Researchers at the University of Cambridge have developed what they describe as the first global corporate bond index that covers fossil fuel producers, utilities, insurance and financing in an effort to support investment strategies focused on companies working to reduce real-economy emissions. Launching on Bloomberg Index Services Limited (BISL) later this year, the Bloomberg Cambridge University fixed income index is…
Automotive giant General Motors announced the appointment of Cassandra Garber as its new Chief Sustainability Officer. Garber joins GM after serving as CSO for technology giant Dell. The new appointment follows the retirement in November 2024 of GM’s former CSO Kristen Siemen after 30 years with the company. In her new role, Garber will oversee GM’s commitment to responsible business…
Global investment firm Schroders’ Impact investment management firm BlueOrchard announced today the appointment of Michael Wehrle as its new CEO. Wehrle will succeed Philipp Mueller, who has stepped down after serving as CEO since 2020. Founded in 2001, BlueOrchard offers impact investing solutions across asset classes, including private and listed debt, private equity, sustainable infrastructure and blended finance, with nearly…
Global alternative investment manager Apollo and community solar operator Summit Ridge Energy announced a new agreement, with Apollo-managed funds committing up to $400 million to form a new joint venture to jointly own and operate a portfolio of commercial solar assets across Illinois. Community solar is a rapidly expanding segment of the renewables market that enables people, companies, and other…
Microsoft and carbon dioxide removal (CDR) project developer CO280 announced one of the largest-ever engineered CDR purchase deals to date, with Microsoft agreeing to offtake nearly 3.7 million tonnes of carbon removal over 12 years from a project that will capture and permanently store biogenic carbon emissions from a U.S. pulp and paper mill on the Gulf Coast. Pulp and…