Robeco has been awarded a £75m mandate by the UK’s National Trust. The sum is seed investment for Robeco’s Climate Global Credits Fund, which invests in global corporate bonds with explicit climate targets. Robeco says that the strategy starts with a 50% lower carbon footprint than the wider corporate bond market and aims to decarbonise 7% per year.
NN Investment Partners has won a listed-impact mandate from Norwegian Gjensidige Pensjonsforsikring following a call for proposals on the Global Fund Search platform. The Norwegian pension fund seeks to develop new pension profiles with a clear ESG focus.
Sumitomo has announced that it will exit the thermal coal mining business by 2030. The Japanese trading house also plans to exit the coal-fired power business in the 2040s by making no new investments. In its business plan, unveiled on Friday, Sumitomo announced plans to cut its CO2 emissions by 50% by 2035.
More than half of private equity in…