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Footprints in the snow
Private debt and ESG don’t have a long history together, but there are signs of much-needed progress being made.
The coupon changes depending on the borrower's performance on water use, material waste and carbon emissions.
There is a 'brown discount' that needs to be applied to real estate assets that are not on the right path to net zero, says Schroders Capital's global head of real estate.
Notes from a call with Kirsten Bode, co-head of European private debt at Muzinich & Co, on ESG margin ratchets, SFDR and ESG exclusion lists.
The manager is on the hunt for borrowers with ESG-related business plans.
energy
The manager has announced first two such loans, and will offer pricing benefits to borrowers who achieve targets.
Ares’ co-founder and chief executive, Michael Arougheti, shed light on the firm’s approach to ESG in its Q2 financial results call.
The borrower provides water infrastructure and services for the oil and gas industry and operates in the Midland and Delaware Basins in Texas. 
Part of the proceeds of the refinancing will be used to upgrade the network in preparation for transportation of hydrogen.
Eiffel Investment Group has raised €576m for Impact Debt II – an Article 9 fund that incentivises corporate ESG improvement through margin discounts and increases.
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