In-Brief
EU agrees to water down sustainability reporting rules
The agreement significantly reduces the scope of both CSRD and CSDDD
Eiffel Investment Group raises €1.2bn for transition infrastructure debt fund
Eiffel Energy Transition III has commitments from 30 institutional investors with 50% of funds raised coming from reinvestments from the first two funds
IFC announces inaugural $100m climate transition bond investment
50% of the funds raised by Turkish bank QNB’s bond will finance projects in hard-to-abate sectors
UK LGPS investors back Stafford’s $1.2bn Timberland Continuation Fund
The Timberland Continuation Fund will hold 74 assets spread across 6.3m acres of timberland. Stafford says it received ‘particularly strong’ interest from LGPS investors who represent 54% of the new fund
EIFO extends €100m loan to Vulcan Energy’s geothermal lithium project
The loan is part of a financing package for Europe’s first integrated lithium supply chain, aimed at reducing high levels of Chinese import dependence
AXA IM Alts’ issues €500m green bond for European logistics fund
The bond, which matures in 2031, has a coupon rate of 3.375%. The issuance, which will finance logistics property acquisitions among other uses, has attracted strong investor interest
AkademikerPension warns SEC against ignoring no-action requests
Anders Shelde, CIO of Danish pension fund AkademikerPension, has written to the SEC expressing concerns over the changes to America’s no-action requests mechanism. Schelde warns that new changes will erode investor rights and push climate to the periphery