After muted early expectations, impact label under the UK’s green fund rules has outperformed expectations, reflecting global growth trend. Accelerated approval of fund labels under the UK’s Sustainability Disclosure Requirements (SDR) is giving asset managers hope that the end of a challenging teething process is within sight. Yesterday, M&G Investments became the latest manager to adopt the Sustainability Impact label…
Thailand Issues Inaugural $865 Million Sustainability-Linked Bond
The government of Thailand announced the completion of its first Sustainability-Linked Bond (SLB), raising 30 billion baht (USD$865 million), with interest rates on the new 15-year notes tied to the country’s climate and energy transition goals. Demand for the bonds were strong, with the PMDO upsizing the offering from 20 billion baht to 30 billion baht, after the offering was…
European Council greenlights new regulation on regulating ESG ratings agencies
On 19 November 2024, the Council of the European Union (“Council”) adopted a new regulation on environmental, social and governance (ESG) rating activities.1 The new regulation, which was presented by the European Commission on 13 June 2023, aims to make ESG rating activities in the EU more consistent, transparent and comparable.2 This will in turn build investors’ confidence in sustainable…
BNP Paribas AM, Mirova Acquire Majority Stake in Renewables Developer Arkolia
Sustainability-focused investment manager Mirova and BNP Paribas Asset Management (BNPP AM) announced that they have acquired a majority stake in French renewable energy developer Arkolia, with an investment by the asset managers of more than €200 million aimed at funding the companies’ growth. Founded in 2009, Mauguio-based Arkolia is one of the largest independent for rooftop photovoltaics on the French…
Trump and the Business of Climate Change
As the US prepares for change at the top, Dr Andrew Coburn, CEO of Risilience, considers what a second Trump presidency means for firms and their investors. Donald Trump’s decisive win in the US elections has ushered in a cold chill throughout the global climate action community. Scientists, policymakers and campaigners have been quick to express fears for what the…