News

Blackstone announces on-site sustainable energy infrastructure venture

Private equity firm Blackstone has launched a company to invest in on-site sustainable energy infrastructure assets for companies, after securing a $250 million capital commitment.

BMO GAM aims 'to boldly grow' its ESG impact

A key goal of BMO Global Asset Management (BMO GAM) over the next 10 years is "to boldly grow the 'good' in business and life," said CEO Kristi Mitchem.

EU Taxonomy poses 'existential threat' to voluntary standards

The EU Taxonomy for sustainable activities represents an "existential threat" to voluntary climate disclosure regimes, with the EU guidelines well-placed to become the default global standard.

Citi's $150m impact fund makes first investments

US bank Citi has made the first commitments via its $150 million impact fund, in businesses that provide services for affordable housing, female employment, 3D printing and renewable fuels.

IMF publicly supports EU proposal to apply carbon pricing to imports

The head of the International Monetary Fund (IMF) has backed proposals by the EU to introduce carbon levies to imports if major emitting countries are unable to agree a minimum carbon price.

People Moves 18 September: Qontigo; Citi; Moody's; Impax; Pimco; HSBC; Finance Watch; Lombard Odier; SDCL

Apollo names impact management team

Private equity firm Apollo has named the team that will lead its impact investment arm.

Environmental Finance Autumn 2020 magazine has landed

The Autumn 2020 edition of Environmental Finance is now available to download as a PDF.

US wildfires to cost insurers up to $8bn, Moody's estimates

Western state blazes have claimed 34 lives and destroyed almost 10,000 homes

Insurers "distressingly absent" in push for US climate legislation

There is a "sincere expression of disinterest" from the insurance industry to help bring climate legislation to the US, according to Sheldon Whitehouse, Democratic senator for Rhode Island.