Alternatives allocators, to both hedge fund and private equity style vehicles, have assets ready to deploy as standardisation of ESG standards occurs, according to Jim Neumann, CIO of Sussex Partners.
ESG & Responsible Investing
By Jon Mowll, responsible investment analyst at EdenTree Investment Management – The global spread of Covid-19 has increased awareness of systemic issues that predate and have been exacerbated by the pandemic. The virus has raised questions of who and what we – or rather, our economic systems – value, as well as questions around the nature of work, our collective humanity and the role of business in society.
Ara Partners, a private equity firm specialising in industrial decarbonisation investments, has closed its debut fund, Ara Fund I, with approximately USD400 million in capital commitments.
Alternative Investment Partners Private Markets (AIP Private Markets), part of Morgan Stanley Investment Management, has closed a new fund which will focus on climate solutions.
World Green Building Council, a global network of around 70 Green Building Councils, has announced a collaboration with GRESB, the leading global sustainability benchmark for real estate portfolios, to recognise companies that make a Net Zero Carbon Buildings Commitment.
Glennmont Partners, a fund manager focused exclusively on investing in clean energy infrastructure, has agreed to the sale of a 15 per cent minority stake in Project Piiparinmäki, a 211.4mw wind farm, to Kansai Electric Power Company.
Greencoat UK Wind has agreed to buy a Scottish wind farm for GBP320 million, once it has been built by Vattenfall Wind Power.
Milltrust International Group has launched The Climate Impact Asia Fund in collaboration with Environmental Investment Services Asia Limited and WWF Hong Kong.
ESG engagement by European firms is "strong" while their North American counterparts are "lagging behind", according to a new survey by Aberdeen Standard Investments.
Foresight Group (Foresight) and Belltown Power Limited (Belltown) have formed a joint venture (JV) to develop Belltown’s pipeline of greenfield onshore wind energy projects across the UK under the existing Belltown brand.