News

Exclusive: Adaptation blended fund GAIA raises $600m at first close

The adaptation-focused blended finance GAIA Climate Loan fund, managed by Dutch blended finance-focused investor Climate Fund Managers, has raised $600 million at its first close.

Africa's policymakers need to 'build a better system' for sustainable investing, says Absa

There are plenty of "ready-made" sustainability-focused investment opportunities in Africa, particularly for energy infrastructure and emerging carbon markets, says Absa Group, but policymakers need to "build a better system".

'We are desperate to get some nature scenarios'

Financial institutions are increasingly rolling out nature risk assessments within their due diligence, according to risk specialist Risilience, which has called for the development of macro nature scenarios to aid this process.

People Moves, 31 October: Bayern Landesbank, Ninety One, Tower Peak Partners ... and more

Insurers 'yet to leverage the potential of nature approaches'

Insurers have not yet harnessed a nature-related approach to decision making, according to a UN Environment Programme Finance Initiative working group, as it launches fresh guidance for the insurance industry.

'Sustainability in corporate bond investing improves risk-adjusted returns'

Incorporating sustainability considerations into corporate bond investing doesn't generate better returns, but it can "improve your risk-adjusted returns over time", according to a sustainable bond fund manager at GIB Asset Management (GIB AM).

BMO raises CAD200m from pioneering 'Indigenous Bond'

Canadian lender BMO has raised CAD200 million ($144 million) from the first 'Indigenous Bond' focused on financing sustainable projects supporting Indigenous communities and businesses.

SWEN 'unconvinced' by divestment timing to secure blue fund re-ups

SWEN Capital Partners was "not totally convinced" by a recent exit which helped to propel its first ocean-focused impact strategy, Environmental Finance has learned, as it sought to secure backing for its second fund.

Australia urged to leverage new climate target in 'transition-linker' bond

Bond investors have been urged to encourage Australia to use its updated 2035 national climate target in a 'transition-linker' bond as a way to put the bond market "to work" on global climate action, according to Anthropocene Fixed Income Institute (AFII).

Iberdrola issues first 'hybrid' EuGB

Iberdrola has raised €1 billion ($1.2 billion) from its second 'European Green Bond' (EuGB), which the Spanish utility firm said is the first 'hybrid' bond in this format to date.