BNP Paribas Asset Management (BNPP AM) announced the creation of a new entity, the Venture and Impact platform, within its Private Assets division. Launched with €800 million (USD$879 million) in assets under management, and dedicated to innovation and venture capital, the new platform combines the activities of BNPP AM’s Ecological Transition and Impact, Fintech and the Solar Impulse Venture Fund….
LEGO Group Nearly Triples Renewable Materials in Bricks in 2024
The LEGO Group revealed significant progress in its efforts to increase the use of sustainable materials in its products, announcing that its LEGO bricks in 2024 consisted of an estimated 33% material from renewable sources, nearly tripling year-over-year. The new data was released with LEGO Group’s 2024 Sustainability Statement, outlining the company’s progress towards its sustainability targets. The company’s goals…
Impact in Focus Ahead of ESMA Deadline
Asset managers expected to look to UK guidance to fill gaps as new thresholds come into force for SFDR-registered vehicles. With more than 1,000 EU-domiciled green funds expected to change names over the next couple of months, investment managers are taking different views on assessing and attributing impact. A lack of clear guidance for funds marketed in Europe could see…
Impact in Focus Ahead of ESMA Deadline
Asset managers expected to look to UK guidance to fill gaps as new thresholds come into force for SFDR-registered vehicles. With more than 1,000 EU-domiciled green funds expected to change names over the next couple of months, investment managers are taking different views on assessing and attributing impact. A lack of clear guidance for funds marketed in Europe could see…
Impact in Focus Ahead of ESMA Deadline
Asset managers expected to look to UK guidance to fill gaps as new thresholds come into force for SFDR-registered vehicles. With more than 1,000 EU-domiciled green funds expected to change names over the next couple of months, investment managers are taking different views on assessing and attributing impact. A lack of clear guidance for funds marketed in Europe could see…
Scale the Key to Investment in African Renewables
Blended finance, public-private partnerships and regulatory reform have a vital role in making renewable energy infrastructure investable. Africa’s clean energy needs are immense. Yet, compared to other developing regions of the world, sustainability-focused investors have been slow to commit funds to where they are most needed. Worried about weak governance, regulatory inconsistencies and project scalability, asset owners and managers could…
Scale Needed to Power African Renewables
Blended finance, public-private partnerships and regulatory reform have a vital role in making renewable energy infrastructure investable. Africa’s clean energy needs are immense. Yet, compared to other developing regions of the world, sustainability-focused investors have been slow to commit funds to where they are most needed. Worried about weak governance, regulatory inconsistencies and project scalability, asset owners and managers could…
NextEnergy Raises $950 Million for Newbuild Solar Fund
Solar developer NextEnergy Group’s investment management arm NextEnergy Capital announced that it has raised a total of £733 million (USD$949 million) for NextPower UK ESG, its fund dedicated to new solar and energy storage facilities. Launched in December 2021, NextPower UK ESG focuses on utility-level solar assets in the UK, and has already deployed over 70% of its committed capital…
COP30 president outlines conference objectives in first letter to the Parties
COP30 president André Corrêa do Lago has outlined some of the key objectives expected to be part of the COP30 negotiations in Brazil this year in his first communication in the role. By “accepting reality and combating catastrophe, cynicism and denialism”, COP30 must be “a moment of hope and possibilities through action – not of paralysis and fragmentation”, do Lago…
COP30 president outlines conference objectives in first letter to the Parties
COP30 president André Corrêa do Lago has outlined some of the key objectives expected to be part of the COP30 negotiations in Brazil this year in his first communication in the role. By “accepting reality and combating catastrophe, cynicism and denialism”, COP30 must be “a moment of hope and possibilities through action – not of paralysis and fragmentation”, do Lago…