Hedge Funds

ESG and Sustainability

The rise of ESG factors in investment decision making will have a dramatic impact on returns and opportunities in the 21st century. A recent survey by LGT Capital Partners and Mercer showed that 57% of respondents believe that incorporating ESG standards into investment decisions will raise returns. Just 9% argued they reduce returns on investment.

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FinTech: Atom Bank And Kamma To Partner For Greening UK Mortgage Assets

September 28, 2023

Atom bank and Kamma have formed a significant partnership aimed at addressing the pressing concerns of climate change. This collaboration brings together Atom bank’s cutting-edge banking technology with Kamma’s climate tech expertise, creating a comprehensive approach to understanding and mitigating climate risks associated with Atom bank’s mortgage portfolio.


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More Stories on ESG and Sustainability

Alternative Investments/ESG: JPM AM Expands Paris-Aligned ETF Range With Two ‘Research-Enhanced’ Products

August 18, 2023

JP Morgan Asset Management (JPMAM) has introduced two Paris-Aligned Benchmark (PAB) ETFs – the JPMorgan Global Research Enhanced Index Equity SRI Paris Aligned UCITS ETF (JSEG) and JPMorgan US Research Enhanced Index Equity SRI Paris Aligned UCITS ETF (JSEU).

Venture Capital: Chevron And Equinor-Backed Sapphire Technologies Raises $10M For Gas Turboexpanders

August 17, 2023

Sapphire Technologies, a company specializing in energy recovery systems for hydrogen and natural gas applications, has successfully raised $10 million in a Series B funding round. The primary investors in this round are Energy Capital Ventures, along with participation from Marathon Petroleum (NYSE: MPC), Chevron Technology Ventures, Equinor Ventures, and Cooper and Company.

Venture Capital: Advanced Ionics Raises $12.5M In bp-Led Series A Round

August 16, 2023

Advanced Ionics, a company pioneering innovative hydrogen electrolyzers for green hydrogen production, has successfully concluded a $12.5 million Series A financing round, with prominent support from bp ventures, Clean Energy Ventures, Mitsubishi Heavy Industries (TYO: 7011), and GVP Climate.

Digital Assets: A Sustainability-Focused Spot Bitcoin ETF Launches In Europe

August 15, 2023

London-based Jacobi Asset Management has launched today Europe’s first Bitcoin exchange-traded fund (ETF) on Euronext Amsterdam, ahead of the U.S. The Jacobi FT Wilshire Bitcoin ETF, trading under the ticker BCOIN, charges a 1.5% annual management fee and is listed on Euronext Amsterdam. Fidelity Digital Assets serves as custodian, while Flow Traders acts as market maker, with authorized participants including Jane Street and DRW.

FinTech: d.light Lands $30M For Low-Cost Solar Devices In Tanzania

August 15, 2023

d.light, a global provider of affordable household products and financial solutions for low-income households, has successfully secured a $30 million securitization facility from the Eastern and Southern African Trade and Development Bank Group (TDB Group), with the potential to acquire up to $125 million of receivable assets.

Venture Capital: EDAC Labs Raises $3M Seed For Direct Air Capture Of CO2

August 15, 2023

EDAC Labs, an innovator in electrochemistry, has secured $3 million in seed funding to expand its distinctive carbon removal technology. The funding round was spearheaded by the Grantham Foundation for the Protection of the Environment, renowned for investing in early-stage climate-related innovations, and supported by notable angel investors.

Alternative Investments/ESG: USCF Advisers Launch Commodity Facing ETF With Sustainable Focus

August 10, 2023

The US Commodity Fund (USCF) has introduced the USCF Sustainable Commodity Strategy Fund (ZSC), an actively managed exchange-traded fund (ETF). This fund aims to achieve overall returns by providing broad exposure to commodities in three sustainability-focused areas: agriculture, renewable energy, and electrification.

Venture Capital: Meatable Raises $35M Series B For Its Cultivated Pork Products

August 8, 2023

Dutch food tech company Meatable has secured $35 million in new funding, bringing its total funding to $95 million. The investment was led by Agronomics and joined by Dutch impact fund Invest-NL along with existing investors, such as BlueYard, Bridford, MilkyWay, DSM Venturing and Taavet Hinrikus.

Digital Assets: Bitfarms To Construct 50MW Bitcoin Mining Farm Powered By Paraguay Hydro

August 8, 2023

Bitfarms Ltd. (NASDAQ: BITF), a global Bitcoin mining company, has begun the first development phase for its 150 MW hydropower contracts in Paraguay. The company is building a 50 MW mining farm in Paso Pe, Paraguay, near its Villarrica facility. The new farm, set to be commissioned in Q1 2024, includes a 30 MW air-cooled warehouse and 20 MW of hydro-cooled miners in containers, obtained with vendor credits to reduce cash outlay.

Alternative Investments/ESG: A New ETF Invests In Loans To Veterans To Ease Their Borrowing Costs

August 4, 2023

Academy Asset Management introduced the Academy Veteran Impact ETF (NYSE Arca: VETZ) on the New York Stock Exchange during the week. VETZ’s primary objective is to generate income by investing in loans for U.S. service members, military veterans, their survivors, and businesses owned by veterans. The main purpose of this fund is to facilitate the flow of capital to veterans, resulting in lowered borrowing costs for both veterans and their families.

Digital Assets: KPMG Issues Report On Bitcoin Mining And Its Favorable Impact On The Environment

August 3, 2023

KPMG, a major accounting firm, analyzed Bitcoin’s alignment with environmental, social, and governance (ESG) principles, highlighting its potential contributions to sustainability. The report focuses on four carbon-reduction techniques used by bitcoin mining firms.

