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ESG Newsletter

    Bill Gates’ Climate VC Breakthrough Energy Raises $839M, 2024’s Largest in the Sector

    2024-08-05

    ESG News: Breakthrough Energy Ventures (BEV), backed by Bill Gates, has secured $839 million for its third flagship fund, BEV III, according to a recent regulatory filing. This makes it the largest climate fund raised so far in 2024.

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    Brookfield Renewable Issues C$400 Million Green Bonds to Fund Sustainable Investments

    2024-07-24

    ESG News: Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) has announced a major step in its green financing efforts with the issuance of C$400 million in medium-term notes.

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    How CFOs Can Overcome ESG Reporting Challenges

    2024-07-23

    Forbes: Finance departments aren’t just for finance anymore, and today's CFO really needs to be a full-on strategist. That’s one of the main conclusions from a report released earlier this month by Genpact and HFS Research, but it’s something most CFOs are very familiar with as their jobs have been rapidly changing.

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    MSCI Study Finds Higher ESG Ratings Lower Cost of Capital for Companies

    2024-07-23

    ESG News: In a comprehensive study conducted by MSCI ESG Research, the relationship between MSCI ESG Ratings and the cost of capital for corporate equity and debt issuers was analyzed. The study revealed that companies with higher ESG ratings generally experience lower financing costs, both in equity and debt markets.

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    Companies, Investors Overlooking Major Financial Risks from Unmeasured Scope 3 Emissions: BCG, CDP Report

    2024-07-23

    ESG Today: Most companies and investors are not yet measuring and targeting reductions in Scope 3 value chain emissions, leading to significant overlooked and unreported financial risks in their supply chains, according to a new report released by Boston Consulting Group and environmental disclosure system CDP.

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    T. Rowe Price Sees Blue Bond Market Poised for Growth

    2024-07-23

    BNN Bloomberg: T. Rowe Price Group Inc. is targeting a corner of the sustainable debt market that it sees growing fast over the next decade: blue bonds. Blue bonds are debt instruments issued by companies or financial institutions to fund projects that help protect or revive the world’s oceans and waterways in the face of climate change, overfishing and pollution.

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    'Strengthen — Not Weaken': Big Business Calls for Policies That Drive Action on Nature

    2024-07-19

    GreenBiz: Some of the world's largest businesses and financial firms have urged governments to embrace more ambitious policies to halt and reverse nature loss this decade, as diplomats step up preparations for the next U.N. Biodiversity Summit in Colombia this autumn.

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    Backlash Against ESG Seen in Sharp Decline of Fund Launches

    2024-07-18

    Yahoo Finance: At some of the world’s biggest asset managers, ESG fund launches are quietly stalling. BlackRock Inc., Deutsche Bank AG’s DWS Group, Invesco Ltd. and the asset management arm of UBS Group AG are among firms that have cut the number of new funds with environmental, social and governance mandates, according to data provided by Morningstar Direct.

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    Blackstone Invests $200 Million in Australian Energy Transition Platform Symphony Infrastructure Partners

    2024-07-18

    ESG Today: Australian energy transition platform Symphony Infrastructure Partners announced that it has raised A$488 million (USD$329 million) in a Series A financing round including A$300 million (USD$202 million) from lead investor Blackstone, with proceeds aimed at accelerating the company’s growth and completing a series of five pending acquisitions.

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    HSBC Launches New Infrastructure Finance Unit to Pursue Low Carbon Transition Opportunities

    2024-07-17

    ESG Today: Global financial services group HSBC is launching HSBC Infrastructure Finance (HIF), a new business unit aimed at pursuing infrastructure financing and project finance advisory opportunities associated with the transition to a low carbon economy, according to an internal memo by Greg Guyett, HSBC’s CEO of Global Banking and Markets, seen by ESG Today.

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