Finance

KeyBank Community Development Lending and Investment (CDLI) is investing $10 million toward the creation and preservation of affordable housing in the city through the Detroit Housing for the Future Fund (DHFF)

Firm Intends to be a Global Leader in Providing Sustainable Finance Solutions for Companies Driving the Energy Transition

The Risk Management Association (RMA) announced today that 19 leading banks have formed the RMA Climate Risk Consortium (“The Consortium”), which will develop standards for banks to integrate climate risk management throughout their operations

Blackstone Inc. announced that funds managed by Blackstone Infrastructure Partners have entered into a definitive agreement with CDPQ and Invenergy for an approximately $3 billion equity investment in Invenergy Renewables Holdings LLC.

Morgan Stanley announced the launch of the Institute for Inclusion’s (IFI) Equity in Education and Career Consortium.

According to headhunters, a growing number of ESG specialists are now being propelled into a completely different income bracket from the one they inhabited just a few years ago. That’s as the market for ESG assets hurtles past $35 trillion.

The KeyBank Foundation is making a $25,000 grant to the Food Bank of Central New York. This investment is part of KeyBank’s $40 billion National Community Benefits Plan, which helps communities reach social, economic and racial equity

The financing provided for over 6,000 units of new & preserved housing for low- & moderate-income people. In addition, over 6 loans & investments went to development projects that will provide jobs & services for communities in the Bank’s footprint.

Sustainable finance at PNC continues to evolve, from its first green bond in 2019 to an inaugural social bond in 2021 & commitment to mobilize $20 billion in environmental finance as an extension of the company’s $88 billion Community Benefits Plan.

Impact Cubed, a leading provider of ESG data and investment solutions, has launched its Impact Alpha strategy, a market neutral equity long-short strategy that aims to deliver an absolute return while targeting ESG themes and climate solutions.