Weekly Sustainable Finance Newsletter 36/2024

Explore the latest product launches, regulatory developments and innovations in the area of Sustainable Finance and much more!

It is our pleasure to share the Sustainable Finance Daily Newsletter 36/2024?covering?September, 02 until September, 08 with you.

Future Sustainability Forum

The Future Sustainability Forum hosted in December in Dubai gives you the unique opportunity to addend a world-class event with 5,000+ C-Suite Leaders, 100+ Global Speakers and 2 days full of dynamic discussions, presentations and hands-on experiences. Explore and engage across eight core pillars such as Sustainable Banking & Finance, Sustainable Technology & Innovation and many more.

Date: 4-5 December 2024

Place: Madinat Jumeirah, Dubai

Passes: Apply for a FREE EXPO ZONE Pass here (offer valid until 30 September 2024) or buy a CONFERENCE ZONE or VIP ZONE Pass now and save US$100!

BNP Paribas Asset Management launches two ESG Active Beta Equity ETFs

BNP Paribas Asset Management launched two equity ETFs: BNP Paribas Easy Sustainable Japan UCITS ETF and BNP Paribas Easy Sustainable US UCITS ETF. These funds blend traditional indexing with BNP AM’s proprietary ESG methodology, aiming for sustainability-focused investments with minimal tracking error. Read more here.

Robeco launches High Income Green Bond Strategy

Robeco has introduced its first High Income Green Bond strategy, marking a significant expansion into the credit market with a focus on sustainability. This strategy, classified under Article 9 of the Sustainable Finance Disclosure Regulation (SFDR), is designed to offer attractive income while financing environmental projects. Read more here.

AllianzGI’s Impact Private Credit strategy reaches EUR560mn

Allianz Global Investors (AllianzGI) achieved €560 million in total commitments for its Impact Private Credit (IPC) strategy at the first closing. This strategy aims to deliver both financial returns and measurable environmental and social impacts by investing in private credit for companies aligned with sustainable development. Read more here.

Mirova raises more than €200 million in commitments for its first private equity fund

Mirova has exceeded €200 million in commitments during the final closing of its first private equity fund dedicated to natural capital. The fund focuses on investing in businesses that prioritize biodiversity conservation and the sustainable management of natural resources. Read more here.

SEB launches its SEB Global Sustainable Companies Fund

SEB has launched the SEB Global Sustainable Companies Fund, an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR). The fund invests exclusively in companies committed to environmental and social sustainability, aligned with EU Taxonomy and the UN’s Sustainable Development Goals (SDGs). Read more here.

Nasdaq partners with Crux to unlock Inflation Reduction Act's Clean Energy Tax Credit Market

Nasdaq has teamed up with sustainable fintech company Crux to facilitate access to the Inflation Reduction Act’s clean energy transferable tax credits. This partnership will allow Nasdaq clients to leverage Crux’s platform to connect with clean energy developers and manufacturers, and to manage and acquire these tax credits. Read more here.

BNP Paribas AM secures $166m for Cleantech Venture Fund

BNP Paribas Asset Management (BNPP AM) has successfully raised €150 million (USD $166 million) for its BNP Paribas Solar Impulse Venture Fund (BNPP SIVF), targeting innovative cleantech startups to advance ecological transition. Launched in 2021 in partnership with Bertrand Picard’s Solar Impulse Foundation, the fund focuses on sectors such as energy transition, sustainable agriculture, circular economy, and smart cities. Read more here.

Australia passes landmark climate disclosure law for companies

The Australian Senate has passed a new law mandating climate-related reporting for large and medium-sized companies, aligning the country with international sustainability standards. The law, part of the Albanese government’s Sustainable Finance Roadmap, requires companies to disclose climate risks, opportunities, and greenhouse gas emissions. Read more here.

ESMA reports that transition funds outpace green investments

Investor interest in transition-focused funds, which support the shift from high-carbon to low-carbon activities, has nearly doubled inflows compared to traditional green funds over the past two years, according to a report by the European Securities and Markets Authority (ESMA). Read more here.

RMB Namibia and Letshego Namibia partner for social bond issuance

RMB Namibia and Letshego Namibia have launched the country’s first social bond, raising N$ 450 million. This bond is aimed at promoting affordable housing and financial inclusion, particularly for lower-income Namibians. Listed on the Namibian Stock Exchange (NSX), the bond received bids totaling N$ 545 million, exceeding expectations. Read more here.

Ossiam appoints Ksenya Rulik as Head of Research and ESG

Ossiam, a leading quantitative investment firm, has appointed Ksenya Rulik as Head of Research and ESG (Environmental, Social, and Governance). Rulik, who has an extensive background in quantitative analysis and portfolio management, rejoins Ossiam after previously serving the firm in similar roles. Her expertise spans systematic investment strategies, ESG integration, and advanced research methodologies. Read more here.

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Your Sustainable Finance Daily Team