News

Private wealth managers want better impact products, says Tribe

Many private wealth managers are keen to invest for positive impact but are often constrained by a lack of quality products and the absence of incentivisation structures, according to Tribe Impact Capital.

People Moves 12 June; SEB, Green Bond Principles, Pollination Capital, Bank of America, LSEG, UN Biodiversity Convention, Finance for Tomorrow, Eversheds Sutherland

Snam issues maiden €500m 'transition' bond after 'climate action' criticism

Italian energy infrastructure firm Snam has raised €500 million ($567 million) through its inaugural 'transition bond' to finance or refinance energy transition projects, just over a year after its 'climate action bond' attracted controversy.

Asset managers neglecting risks of biodiversity loss, says ShareAction

None of the world's 75 largest asset managers has a dedicated policy on biodiversity, according to a survey conducted by responsible investment charity ShareAction.

Impact market surges 40% to $715 billion, GIIN says

The global market for investments made with an intent to generate measurable positive impact alongside financial returns grew by about 40% to $715 billion last year, according to estimates by the Global Impact Investing Network (GIIN).

Private equity firm EQT enters €5bn ESG-linked loan facility

Private equity firm EQT has entered into an environmental, social and governance (ESG)-linked, fund-level bridge facility of up to €5 billion ($5.7 billion) with a syndicate of more than 15 lenders, including BNP Paribas and SEB.

Cubico refinances solar project with €250m green loan

Cubico Sustainable Investments has achieved financial close on the refinancing of the 50MW Arenales concentrated solar power (CSP) project in Seville, Spain.

Link REIT secures HK$1bn sustainability-linked loan

Hong Kong-based Link Asset Management Limited, manager of Link Real Estate Investment Trust (REIT), has signed a five-year sustainability-linked loan of HK$1 billion ($130 million) from OCBC Bank.

Ford Foundation to issue $1bn in social bonds in response to Covid-19

The Ford Foundation is set to issue bonds worth $1 billion with a 'social' label, in a departure from the organisation's usual avenues of fundraising, according to a report by The New York Times.

Impact debt fund poised to raise €400m

The manager of a debt fund that links the cost of its lending to pre-agreed environmental and social 'key performance indicators' (KPIs) has said the fund is poised to attract €400 million ($455 million) in commitments.