Sustainable transition-focused investor Impax Asset Management announced today the appointment of former HSBC Asset Management UK CEO Stuart White to the newly created position of Executive Director, Business Development. White joins Impax after 15 years at HSBC, including five years as Chief Executive Officer, UK & Global Head of Official Sector Institutions of the firm’s asset management business. Additional roles…
Global impact finance firm Human Planet announced the appointment of former HSBC sustainability leader Sabrin Rahman as Partner, responsible for leading the company’s expansion into the Middle East and North Africa (MENA). Launched in 2022, Human Planet is a global impact finance-focused firm, providing advisory services aimed at helping NGOs, governments, and investors to mobilize capital for large-scale climate action…
Climate solutions and sustainable infrastructure investment firm HA Sustainable Infrastructure Capital (HASI) announced that it will invest up to $500 million in a new joint venture with residential clean energy provider Sunrun, aimed at financing and developing home-based distributed energy assets across the U.S. Founded in 2007, San Francisco-based Sunrun provides home battery storage, solar, and home-to-grid power plants, including offering…
The Philippine Securities and Exchange Commission announced the adoption of the Philippine Financial Reporting Standards (PFRS) on Sustainability Disclosures, a new set of sustainability and climate-reporting guidelines based on the standards developed by the IFRS Foundation’s International Sustainability Standards Board (ISSB). The new standards will form the basis of new mandatory sustainability and climate-related reporting requirements being implemented by the…
Norway-based energy company Equinor announced that it has launched a civil lawsuit in a U.S. district court, challenging an order by the Trump administration’s Bureau of Ocean Energy Management (BOEM) to halt work on Empire Wind, a large-scale $5 billion offshore wind project off the coast of New York, anticipated to power 500,000 homes with renewable energy. The order –…
Global alternative asset manager TPG announce that it has made a majority investment in software company Trustwell through The Rise Funds, the multi-sector strategy within its global impact investing platform. Founded in 2023, Trustwell develops SaaS-based platforms used by food and beverage companies to manage regulatory compliance, supplier oversight, product development, nutrition labeling and traceability. The company draws on a…
Italian energy company Eni announced today the transfer of the business branch of its Refining Evolution & Transformation unit, which includes refineries and logistics businesses in Europe and the Middle East into a newly formed company, Eni Industrial Evolution S.p.A. According to the company, the transaction forms part of its “strategy to ensure a fully decarbonized energy offering both in production…
HSBC announced the appointment of Chaoni Huang as Managing Director and Head of Sustainable Finance and Transition for its Asia business. Huang joins HSBC after more than six years at BNP Paribas, most recently serving as Managing Director, Head of Sustainable Capital Markets, Global Markets APAC, and she has also held sustainable finance and ESG-related roles at firms including Natixis,…