Texas Attorney General Ken Paxton announced the launch of a lawsuit against investment giants BlackRock, Vanguard and State Street, joined by 10 other states, accusing the asset managers of using their positions in climate-focused investment initiatives to manipulate coal markets and drive up the cost of energy. In statements received by ESG Today from BlackRock and State Street, the investment…
The government of Thailand announced the completion of its first Sustainability-Linked Bond (SLB), raising 30 billion baht (USD$865 million), with interest rates on the new 15-year notes tied to the country’s climate and energy transition goals. Demand for the bonds were strong, with the PMDO upsizing the offering from 20 billion baht to 30 billion baht, after the offering was…
On 19 November 2024, the Council of the European Union (“Council”) adopted a new regulation on environmental, social and governance (ESG) rating activities.1 The new regulation, which was presented by the European Commission on 13 June 2023, aims to make ESG rating activities in the EU more consistent, transparent and comparable.2 This will in turn build investors’ confidence in sustainable…
Sustainability-focused investment manager Mirova and BNP Paribas Asset Management (BNPP AM) announced that they have acquired a majority stake in French renewable energy developer Arkolia, with an investment by the asset managers of more than €200 million aimed at funding the companies’ growth. Founded in 2009, Mauguio-based Arkolia is one of the largest independent for rooftop photovoltaics on the French…
As the US prepares for change at the top, Dr Andrew Coburn, CEO of Risilience, considers what a second Trump presidency means for firms and their investors. Donald Trump’s decisive win in the US elections has ushered in a cold chill throughout the global climate action community. Scientists, policymakers and campaigners have been quick to express fears for what the…