News

• Generation to pay $600m for stake in Octopus Energy

  28 September 2021

  Generation Investment Management has agreed to pay up to $600 million for a 13% stake in Octopus Energy, in a deal that values the renewable energy provider at about $4.6 billion.

• New York Fed climate stress test demonstrates 'substantial' risk for banks

  28 September 2021

  Researchers at the Federal Reserve Bank of New York have published a transition risk-focused climate stress test metric for banks, which demonstrated climate risk was "economically substantial" for some lenders during the 2020 energy crisis.

• Investors urge US Congress to invest in climate in $3.5trn bill

  28 September 2021

  CDP, Ceres and the Principles for Responsible Investment (PRI) have asked the US Congress to include climate-related policies in a proposed $3.5 trillion spending bill.

• Ara raises $1.1bn for 'decarbonisation' fund

  28 September 2021

  Ara Partners, a US private equity firm specialising in industrial decarbonisation investments, closed the Ara Fund II with approximately $1.1 billion in capital commitments, exceeding its $650 million initial target.

• Redington: Investors engage with just 20% of portfolio on climate

  28 September 2021

  Asset managers tend to engage with just 20% of their portfolio on climate change issues despite widespread net-zero commitments - a rate which implies 'greenwashing' by investors, a survey by UK investment consultants Redington has suggested

• Blockchain-backed carbon credit launched to 'resolve' double-counting headache

  28 September 2021

  Cyberdyne Tech Exchange (CTX) has launched an asset-backed blockchain carbon offset credit which it claims "resolves" the challenge of avoiding 'double-counting' of credits, with a Hong Kong private equity firm buying the first tranche of credits.

• Platts calculates carbon intensity of oil barrels

  27 September 2021

  Carbon intensity figures for oil produced by 14 major crude fields around the world will be released monthly by energy information provider S&P Global Platts.

• ISO commits to integrate climate considerations in global standards

  27 September 2021

  165 standard bodies have signed an international declaration to integrate climate considerations into all standards, in what was described as "a game changing moment for international standards".

• Impact Cubed launches SDG-focused data platform

  27 September 2021

  Impact Cubed has launched a data platform it says enables investors to compare investment propositions based on their contribution to the UN Sustainable Development Goals (SDGs).

• ISS: ESG shareholder lawsuits settle in US but struggle elsewhere

  27 September 2021

  The growing number of ESG-related lawsuits brought against companies by investors often win pay-outs in the US but struggle in other countries due to cultural differences, ISS ESG has said.