Kevin Leung, Sustainable Finance Analyst for European Debt Markets at IEEFA, explains the implications of Thames Water’s debt crisis for other UK issuers. Thames Water’s financial trouble has been brewing for over a year. The British water utility has been hinging on the prospects of equity injections, following the default of parent company Kemble in April. On 26 September, the…
Amazon announced a series of new deals, and a $500 million investment, kicking off an expanded move to nuclear energy as a component of its strategy to address the increasing climate impact of its rapidly growing data center footprint. The announcement marks the latest in a series of nuclear deals signed by the world’s largest tech companies, including Google’s small…
As businesses work to reduce their carbon emissions, employee engagement becomes a critical factor in achieving real, lasting change. When employees actively participate in sustainability initiatives, they help drive progress. But how can companies make carbon reduction engaging?
Liminal, which uses ultrasound and machine learning to improve the quality and performance of batteries, announced that it has closed a $10 million strategic investment round led by LG Technology Ventures, the venture capital arm of the LG Group. The round also included new support from Chailease Holdings as well as participation from other current investors, including ArcTern Ventures, University…
Aira, which provides clean energy-based heating solutions for European homes, announced that it has raised an additional €63 million (USD$69 million) aimed at expanding the deployment of its heat pumps in more locations. The investment – from existing investors including Temasek, Statkraft Ventures, Kinnevik and Altor – comes in addition to a $158 million (€145 million) Series B round co-led…
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…