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Enel KPI miss ‘a watershed moment’ for sustainability-linked bond market
Price reaction was swift, with the affected SLBs outperforming unaffected Enel instruments by 0.59% on average
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Actis Announces Launch Of Orygen And New Ceo Following Acquisition Of Enel Generación Perú
Actis, a leading global investor in sustainable infrastructure, has announced the launch of Orygen, its latest energy platform operating as an independent power producer in Peru.
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Actis Acquires Enel Generacion Peru And Takes Over One Of Peru’s Largest Diversified Generation Portfolios
Funds managed by Actis, a leading global investor in sustainable infrastructure, have acquired Enel SpA’s approximately 87% stake in Enel Generación Perú S.A.A. (“Enel Generación Perú”) and 100% stake in Compania Energetica Veracruz S.A.C for a total US$1.3 billion. The transaction is valued at a US$2.1 billion enterprise value on a 100% basis.
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Energy company set to pay ‘largest ever step-up’ on sustainability-linked bonds
Think tank predicts that Italy’s Enel will miss its targets because of government policy
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Enel steps up: the world’s first SDG-linked bond
How an Italian energy company’s new bond marks a defining moment in the evolution of sustainable fixed-income markets.
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Italian schemes team up for public equity investment to bolster domestic economy
The pension fund quartet is creating a consortium for public equity allocations to benefit from tax breaks at mandate level
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Sustainability-Linked Bonds: An Appealing Concept that Disappoints
Like Green, Social and Sustainability Bonds, Sustainability-Linked Bonds can serve as tools to boost their issuers’ sustainability credentials.
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Italian schemes restructure sub-funds offering, introduce new life cycle option
Fondo Pegaso and Fondenel are restructuring their sub-fund offerings for their members, introducing new life-cycle options
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Italian pension schemes with higher equity exposure outperform, says COVIP
Laborfonds, Fondaereo, and Fopen’s equity sub-funds recorded higher returns in 2023 than peers investing in other asset classes
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Largest Dutch schemes positive on SDG bond
Enel commits to paying additional 25bps if it fails to meet its target
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Fopen picks BNP, Schroders, UBS for equity and bond sub-funds investments
The scheme has started the process to define its new strategic asset allocation
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The quest for innovation in sustainable fixed income
Japan’s climate transition bond is the latest in a string of innovative developments in sustainable fixed income
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Ice cube case study
As the global economy transitions towards net-zero carbon emissions, we believe that companies with the commercial need, financial resources and management strength to act on the risks and opportunities generated by decarbonisation will prosper.
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Cometa to vote for diversity and equal opportunities at AGMs
The Italian pension fund wants booard members from gender minorities to hold senior roles
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Italian pension funds pick Eurizon Capital for infrastructure investment
The asset manager will select infrastructure AIFs investing in companies involved in economic, social and renewable energy projects
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Carbon-based pay incentives falling short of investor demands, says report
There needs to be more ambition to implement carbon targets robustly and effectively, using the power of incentives to support the push for net zero
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People moves: Railpen’s Caroline Escott joins Vote Reporting Group as co-chair
Plus: NextGen Pensions picks Escott’s replacement; Barnett Waddingham strengthens governance and secretariat team
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Sustainability-linked bonds: like Marmite for markets?
Sustainability-linked bonds (SLBs) have grown rapidly since 2019 but the market’s preferred method for punishing companies that miss sustainability targets is flawed, argues Mitch Reznick, Federated Hermes Head of Sustainable Fixed Income.
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Italian pension funds group commits €168m to infrastructure
The process to select an asset manager, conducted with the support of Prometeia Advisor Sim, will end in November
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Chile prices first sovereign sustainability-linked bond
Issuer sizes $2bn 20-year deal on the back of orders totalling some $8bn