Charities are maintaining their ESG investment principles despite pressure to loosen policies in pursuit of higher returns, according to new research from Rathbones. The wealth manager surveyed senior executives at charities with a collective £5bn of equity investments. It found that 86% of respondents said it was important that investments have strong ESG credentials, while 89% believe the importance of…
U.S. to “Take Any Actions Necessary” to Protect Companies from “Unreasonable” EU Sustainability Reporting Regulations
The U.S. Government has issued a series of requests from the European Union to address concerns with the impact of the EU’s new sustainability due diligence and reporting laws – the CSDDD and CSRD – on U.S. companies. In a comment letter, issued by U.S. Mission to the European Union, the U.S. Government said that the EU Commission’s Omnibus package…
CIP Raises $3 Billion for Growth Markets-Focused Clean Energy Infrastructure Fund
Energy infrastructure investment manager Copenhagen Infrastructure Partners (CIP) announced that it has raised $3 billion in commitments at the final close of its Growth Markets Fund II (GMF II), focused on investing in renewable energy infrastructure projects in high-growth, middle-income markets across Eastern Europe, Asia, and Latin America. Launched in 2023, GMF II targets large-scale and complex greenfield energy infrastructure…
Deepki Acquires Real Estate Sustainability Consulting and Data Platforms Evora, Metry
Real estate sustainability data solutions provider Deepki announced the acquisition of real estate-focused sustainability consultancy and services firm Evora Global and its energy data collection subsidiary Metry. Founded in 2011, UK-based Evora provides sustainability consulting and software solutions for the real estate and real assets sectors to help clients mitigate sustainability risks, enhance asset value, and safeguard market reputation. The…
Climate Fund Managers Raises Over $180 Million to Back Green Hydrogen Value Chain in Southern Africa
Climate-focused blended finance investment manager Climate Fund Managers announced that it has raised ZAR 3 billion (USD$182 million) at the first close of SA-H2, a blended finance fund focused on supporting the development construction and operation of green-hydrogen infrastructure in Southern Africa. The firm said that it is targeting a final close of ZAR 12 billion ($728 million) by mid-2028…
Goldman Sachs Acquires Food Supply Chain Reusables Solutions Provider Tosca
Goldman Sachs Asset Management’s alternative investments platform, Goldman Sachs Alternatives, announced an agreement to acquire food supply chain-focused reusable plastic packaging and performance pooling solutions provider Tosca from private equity investor Apax Partners. Founded in 1959 and acquired by funds advised by Apax in 2017, Atlanta-based Tosca provides reusable asset pooling solutions designed to allow food producers, distributors and retailers…
Samsung Acquires GM’s Stake in $3.5 Billion Battery Joint Venture
Battery manufacturer Samsung SDI announced that it has agreed to acquire General Motors’ entire 49.99% stake in their SynergyCells electric vehicle (EV) battery joint venture project, with plans to shift the plant from an EV battery focus to address growing demand for broader energy storage systems. The companies initially signed an agreement in August 2024 to establish the $3.5 billion…
Updapt Launches Solution Enabling Companies to Assess Climate-Related Risks
Enterprise ESG software company Updapt announced the launch of its new Climate Risk Management module, aimed at helping organizations identify, assess, and prioritize climate-related risks across their assets and locations. According to Updapt, the new solution comes as regulatory frameworks including TCFD-aligned disclosures, BRSR, and CSRD, increasingly require companies to systematically evaluate and report on physical and transition climate risks,…
Lloyds Bank Unveils New £100 Billion Sustainable and Transition Finance Goal
UK bank Lloyds Banking Group announced that it has set a new target to facilitate more than £100 billion in sustainable and transition finance between 2027 and 2030. The new goal, unveiled as part of the bank’s upcoming Accelerate 2030 strategy, marks an acceleration from Lloyds’ existing sustainable finance pace, with the bank recently reporting achieving £70.9 billion in sustainable…