Europe
Decoding Article 9 funds with La Financière Responsable’s Alberto Matellán
The general manager of MAPFRE’s asset management subsidiary shares the investment hypothesis behind LFR’s Article 9 fund range
European investors weigh ESG backlash as climate funds buck the trend
Global pushback against ESG is reshaping stewardship and fund labelling, yet capital continues to flow into energy transition infrastructure
In focus: Numeric, Acadian and Robeco among the managers benefiting from PGGM’s investment overhaul
Earlier this month, Dutch pension giant PGGM made headlines with a major shift in its equity portfolio, moving towards a more concentrated, actively managed approach. Which managers have been awarded mandates?
EIFO and Novo Holdings lead €6.1m seed round for Greenland’s Rock Flour Company
The start-up is aiming to scale a new carbon-negative agricultural solution - Greenlandic Rock Flour.
European asset owners are doubling down on climate – managers might want to take note
Gustave Loriot-Boserup, founder of Compass Insights argues that many asset owners remain committed to tackling climate change, this could offer an important opportunity for managers
Steady at the helm: what AP3’s half year results suggest about its climate commitments
The pension fund’s green bond-tilted fixed income portfolio outperformed its benchmark and timberland assets continued to deliver
PGGM ditches mandates with L&G and BlackRock amid sustainability push
Dutch pension giant PFZW has terminated a €14.5bn mandate with US manager BlackRock and a €15bn mandate with UK firm Legal & General amid a push towards active, sustainability-focused management
Iberdola commissions €200m solar power plant in Spain in partnership with Norges Bank
The 316MW project, one of Iberdola’s largest solar PV plants, adds to Iberdola’s expanding renewable energy portfolio in the Castile and León region
Germany’s nuclear legacy: how KENFO invests €24bn for waste disposal
The German endowment KENFO has an unusual backstory – and an even more unusual strategic asset allocation. Head of investment management Verena Kempe sat down with NZI to discuss risk and return drivers, and the endowment’s distinctive focus on private markets
The Paris blacklist: inside AP7’s decision to revamp climate exclusions
This autumn, the Swedish asset owner is set to implement new changes to its Paris Agreement-based exclusion process
Norges Bank announces 9.4% return from unlisted renewable infrastructure
The manager of Norway’s government pension fund has reported investment results revealing that renewable infrastructure, while its smallest allocation, delivered the strongest return
Collateral climate haircuts: the ECB’s new ‘climate factor’ could reshape bond portfolios
A climate risk adjustment to collateral valuations could steer capital away from carbon-intensive issuers
Despite it all: what explains the resilience of green bonds?
The green bond market has been surprisingly resilient; the latest figures from the Climate Bonds Initiative show cumulative GSS+ debt has reached a $6tn milestone