News

Nomura, Mitsui build stakes in natural capital manager New Forests

Japanese financial services firm Nomura has acquired a 41% stake in Australian natural capital management firm New Forests in a deal that also saw Mitsui & Co boost its stake in the forestry firm.

People moves 20 May: Aviva, Fidelity, M&G, Schroders and more...

Transition plan scrutiny could change capital requirements, NGFS says

Supervisory authorities could require financial institutions to scrutinise companies' climate transition plans, as part of work to determine whether capital requirements should be changed to capture climate risks, according to a research paper.

Stop subsidising renewables, says M&G

M&G Investments has argued that it makes economic and environmental sense to stop subsidising renewable energy, and instead grow the market through private investment.

M&G to relaunch fund as 'Paris-aligned'

M&G Investments will next month rename the £503 million ($600 million) M&G UK Select Fund as the M&G UK Sustained Paris-aligned fund.

Loan round-up: Aligned, SNC-Lavalin, Ghana, Home Credit ... and more

US Treasury 'watching with interest' investor transition planning

Investors' work to assess and influence companies' decarbonisation plans is increasingly being watched by regulators as they study how to improve such approaches, a senior official at the US Treasury has said.

Environmental Finance Sustainable Company Awards launched

Environmental Finance has launched a new set of awards designed to recognise companies that are transforming their business practices, to align them with a net zero, sustainable future.

ShareAction: Little evidence of CA100+ success

There is "little evidence" ClimateAction 100+ (CA100+) has achieved its initial five-year goal of ensuring the world's largest companies take necessary action on climate change by 2022, ShareAction has said.

26% of global passive ETFs launched as ESG funds

More than a quarter (26%) of all passive exchange traded funds (ETFs) launched globally in the first three months of 2022 were environmental, social and governance (ESG) themed, according to STOXX index developer Qontigo.