Manulife Financial’s global wealth and asset management business Manulife Investment Management announced that it has raised $224.5 million in commitments at the initial close of Manulife Forest Climate Fund LP, reaching nearly the halfway mark towards the fund’s targeted $500 million in committed capital. Launched in late 2022, and aimed at providing investors with the opportunity to invest in nature…

Green energy developer TES Canada announced the launch of Projet Mauricie, a new C$4 billion (USD$2.9 billion) green hydrogen project in Quebec, Canada, aimed at supporting the decarbonization of hard-to-abate industries and contributing to the province’s climate goals. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for industrial and…

Lawmakers in the European Parliament and Council announced that they have reached a provisional agreement on new legislation aimed at restoring and protecting natural habitats and ecosystems, including a mandated target for EU countries implement measures to restore at least 20% of the EU’s land and sea areas by 2030, and for all ecosystems in need of restoration by 2050….

The vast majority of senior investors and business executives are planning to increase ESG investment over the next 5 years, with each group anticipating a range of benefits from a greater ESG focus, including 90% of investors expecting enhanced returns, and executives seeing improved access to capital and corporate reputation, according to a new survey released by Bloomberg Intelligence (BI)….

Investment management firm Fidelity International announced the publication of its Nature Roadmap, outlining the company’s approach to the integration of nature in its sustainable investments and stewardship processes, and setting a series of commitments including a pledge to begin voting against companies that fail to meet expectations on deforestation-related practices and disclosure from 2024. The new voting policy follows the…