Citi and the World Bank Group’s International Finance Corporation (IFC) announced today the creation of a new $2 billion emerging markets sustainable supply chain finance program, in addition to the launch of a $500 million facility in Mexico as the first project under program. The new program forms part of IFC’s Global Supply Chain Finance Program (GSCF), as its largest…
Water quality-focused environmental restoration solutions company SePRO announced a majority investment from healthcare and resource efficiency private equity investor Stanley Capital Partners (SCP), alongside Goldman Sachs Alternatives as a minority investor. Founded in 1994, Indiana-based SePRO develops solutions aimed at protecting, preserving and restoring nature, with a focus on plant protection and water resource management products and services. The company’s…
M&G plc’s impact investing unit responsAbility Investments announced today that it has raised over $200 million for its climate investment strategy for Asia at the fund’s second closing, including a $100 million investment from M&G’s Life business. Launched in November 2023, the climate strategy aims to contribute to CO2 reduction in Asia through targeted investments in low-emission technologies, addressing an…
London-based asset manager GIB Asset Management (GIB AM) announced today the appointment of Victoria Barron as its new Chief Sustainability Officer. In her new role, Barron will have responsibility for driving the firm’s sustainability agenda, sustainability frameworks and governance, in addition to leading projects to enhance corporate sustainability while supporting the growing development and adoption of sustainability at the sector…
Australia-based global energy company Woodside Energy announced today an agreement to acquire a Texas-based low carbon ammonia plant for $2.35 billion from clean fuels-focused producer OCI Global, citing long-term industrial demand growth for cleaner energy solutions. Demand for ammonia globally is currently around 200 Mtpa, with approximately 80% used for fertilizer applications. According to Woodside, the acquisition comes as the…
This week in ESG news: SBTi backtracks on allowing use of carbon credits in corporate net zero plans; JPMorgan appoints new global head of ESG investment banking; CBRE acquires Singapore-based sustainability advisory firm; Air New Zealand drops 2030 climate goal; GRI, TNFD launch guide to help companies reporting on nature impact using both standards; Veolia becomes first company with net…