UK- and South Africa-based global active asset manager Ninety One announced that its decarbonization-focused Global Environmental strategy has been awarded a $150 million mandate by California State Teachers’ Retirement System (CalSTRS), one of the largest public pension funds in the U.S. Ninety One’s Global Environment strategy is a high conviction, concentrated global equity portfolio that provides exposure to the multi-decade…
Enterprise software company IFS, in collaboration with professional services provider PwC UK announced the launch of a new Sustainability Management Module on the IFS Cloud platform aimed at supporting companies in complying with the new sustainability reporting requirements, including the EU’s Corporate Sustainability Reporting Directive (CSRD). The announcement follows the formation earlier this year between IFS and PwC of a…
Business and financial markets information service provider Bloomberg announced today the launch of a new solution aimed at enabling investors to assess their exposure to nature and biodiversity risks and the impact of their investments, and to align reporting with the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD). Key insights provided by the new solution include percentage of…
Nearly all insurers have set climate transition-related objectives in their portfolios, including more than half that have set net zero targets, and most report a growing conviction towards investing in the low carbon transition, with plans to increase allocations in clean energy infrastructure and transition-focused technologies, according to a new survey released by investment giant BlackRock. For the report, BlackRock…
Financial technology and data services provider and exchange operator Intercontinental Exchange (ICE), announced the launch of a new climate transition risk solution targeted at underserved segments of fixed income including municipals, securitized mortgage-backed securities (MBS) and real estate. According to ICE, the new solution will provide emissions estimates and portfolio analytics across various fixed income asset classes, covering Scope 1,…
REsurety, which provides software and services to clients seeking to reduce their carbon footprint, announced the launch of CleanTrade, a new marketplace aimed at enabling the purchase and sale of clean energy contracts, virtual power plant agreements, and other products, services and assets, via a single trading platform. The new marketplace will be funded by the company’s recent $32 million…
IBM announced today the acquisition of renewables-focused asset performance management (APM) software provider Prescinto, in a move described by the company as aimed at furthering its leadership in the energy and utility space, as the industry seeks solutions to manage and optimize wind, solar, and other renewable energy storage assets. Founded in 2016, India-based Prescinto provides software products to improve…
BNP Paribas Asset Management (BNPP AM) announced that it has raised €280 million (USD$305 million) at the first close of BNP Paribas European Junior Infrastructure Debt Fund II, aimed at supporting energy transition, green mobility and digital infrastructure projects. Classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR), the fund invests in non-investment grade infrastructure debt, targeting…