Private Equity Wire: The report cutes sources familiar with the matter as saying that Carlye began raising capital for Carlyle Renewable & Sustainable Energy Fund II earlier this year, which it achieves its target size, will be twice the size of its $800 million predecessor fund.
BNN Bloomberg: The head of Canada’s $400 billion pension fund said he’s willing to cut ties with firms that aren’t committed to their net-zero targets.
Yahoo Finance: Dimensional Fund Advisors, the Austin, Texas-based firm with nearly $600 billion in assets under management, added a new exchange-traded fund to its new lineup of sustainable products. The launch comes after the firm introduced its first set of green ETFs earlier this month.
BNN Bloomberg: Heavyweight creditors including Apollo Global Management Inc. and Oak Hill Advisors are making a high-level push to encourage borrowers in the loan market to increase disclosures on everything from carbon emissions to board diversity.
BNN Bloomberg: Canada is considering furthering its reach in ethical securities, after making its debut in the green bond market earlier this year.
Private Equity Wire: Novata, an ESG data management platform built for the private markets, is to provide ESG measurement and analysis support services for some of Ares Management's (Ares) direct lending strategies.
BNN Bloomberg: The Windy City's retirement fund said it plans to sell all $350 million of its fossil-fuel holdings by the end of 2027, or invest enough in clean energy to fully offset its stakes in oil, gas and coal.
Cision: Large US companies are increasingly linking executive compensation to some form of ESG performance, with the share growing from 66 percent in 2020 to 73 percent in 2021. At the same time, just a minority of polled corporate executives say including ESG (environmental, social, and governance) performance goals in executive pay is very important in achieving their ESG goals.
Reuters: Royal Bank of Canada released interim 2030 targets to cut carbon emissions linked to some of its loans, yet drew criticism from environmental campaigners for not going far enough.
Funds Europe: A third, or 33%, of investment required to meet net zero targets must be spent in the EU and US combined, according to BNY Mellon Investment Management (BNYMIM) research.