News

Sustainable debt round-up: Masdar, Philips, RIVUS Cluj-Napoca ... and more

Net zero impact funds level off as investor appetite wanes, Phenix finds

The proportion of net zero-aligned impact funds has tailed off after strong growth over the past decade, a report by Phenix Capital has found, as the sector faces several challenges.

Vague explanations on negative impact remediation 'need to be tackled in SFDR overhaul'

Asset managers' vague explanations of how they remediate the negative impacts of their investments shows the EU needs to toughen its Sustainable Finance Disclosure Regulation (SFDR), including by mandating investor engagement, according to a study.

Mirova slows down fundraising for blended finance vehicle Gigaton

Mirova has stopped actively fundraising for its blended finance vehicle, the Mirova Gigaton Fund, after securing just over half of its $500 million target, Environmental Finance has learned.

EU Council presidency suggests it will resist calls to further weaken CSRD, in leaked document

Philippine bank closes sustainability bonds early amid 'considerable demand'

The Bank of the Philippine Islands (BPI) has closed the offer period early for its debut PHP5 billion ($90 million) sustainability bond after the deal secured "considerable demand" from investors.

NRW.Bank raises €1bn from first social bond under expanded framework

Major sustainable bond issuer NRW.Bank has raised €1 billion ($1.1 billion) from its first social bond under a recently updated and expanded framework from the German development bank.

Incofin blended water fund beats target, secures FX risk cover

Incofin Investment Management has secured 20% more capital than its target size for its first clean drinking water-focused private equity fund, closing at €61 million.

ECB to 'stress test' banks on nature-related risk

The European Central Bank (ECB) is to assess banks' loan default risk to sectors of the economy most affected by "dwindling ecosystems".

People Moves, 23 May: The Nature Conservancy, Robeco, Lloyds Bank ... and more