The Adaptation and Resilience Investors Collaborative argues that understanding of risks will increase appetite for emerging markets adaptation investment opportunities. A coalition of development finance institutions (DFIs) has developed a step-by-step guide to help investors understand their exposure to physical climate risks, in a bid to increase private capital toward adaptation investment opportunities. The Adaptation and Resilience Investors Collaborative…
Verdane Raises €700 Million for Decarbonization-Focused Growth Fund
European specialist growth investor Verdane announced today that it has raised €700 million (USD$758 million at the final close of its Verdane Idun II fund, targeting investments in businesses within the structural growth trend of decarbonization. The total is more than double its previous Idun I fund, with both funds dedicated to enhancing decarbonization efforts by European companies. The Idun…
Rio Tinto Transitions U.S. Copper Mine Operations to Renewable Diesel
Mining giant Rio Tinto announced that it has completed the transition to renewable diesel fuel from conventional diesel for all heavy mining equipment at its Kennecott copper mine in Utah, one of the world’s top producing copper mines. Rio Tinto is one of the world’s biggest producers and processors of iron ore, copper, aluminum and a range of other minerals…
Brookfield Acquires $2.3 Billion Stake in UK Offshore Wind Farms from Ørsted
Brookfield Asset Management announced today that it has signed a deal with Danish multinational energy company Ørsted to acquire a 12.45% minority stake in four of Ørsted’s U.K. offshore wind farms for approximately $2.3 billion. The four wind farms – Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension – have a total combined capacity of 3.5 GW in…
Bain Capital Acquires Majority Stake in Green Data Center Developer AQ Compute
Multi-asset alternative investment firm Bain Capital announced today that it has acquired an 80% stake in sustainability-focused European data center provider AQ Compute from Germany-based private investment company Aquila Group. The acquisition forms part of a new partnership between Bain and Aquila, with the company’s citing a “significant opportunity to develop AQ Compute into a leading green data center platform…
KKR, ECP Launch $50 Billion Data Center and Power Generation Investment Partnership
Alternative asset and private equity investor KKR and energy transition infrastructure investment firm Energy Capital Partners (ECP) announced today the launch of a new strategic partnership targeting $50 billion of investment aimed at accelerating the deployment of data center and power generation capacity to support the rapid global growth in AI and cloud computing. According to the firms, the new…
What does responsible investing even mean?
If we permit the term ‘responsible investment’ as sustainable finance practitioners, does that mean there are ‘irresponsible’ (reckless or other) investments? If so, what do those investments then look like?
Guest Post – Materiality Assessments: Expectations and Best Practices
By: Jessica Lobo, Sustainability Advisor, and Kosmas Papadopoulos, Head of Sustainability Advisory, Americas, ISS-Corporate Materiality Assessments Evolve as Key Tool for Corporate Sustainability Management Over the past decade, the business world has made significant strides in establishing standardized and methodical approaches for corporates developing their sustainability strategies and relevant disclosures. Today, a materiality assessment for identifying and prioritizing key issues…
Over Half of CFOs Fear Greenwashing Risk as Sustainability Data Problems Persist: EY Survey
A majority of company finance leaders globally say that they are concerned about perceived greenwashing risks from sustainability reporting in their industries, and most do not believe that their organizations will hit their major sustainability ambitions, as nearly all report problems with the integrity of their nonfinancial data, according to a new survey released by global professional services firm EY….