News

Blue like an Orange provides SME financing in Mexico

Impact investor Blue like an Orange Sustainable Capital has provided an undisclosed amount to Credijusto, to enable the company to acquire Banco Finterra and expand its services of lending to small and medium-sized enterprises (SMEs) in Mexico.

IPCC report sets scene for COP26 action on carbon price - LGIM

The forthcoming UN climate conference (COP26) in Glasgow requires drastic action to cut emissions, as shown last week by a landmark report - and investors will be watching for a global price on carbon, according to Legal and General Investment Management (LGIM).

New York State pension fund targets shale firms amid further coal investment exits

The $255 billion New York State Common Retirement Fund is evaluating whether to restrict investment in 42 shale oil and gas companies, making the announcement alongside its exit from five more coal firms.

People moves: DWS, Mercer, Robeco, NN IP, AIG ... and more

Electric vehicle charging company to list via SPAC on Nasdaq

Electric vehicle charging company EO Charging is set to become a publicly listed company on US stock exchange Nasdaq through a combination with a special purpose acquisition company (SPAC).

'Blunt' ESG scores have 'no place' in credit rating process, says KBRA

Kroll Bond Rating Agency (KBRA) said environmental, social and governance (ESG) scores have "no place" in the credit rating process despite ESG risks being relevant to credit quality, arguing the "blunt" ESG scores can "distract" credit analysts from their fundamental work

ICE launches social impact data scores for muni bonds

Intercontinental Exchange (ICE) and data provider risQ have launched a data service to allow users to understand and score the potential social impact of US municipal bonds

Manulife IM buys 89,800 acres of timberland

Manulife Investment Management is buying 89,800 acres of timberland in the US state of Maine as it works toward implementing a more climate-friendly investment strategy.

Climate risk-based divestments boosted equity returns, says NBIM

The manager of the giant Norwegian sovereign wealth fund said its equity fund performance has benefitted from a cumulative 0.27% outperformance since 2012 due to divestments based on financial climate risk assessments

Hartford Funds launches its first ESG ETF

Hartford Funds has launched its first environmental, social, and governance (ESG)-focused, actively managed exchange traded fund (ETF), Hartford Schroders ESG US Equity ETF (HEET)