In brief: Tokio Marine seeks ¥12bn for climate

The Tokyo-headquartered asset manager has launched its sixth Japan-focused renewables fund, targeting $103m.

Tokio Marine Asset Management has launched its sixth renewable energy fund.

The TM Nippon Renewable Energy Fund 2021 has a target of ¥12 billion ($103 million; €91 million) and will invest in renewable energy generation projects in Japan, the firm said in a statement.

Tokio Marine AM, the asset management arm of Japanese insurance conglomerate Tokio Marine Holdings, is headquartered in Tokyo and has $69 billion in assets under management.