International investment manager M&G Investments (M&G) has joined the Climate Bonds Initiative (CBI) Partners Program. The announcement was made by Richard Sherry, Director of Alternative Credit at the Climate Bonds annual conference in London today.
Based in the UK and a signatory to the UNPRI, M&G is one of Europe’s oldest and largest active investment managers with more than 80 years of investment experience.
Richard Sherry, Director of Alternative Credit at M&G:
“Global economies require investment on a huge scale to address social and environmental challenges such as climate change. Hence why institutional asset owners are increasingly looking to invest not only for financial return, but also to benefit society and the environment. Increasing awareness among institutional asset owners, pension scheme members and individual savers is also shifting attitude in favour of a more sustainable approach to investment.
“M&G’s fixed income department is active across a range of climate finance investments including green investments in private debt, public debt and ABS. By partnering with the CBI we can share useful insights on sustainable investment opportunities which will help us contribute to achieving the common long-term goal of building climate resilient economies. M&G’s commitment to climate finance is also demonstrated by our previous activity including a £250 million financing of debt facilities for Lightsoure, a UK solar energy company, or providing mezzanine debt financing to leading French renewable energy producer, Neoen.”
Sean Kidney, Climate Bonds CEO:
“Partnering with M&G provides a new opportunity to develop green bond markets and climate finance solutions. As a high profile institutional investor, M&G are strongly placed for us to work together, particularly on UK and EU development projects.”
Partnering with M&G provides a new opportunity to develop green bond markets and climate finance solutions. As a high profile institutional investor, M&G are strongly placed for us to work together, particularly on UK and EU development projects.
Sean Kidney,
Climate Bonds, CEO