The sustainable investment trust Impax Environmental Markets (IEM) has recommended shareholders vote for the re-election of its current directors and against US hedge fund Saba Capital’s proposed replacements. In a letter from the chair, Glen Suarez, released on Friday (22 May), he said: “In these circumstances, the board is unable to recommend the resolutions proposed by Saba for the appointment…
Sustainable funds return to net inflows in Q1
Global sustainable funds have returned to net inflows at $3.5bn in the first quarter of 2026, a sharp reversal from $27bn in outflows in Q4 2025, new flows data from Morningstar shows. However, the data shows a sharp regional divergence amid ongoing pressure from market and political headwinds. The report found the rebound was primarily driven by Europe, where flows…
Sustainable funds return to net inflows in Q1
Global sustainable funds have returned to net inflows at $3.5bn in the first quarter of 2026, a sharp reversal from $27bn in outflows in Q4 2025, according to new flows data from Morningstar. However, the data shows a sharp regional divergence amid ongoing pressure from market and political headwinds. The report found the rebound was primarily driven by Europe, where…
Standard Chartered Issues its First-Ever Green Wonton Bond to Back Clean Energy, Green Building Projects
UK-based multinational bank Standard Chartered announced that it has issued a Green Wonton Bond, its first-ever Hong Kong Dollar bond, raising HKD$2 billion (USD$255 million) to finance projects including renewable energy and green buildings primarily in Asia. The Wonton Bond market is the market for HKD-denominated bonds issued by foreign entities, such as supranationals, sovereigns, agencies, or corporations in Hong…
Acelen Renewables Secures $1.5 Billion to Build Billion-Liter SAF Project in Brazil
Acelen Renewables, the renewable energy company of Abu Dhabi-based sovereign wealth asset manager Mubadala Capital, announced that it has secured $1.5 billion to construct a renewable fuels biorefinery in the state of Bahia, Brazil. Launched by Mubadala Capital at the COP28 conference in 2023, Acelen Renewables is developing an integrated ecosystem for renewable fuels production in Brazil, with a particular…
Intersect Spinoff IPX Power Secures $4.95 Billion to Build Massive California Solar & Storage Project
Clean energy developer and producer IPX Power announced that it has secured $4.95 billion in financing to fund the construction and operation of the Darden projects, a large scale solar and energy storage initiative transforming retired agricultural land into clean energy for California’s grid. The announcement marks the first project financing for IPX since its formation earlier this year, as…