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Comgest head of sustainability exits to join former CEO’s new boutique

Comgest’s head of responsible investment Sébastien Thévoux-Chabuel (pictured) has left the firm to join a boutique launched by former CEO Arnaud Cosserat late last year. Cosserat resigned from Comgest alongside fellow portfolio manager Alistair Wittet to found Aecus Partners in December. Thévoux-Chabuel will now be reunited with his former colleagues to manage the firm’s European equity funds. “While it’s a new…

SBTi Limits Carbon Credit Use in Latest Guidance

The standard setter emphasises internal decarbonisation, action-based targets as part of revamped net zero standard for corporates. The Science Based Targets initiative (SBTi) has avoided endorsing the use of carbon credits to offset Scope 3 emissions in the second version of its Corporate Net Zero Standard (CNZS), following backlash last year. The SBTi previously faced both internal and external scrutiny…

Iberdrola Issues Green Bond Linked to its Share Price

Iberdrola Issues Green Bond Linked to its Share Price

Global energy and electricity provider Iberdrola announced that it has raised €400 million in a new green bond offering, with the bonds linked to the company’s share price, enabling investors to benefit from the performance of its shares. The new 5-year bonds are indexed to Iberdrola’s share price through the incorporation of a call option, with investors able to exercise…

The slow, painful death of net zero

Last year the Earth reached its highest average temperature in human history. Countries around the world have set the ambition of heading off climate catastrophe by reducing net greenhouse gas emissions to zero by around 2050. But with the US Trump administration abandoning the effort, an already slim chance of success has become even smaller.… The post The slow, painful…

JLL Acquires Clean Energy-Focused Investment Bank Javelin Capital

JLL Acquires Clean Energy-Focused Investment Bank Javelin Capital

Real estate and investment management-focused services provider JLL announced today the acquisition of renewable energy-focused investment banking firm Javelin Capital, in a move described by the company as aimed at expanding its U.S. energy & infrastructure capital markets capabilities, and driven by rapid growth in the clean energy sector. Founded in 2017, New York and Chicago-based Javelin is a boutique…