Investment management firm Eurazeo announced today that its inaugural transition infrastructure program raised €706 million (USD$770 million) in commitments at its final close, beating the strategy’s initial €500 million target by more than 40%, and only 20 months after first closing. The commitments include €663 million for the Eurazeo Transition Infrastructure Fund (ETIF), classified as Article 9 under the SFDR…
Tech giant IBM and real estate and investment management-focused professional services provider JLL announced the launch of an ESG data management and reporting solution targeted at the commercial real estate (CRE) sector. According to IBM and JLL, the new solution comes as corporate lease demand is shifting based on ESG requirements, with anticipated demand for low carbon office space expected…
ESG due diligence is becoming increasingly important and commonplace in the M&A process, with its link to monetary value as the primary driver, with most M&A dealmakers willing to pay a premium for targets with high ESG maturity, and over half reporting encountering ESG-related deal-stoppers, according to a new survey released by global professional services firm KPMG. For the report,…
Global fashion online retailer SHEIN announced the launch of a new Circularity Fund, with the company providing an initial investment of €200 million, aimed at supporting startups in Europe and the UK focused on textile-to-textile circularity solutions. The new fund comes as the fashion industry, and the fast-fashion sector in particular, face increasing pressure to address the climate impact of…
New laws and regulations at the state and federal levels in the U.S. are anticipated to create mandatory requirements for thousands of companies to provide climate-related reporting, in areas including value chain emissions and climate-related risks, even in the potential absence of climate reporting rules from the Securities and Exchange Commission (SEC), according to a new report by Fitch Group’s…