Alternative Investments/ESG: BlackRock Unveils STOXX-50 ETF With ESG Focus

August 1, 2023

BlackRock has expanded its sustainable investing offerings with the iShares EURO STOXX 50 ESG UCITS ETF (ES50), a eurozone equity ETF listed on the Deutsche Boerse with a TER of 0.10%. The ETF tracks the EURO STOXX 50 index, including 50 large European companies that meet STOXX’s ESG criteria.

Venture Capital: Battery Energy Storage Startup Field Lands $257M Investment

July 27, 2023

DIF Capital Partners, through its DIF Infrastructure VII fund, is investing £200 million in Field, a London-based battery energy storage systems developer and operator. The investment seeks to expedite Field’s expansion and construction of a 4.5 GWh pipeline of large-scale battery energy storage projects in the UK and Western Europe, thereby bolstering the area’s renewable energy infrastructure and supporting its Net Zero objectives.

Venture Capital: Israeli Startup Brevel Raises $18.5M Seed For Alternative Proteins

July 26, 2023

Brevel, a microalgae-based alternative protein company, has secured $18.5 million in seed funding to develop a neutral-tasting, sustainable, and affordable protein for the mainstream food industry. The company’s technology combines sugar-based fermentation of microalgae with high light concentrations at an industrial scale, resulting in a protein that can be used in various plant-based products.

Venture Capital: Dioxycle Nabs $17M Funding For Turning CO2 Into Ethylene

July 26, 2023

Dioxycle, a French-U.S. climate tech start-up, has secured $17 million in funding to support the development of sustainable ethylene produced from recycled carbon emissions. The investment comes as investors increasingly seek opportunities to support environmentally-friendly solutions in high-emitting industries, which are crucial for achieving global climate goals but have historically received less funding.

Digital Assets: Sam Altman’s Worldcoin And World Id Project Lifts Off Today

July 24, 2023

Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, has launched its core offering called World ID. The World ID is described as a “digital passport” that proves the holder is a real human, not an AI bot. To obtain a World ID, customers must undergo an in-person iris scan using Worldcoin’s ‘orb,’ a silver ball approximately the size of a bowling ball. The project has already amassed 2 million users during its beta phase.

Venture Capital: Israeli VC Flora Ventures Raises $80M For Startups In Sustainable Agritech

July 24, 2023

FLORA Ventures has launched an $80 million fund to invest in sustainable agrifood tech start-ups in Israel and Europe. It is the largest Israeli-based agrifood venture capital firm and the biggest new VC fund in Israel for 2023. The fund focuses on early-stage start-ups that aim to create a healthier, more sustainable, and resilient agrifood system and supports their global scaling efforts.

Alternative Investments/ESG: DWS Introduces A Range Of Factor-Based Equity ETFs With A Focus On ESG

July 19, 2023

DWS has introduced a series of exchange-traded funds (ETFs) that offer an environmental, social, and governance (ESG) version of its global equity factor ETFs range. These ETFs, listed on the Deutsche Boerse and the London Stock Exchange, have a total expense ratio of 0.25%. The funds track MSCI indices and focus on low carbon metrics and socially responsible investing, targeting large and mid-cap companies from developed countries.

Venture Capital: Coke Bottlers Join to Launch Sustainable Venture Capital Fund

July 19, 2023

Coca-Cola Bottling Co. United, based in Birmingham, is part of a $137.7 million venture capital fund focused on sustainability investments. The fund, called the Greycroft Coca-Cola System Sustainability Fund, will be managed by Greycroft, a venture capital firm. Coca-Cola Bottling Co. United is contributing $15 million to the fund.

Venture Capital: Wa’ed Ventures, The Venture Capital Arm Of Aramco, Invests In Tenderd, An AI-Powered Emissions Monitor

July 18, 2023

Tenderd is a UAE-based startup backed by Peter Thiel. Wa’ed Ventures, the venture capital arm of Aramco (TADAWUL: 2222), has made a strategic investment in Tenderd, an AI-forward startup specializing in decarbonizing construction and logistics operations. Tenderd is backed by top-drawer investors, including Y Combinator, Peter Thiel, BECO Capital and Dynamo Ventures. Tenderd’s platform utilizes…

Venture Capital: Bedrock, Which Gathers Seafloor Data For Wind Energy Systems, Raises $25.5M

July 12, 2023

Bedrock, a seafloor data acquisition and distribution platform, has raised $25.5 million in a Series A funding round. The company aims to revolutionize seafloor exploration and accelerate offshore wind energy development. The funds will be used to bring its unique data offering to the offshore wind market and expand their unmanned autonomous underwater vehicle (AUV) acquisition system.

Venture Capital: Investors Including CBA Pour $220M Into Australian Climate Investment Firm Wollemi Capital

July 11, 2023

Wollemi Capital, a climate specialist investment firm, has successfully raised $220 million in one of Australia’s largest Series A capital rounds of 2023. The Commonwealth Bank of Australia (ASX: CBA) provided an equity investment to support the fundraising.

Alternative Investments/ESG: UBS Debuts ‘Dividend Aristocrats ESG Elite’ ETF Suite

July 7, 2023

UBS Asset Management has introduced a new suite of income-focused ETFs designed for investors interested in sustainable dividends and ESG (Environmental, Social, and Governance) criteria. The suite, called ‘Dividend Aristocrats ESG Elite,’ consists of two funds that provide exposure to global developed and US equity markets.

Venture Capital: Material Evolution Nabs $19M For Technology To Decarbonize Cement

June 30, 2023

Material Evolution: Cement is responsible for some 8% of global CO2 emissions. Material Evolution, an advanced materials company based in the UK, has raised €17.3 million (US$19 million) in Series A funding for its smart, low-carbon cement made from industrial waste streams. The funding will support the scaling of production for their breakthrough cement, which…