Fashion label Chanel invests $25 million in new climate adaptation fund

People walk past a Chanel display window at a shopping district in Singapore November 3, 2008. REUTERS

The Landscape Resilience Fund (LRF) was developed by green group WWF and Swiss-based social enterprise South Pole and is starting with $25 million from luxury brand Chanel and $1.3 million from the Global Environment Facility. An independent nonprofit, the LRF aims to attract a further five to 10 additional investors to help finance small businesses […]

Japanese investors sanguine about business potential in Bangladesh

Development in Bangladesh: A most pleasant surprise

The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan’s biggest recipient of official development assistance in 2020. Since the Covid-19 pandemic started more than a year ago, there has been a lot of talks and anticipation about Japanese businesses moving base to Bangladesh. In a series of high-profile interviews, […]

Investors chide Toyota’s Toyoda for questioning combustion car ban

Some Toyota Motor shareholders have criticized its President Akio Toyoda for questioning Japan’s plans to ban conventional cars only days after the firm said it was reviewing its climate lobbying and aimed for carbon neutrality by 2050. The five investors, who collectively have around $500 billion in assets under management and spoke exclusively to Reuters, […]

Dutch investors urged to invest in Bangladesh’s aquaculture

Dutch investors urged to invest in Bangladesh’s aquaculture

Dutch investors are urged to invest in the aquaculture sector of Bangladesh for steady growth and diversification as the country faces trouble in the sector due to the Covid-19 situation. On behalf of the embassy of the Netherlands in Dhaka, Larive International, and their Bangladeshi counterpart, LightCastle Partners, have concluded a study titled ‘Opportunities in […]

Dutch investors urged to invest in Bangladesh’s aquaculture sector

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Experts address a webinar to discuss the potential of Dutch investment in Bangladesh’s aquaculture sector, organized by Larive International, on behalf of the Embassy of the Kingdom of the Netherlands in Dhaka, and LightCastle Partners on Wednesday, April 21, 2021 Courtesy Covid-19 has greatly disturbed the fisheries market, increasing its consumption while also increasing prices […]

Toyota to review climate stance as investors turn up the heat

Japan’s Toyota Motor Corp signalled a shift in its climate change stance on Monday, saying it would review its lobbying and be more transparent on what steps it is taking as it faces increased activist and investor pressure. The carmaker came under scrutiny after siding with the Trump administration in 2019 in a bid to […]

Investor group calls for banks to set tougher climate targets

Smog is seen near transmission towers in Bedzin, near Katowice, Poland, December 5, 2018. REUTERS

The group, which includes Pimco, the world’s biggest bond investor, and Britain’s biggest asset manager, Legal & General Investment Management, said they wanted lenders to set ‘enhanced’ pledges to decarbonise their lending books. While a number of the world’s biggest banks have already said they have an ‘ambition’ to reach net zero greenhouse gas emissions […]

Show us the plan: Investors push companies to come clean on climate

Swedish climate change activist Greta Thunberg takes part in a climate strike protest during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 24, 2020. REUTERS

Those votes are likely to win more support than in previous years from large asset managers seeking clarity on how executives plan to adapt and prosper in a low-carbon world, according to Reuters interviews with more than a dozen activist investors and fund managers. In the United States, shareholders have filed 79 climate-related resolutions so […]

eGeneration’s IPO creates quite the frenzy

eGeneration’s IPO creates quite the frenzy

IPO 40 times oversubscribed eGeneration, the first software technology company to gopublic, is raising quite the interest among general investors, who placed orders for shares 40.76 times their allotted amount. Investors booked shares worth more than Tk 611.43 crore against the Tk 15 crore allocated for them. The lucky few will get to know at […]