World’s largest sovereign wealth funds to act on climate
The members of the One Planet Sovereign Wealth Funds (OPSWF) coalition set out to establish a permanent organisation to track progress on three key areas of focus.
Asset Management
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Mirova closes fifth energy transition infrastructure fund at €1.6 billion
Mirova's core infrastructure fund closing at €1.6 billion demonstrates that private equity investment in clean energy infrastructure is likely to play a vital role in the transition to green energy.
Impact investing heading towards passive investing in public markets
Research from global asset manager DWS Group and research company Create suggests that impact investing is moving beyond the private markets towards the public markets, in a potential reimaging of capitalism.
Manulife launches Global Climate Action Fund for European investors
Manulife Investment Management, a long-standing Canadian financial services firm, has launched a Global Climate Action Fund for European institutional investors in response to demand from the European segment of their investment management services.
Maybank pioneers green banking in Malaysia via first SPF
Maybank’s self-designed sustainable product framework (SPF) is designed to mobilise RM50 billion in sustainable finance to its retail and corporate client base. It could help extend sustainable finance beyond its conventional financial products and into Islamic finance, while also serving as a template for other banks in the country, and in the region.
GLP hires Stefano Fissolo as head of newly established European renewables division
Stefano Fissolo, an experienced manager in energy transition investments, is joining global real estate and logistics investment firm GLP to lead its renewables push in Europe.
California pension fund climate action pledge could counter Republican anti-ESG moves
A series of climate-focused pledges by one of the world’s largest pension funds, the California State Teachers’ Retirement System (CalSTRS), may help to counter the anti-ESG sentiment in the US.
SDI AOP adds SDG impact to sustainable investment classification
The collective SDI Asset Owner Platform (SDI AOP) has updated its classification of sustainable development investments (SDIs) to reflect negative impact on the UN Sustainable Development Goals (SDGs).
OP Financial to cut portfolio emissions
Leading Finnish financial services group OP Financial has pledged sustainability goals across climate, people and governance, to cut portfolio emissions and increase its sustainable finance.
Aktia’s dark green bond fund targets sustainability and impact
Finnish asset manager Aktia is launching a sustainable corporate bond fund in accordance with the EU’s Sustainable Finance Disclosure Regulation (SFDR) Article 9 or ‘Dark Green’ classification.