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KKR Acquires $3.2 Billion Stake in Eni’s Sustainable Mobility Business

KKR Acquires $3.2 Billion Stake in Eni’s Sustainable Mobility Business

Alternative asset and private equity investor KKR announced the acquisition of a 25% stake in Enilive, the mobility transformation and biofuels-focused business of Italian energy company Eni, for €2.94 billion (USD$3.2 billion), valuing the unit at $12.8 billion. Eni launched the Enilive brand in 2023, with the goal of offering integrated services and products that are progressively decarbonized by 2050,…

Take Five: A Mountain to Climb

A selection of the major stories impacting ESG investors, in five easy pieces.  The first week of COP16 underlined the scale of the changes required to align finance flows with the Global Biodiversity Framework. In nature’s debt – COP16 opened on Monday amid widespread determination among its 23,000 delegates to accelerate action in support of the goals of the Global…

The Need for Adaptation Nomenclature

Ujala Qadir, Director of Strategic Programmes at the Climate Bonds Initiative, explains why the organisation has expanded its green bond taxonomy to cover climate resilience. As the impacts of climate change increasingly affect businesses worldwide, adaptation needs are mounting each year – but investments clearly labelled as incorporating adaptation and resilience remain limited. The UN Environment Programme’s Adaptation Gap Report…

Are the Best Days for ESG Data Providers Behind Them?

A maturing and commoditised market is presenting new challenges, according to Gustave Loriot-Boserup, Founder of Compass Insights. I started my career in responsible investment in 2018, joining Trucost — a provider of environmental data and insights. The company had recently been absorbed by S&P Dow Jones Indices. This acquisition marked one of the early moves in a rapid wave of…

Morgan Stanley Signs Multi-Year Carbon Removal Deal with Climeworks

Morgan Stanley Signs Multi-Year Carbon Removal Deal with Climeworks

Zurich-based Direct Air Capture (DAC) carbon removal company Climeworks announced today that it has signed an agreement with Morgan Stanley to permanently remove 40,000 tons of CO2 through 2037. DAC technology extracts CO2 directly from the atmosphere for use as a raw material or permanent removal when combined with storage. According to Intergovernmental Panel on Climate Change (IPCC), scenarios that…

Investing in Nature-based Solutions Reduces Long-term Risk

As COP16 highlights financing gaps, initiatives help to overcome private sector struggles to identify and fund nature-positive projects. Nature-based solutions (NbS) may need more private investment to make a positive impact on climate and biodiversity – but they can also help the private sector shield itself from risks and build long-term value. This was one of the takeaways from a…

MSCI Appoints Richard Mattison as Head of Head of ESG and Climate

MSCI Appoints Richard Mattison as Head of Head of ESG and Climate

Investment data and research provider MSCI announced today the appointment of Dr. Richard Mattison as Head of ESG and Climate, responsible for leading the firm’s ESG and Climate product development and business strategy. Mattison joins MSCI after serving as President of S&P Global’s sustainability unit, Sustainable1, and as CEO of carbon and environmental data and risk analysis company Trucost, acquired…

FCA Must Offer Steer on “Complex” Green Fund Rules

Sustainability-focused labels promise significant benefits for asset managers, but slow approval rate illustrates implementation challenges. Asset managers require further support from the UK’s Financial Conduct Authority (FCA) to meet its Sustainability Disclosure Requirements’ (SDR) naming and marketing rules for green funds, despite recent flexibility. The SDR rules are intended to improve transparency, bolster reporting and limit greenwashing related to sustainability-focused…