will launch the first dedicated Japanese labelled sustainable bond market for institutional investors this week.

Manager selected for €150m private equity biodiversity fund

A group of French asset owners has selected an asset manager to run a €150 million ($176 million) biodiversity-focused private equity fund, which has been set up to prove such funds can make returns while having a positive impact.

Endeavour Energy strengthens SLL deal with Scope 3 target

Australian electricity firm Endeavour Energy has added a Scope 3 greenhouse gas (GHG) emissions target to its sustainability-linked loan (SLL) financing as it refinanced and upsized an existing deal.

Social bonds 'still a focus' in the US sustainable bond market

Despite a significant slowdown in sustainable bond activity, the US market is still focusing attention on the social bond market - especially around delivering greater impact, according to S&P Global Ratings.

'Comply or explain' UK transition plan rules would not represent a cop-out, says ABI

Allowing companies to 'comply or explain' why they have not met transition plan disclosure rules would not mean the UK government would be giving them a free pass to avoid climate accountability, according to an executive at the Association of British Insurers (ABI).

Regen ag lacks scalability, says Schroders Capital

Schroders Capital says it will continue to monitor regenerative agriculture investment opportunities, but the nascent theme currently lacks the scale for it to make significant investments, Environmental Finance has learned.

Itochu issues 'game-changing' corporate 'Orange Bond'

Itochu has become the first corporate issuer of an 'Orange Bond' after the Japanese trading conglomerate raised JPY15.2 billion ($101 million) from the gender equality-focused transaction.

People Moves, 5 September: Greenbacker, Generate, Standard Chartered ... and more

AXA, FTSE Russell develop nature and biodiversity sovereign bond index

AXA Climate and FTSE Russell have developed what they claim is a 'first-of-its-kind' sovereign bond index that integrates nature- and biodiversity-related risks.