News

Renewables trust DORE to be delisted for £174.5m

Bagnall Energy is to acquire Downing Renewables & Infrastructure Trust (DORE) in a deal that values the renewable energy and infrastructure investor at £174.5 million ($235.4 million).

People Moves, 20 June: Quinbrook, SUSI Partners, NatureAlpha ... and more

NZAOA calls for 'urgent' deforestation action

The Net Zero Asset Owner Alliance (NZAOA) has urged investors, policymakers and companies to address deforestation risk with the publication of new guidelines.

Nigerian sovereign green bond return nearly twice oversubscribed

The orderbook for the first Nigeria sovereign green bond in almost six years was almost twice the offered amount as the country emphasised that these instruments will become "increasingly important" to the issuer.

EFRAG says it aims to cut ESRS by 50% as it unveils draft proposals

EU advisers aim to cut European Sustainability Reporting Standards (ESRS) by about 50%, they revealed as they approved an initial draft progress report.

High degree of variance in CSRD materiality assessments undermines comparability, ING says

'Messy' Corporate Sustainability Reporting Directive (CSRD) reports due to variance in how entities applied double materiality assessments make it "extremely challenging to compare and understand the first CSRD disclosures", analysis by ING says.

Tokyo Metropolitan Government plots €300m resilience bond

The Tokyo Metropolitan Government plans to launch a €300 million ($344 million) 'resilience bond' this autumn, aimed at tackling storm and flood risk, Environmental Finance has learned.

GPIF vows to improve tracking of asset managers' stewardship activities

Japan's Government Pension Investment Fund (GPIF) has signalled it will step up supervision of its asset managers including by establishing a database to track their stewardship activities and outcomes.

GSAM: 'Compelling' EM sustainable bond opportunity, but 'strong engagement' needed

Goldman Sachs Asset Management (GSAM) said emerging market (EM) sustainable bonds offer a "compelling" investment opportunity for fixed income investors, but a nuanced approach with a "strong engagement effort" will be required to deliver investment and impact promise.

Bregal Sphere backs Peruvian reforestation project

Bregal Sphere, the impact investing arm of private equity firm Bregal Investments, has invested an undisclosed sum in Latin American agroforestry and reforestation initiative Jubilación Segura.