Nordea Asset Management has been awarded a near €1bn (£870m) ESG-focused European covered bond mandate by ABN AMRO Investment Solutions (AAIS). The mandate will be run by the firm’s fixed income rates team, which has over 20 years’ experience in the covered bonds space and is already managing over €40bn. AAIS maintains a core allocation to European covered bonds, reflecting…
Aviva Investors, Climate Impact Partners Launch Forest Project to Remove up to 6 Million Tonnes of Carbon
Voluntary carbon markets-focused finance company Climate Impact Partners and Aviva Investors, the global asset management business of Aviva plc, announced the launch of the Llanos Vivos project, a large-scale afforestation and restoration initiative in Colombia, designed to generate high-integrity carbon removal credits while restoring degraded land. The project, located in the Vichada region of Colombia’s eastern plains, will cover up…
BTG Pactual TIG Raises Over $1.2 Billion for Reforestation and Restoration Strategy
BTG Pactual Timberland Investment Group (BTG Pactual TIG) announced that it has raised $1.24 billion in commitments at the close of fundraising for its Latin American Reforestation Strategy, making it the largest-known reforestation and restoration fund closed to date, according to the firm. BTG Pactual Timberland Investment Group (TIG), a subsidiary of Latin American investment bank BTG Pactual, is one of…
FCA to Pilot Reporting Requirements for ESG Ratings Providers
The Financial Conduct Authority (FCA), the UK’s conduct regulator for financial services firms and financial markets, announced an invitation to ESG rating providers to pilot a new proposed reporting regime for ESG ratings. The new pilot project follows the release by the FCA in December of new proposed requirements for ESG ratings providers, launched after the finalization of new legislation…
Achmea Publishes Climate and Nature Transition Plan
Netherlands-based insurance and financial services company Achmea announced the launch of its Climate and Nature Transition Plan 2026, setting out the company’s plan to achieve its sustainability ambitions, including its goals to achieve net-zero greenhouse gas (GHG) emissions across its operations and value chain by 2050, and to protect and restore biodiversity through financing and investment activities, integrate biodiversity considerations…
Multi-State Coalition Warns Moody’s, S&P, Fitch Over Use of ESG in Credit Ratings
A group of 23 U.S. State Attorneys General* published a letter to Moody’s, S&P Global Ratings and Fitch Ratings, raising concerns over the firms’ incorporation of ESG factors into their credit ratings for companies and jurisdictions. The letter, led by the AGs of Nebraska, Alaska, Florida, and Texas cites alleged violations by the credit rating agencies of federal and state…
GHG Protocol Appoints Tim Mohin as First CEO
Greenhouse Gas (GHG) reporting framework provider GHG Protocol announced today the appointment of sustainability strategy and reporting veteran Tim Mohin to the newly created role of Chief Executive Officer. GHG Protocol was established in 1997 by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD) to develop comprehensive global standardized frameworks to measure and manage GHG…