The U.S. Securities and Exchange Commission announced on Wednesday that it has decided not to pursue enforcement action into asset managers including BlackRock and State Street, following an investigation into the potential regulatory violations through their participation with climate-focused engagement group Climate Action 100+ (CA100+) in voting to replace directors at ExxonMobil in 2021. While acknowledging that “the investigation did…
LEGO Group holding company KIRKBI’s climate investment arm KIRKBI Climate announced the appointment of Craig Arnold as Head of Circular Plastics and a member of its leadership team, as the company plans to significantly increase investments in circular plastics. According to KIRKBI Climate, the new appointment forms part of the firm’s move beyond traditional investing and taking a more active…
Copenhagen Infrastructure Partners (CIP), announced the first investment from its new bioenergy fund, with the clean infrastructure investor backing Italian-based biomethane development platform Via Verde. The investment follows the launch earlier this year by CIP of its Advanced Bioenergy Fund II (ABF II), focused on scaling biomethane and advanced bioenergy production across Europe. The fund launched with a €200 million…
Climate Change Increases as a Strategic Priority for Investors for First Time in 3 Years Climate change has increased as a priority for investors for the first time since political backlash picked up steam in 2023, with more than eight out of ten of investors globally saying that they expect physical climate risks to impact asset prices over the next…
French investment firm Eurazeo announced that it has entered into an agreement to acquire a majority stake in Spain-based water efficiency solutions provider Miya Water, with the transaction aimed at supporting the company’s international expansion and accelerating the growth of its platform to help utilities reduce water loss. Miya marks the fourth investment for through Eurazeo’s impact buyout strategy, Eurazeo…
Sustainable building materials provider SL Materials announced a new €100 million (USD$112 million) investment from Aviva Investors and ABN AMRO, with proceeds aimed at scaling the company’s circular concrete platform. Building materials are a key source of global greenhouse gas emissions. Cement production, an ingredient in concrete, accounts for approximately 8% of global carbon dioxide emissions, with over 900 kg…
HSBC announced the launch of its Sustainability Improvement Loan (SIL) solution in Continental Europe, offering small and medium businesses the capability to link loan pricing to changes in their ESG scores. HSBC’s SIL proposition applies a variable pricing adjustment based on a third-party ESG rating issued by a recognized external ratings provider, such as EcoVadis, CDP, or Inrate. The solution…
Madrid-based renewable energy company Zelestra announced that it has closed $350 million in green financing credit facilities for a new 203 MW solar project in Indiana, backed by a long-term power purchase agreement with social media and tech giant Meta. The announcement marks the latest in a series of transactions by Zelestra as it expands its U.S. platform, with a pipeline…