News

Hydro Quebec takes major stake in renewables firm Innergex

Canadian utility Hydro Quebec has made a CAD661 million ($497 million) equity investment in Innergex Renewable Energy via a private placement, giving it a 19.9% stake in the company.

Harvard publishes framework to measure impact of company products

A framework for "systematic measurement of product impact in monetary terms" has been published by Harvard Business School.

NGOs criticise BlackRock relationship with agribusiness

Environmental advocates Amazon Watch and Friends of the Earth have criticised BlackRock following a statement by the world's largest asset manager on its relationship with agribusiness.

HSBC named largest green, social and sustainability bond manager

HSBC became the largest green, social and sustainability (GSS) bond market underwriter in 2019, in a year marked by rapidly accelerating diversification of the market.

US SIF makes case for gender equality engagement

Institutional investors have been encouraged to develop more robust engagement practices and consider developing financial products to capture the economic benefits of contributing to gender equality.

People Moves 7 February: GSG, Federated Hermes, Nuveen, Kempen, Foresight, Legal & General, Vigeo Eiris, Eaton Vance

Rockefeller, Packard and Ford among foundations backing impact scale-up fund

The Rockefeller Foundation, David and Lucile Packard Foundation and Ford Foundation are among high-profile US backers of a 'tipping point' fund designed to help boost the impact investing market.

ESMA publishes ESG action plan

The EU securities markets regulator is to increase its focus on sustainability, including looking at climate stress testing, risks from green bonds, and pushing credit rating agencies on how they incorporate environmental, social and governance (ESG) factors.

African access to energy fund raises $45m at first close

A fund aiming to allocate $120 million to projects that provide 'affordable' access to energy for homes and businesses in sub-Saharan Africa has raised $45 million at first close.

Keep TCFD recommendations voluntary, says Insurance Europe

Lobby group responds to IAIS climate disclosure paper