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ESG Today: Morgan Stanley Investment Management (MSIM) announced that it has invested $30 million in energy sector-focused methane management solutions provider Insight M, leading a growth equity funding round in the company.
ESG News: Italian energy giant Eni has sold a 20% stake in its retail and renewables arm, Plenitude, to U.S. alternative investment firm Ares Management Corp. for approximately €2 billion ($2.3 billion).
Funds Europe: Tensions between Israel and Iran are sending shockwaves through global markets. Investors are growing more cautious, closely watching oil-driven inflation, shifting safe-haven flows and uncertainty around central bank decisions.
BNN Bloomberg: It’s been a year now since a new law took effect that requires companies to back up their environmental claims, but there’s still a lot of unknowns about how the anti-greenwashing rules will play out.
ESG News: The U.S. Securities and Exchange Commission (SEC) has formally withdrawn two proposed rules central to the Biden-era ESG regulatory agenda—one requiring enhanced ESG disclosures from investment advisers, and another revising the shareholder proposal and resubmission process.
CBC: Some corporate leaders say new anti-greenwashing legislation has had the unintended effect of dissuading companies from taking climate action. But environmental organizations and others say that's a cop out.
Business Wire: KKR, a leading global investment firm, announced the signing of definitive agreements to acquire Zenith Energy (“Zenith” or the “Company”), a leading independent power producer (“IPP”), from a consortium including Pacific Equity Partners, OPSEU Pension Trust (“OPTrust”), and Foresight Group (together the “Consortium”), with Zenith’s founder and management retaining a minority stake.
ESG Dive: The Science Based Targets initiative, an organization that validates that corporate sustainability goals align with leading climate science, released a draft revision of its Corporate Net-Zero Standard this spring that proposed substantial changes to the scope of the prior framework for setting climate targets.
ESG Today: Most investors globally are shifting focus outside of the U.S. to find climate-related investment opportunities following the election of Donald Trump, and expect the new administration’s policies to negatively impact global net zero progress and their own portfolio decarbonization goals, according to a new survey released by international asset manager Robeco.
ESG Dive: Gaurav Raniwala, global renewable energy leader at GE Vernova, said that financing had previously relied on the tax equity market, which “was limited in capacity. The industry wanted to be bigger.”
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