B.C. pension seeks $5B in green bonds by 2025
Paula Sambo, Bloomberg News Boats travel in False Creek near the downtown Vancouver, British Columbia, Canada, on Sunday, June 2, 2019. Canada is scheduled to release gross domestic product (GDP) figures on June 28. Photographer: SeongJoon Cho/Bloomberg , Bloomberg
The British Columbia Investment Management Corp. plans to significantly increase its holdings of sustainability bonds as part of five-year goals for its public markets program.
BCI is targeting $5 billion of cumulative investments in sustainability bonds by 2025, compared with $887 million at the end of last year, according to a statement on its website. It will also reduce the carbon exposure in its global public equities portfolio by 30 per cent, using 2019 as a baseline.
B C s investment fund commits $5-billion to green bonds and plans to reduce its carbon exposure
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Commodity Trader ED&F Man Names Ex-Glencore Veteran Chairman
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Commodity Trader ED&F Man Names Ex-Glencore Veteran Chairman
Bloomberg 2/17/2021 Isis Almeida © Bloomberg Piles of refined white sugar cubes sit at the ED&F Man Ltd. refinery in Nikolaev, Ukraine, on Friday, Sept. 22, 2017.
(Bloomberg) Commodities trader ED&F Man Holdings Ltd. has named a former Glencore Plc veteran trader as chairman.
Chris Mahoney, who retired as chief executive officer of Glencore’s agriculture arm in 2019, will join the London-based trader on March 15 as non-executive chairman, the company said in a statement in response to Bloomberg questions. Chief Financial Officer Lukas Paravicini is leaving the company, best know for hauling sugar and coffee around the world.