How to Convince Blackrock to Invest Millions in You

Tuio, a Spanish insurance startup, successfully secured a significant investment from Blackrock, the world's largest asset manager, in a recent funding round. The company, founded by Juan García, Asís Pardo, and José María Lucas, has shown impressive growth, attracting 65,000 clients by 2024. Tuio's strategy involves offering competitive insurance policies, including a new pet insurance product, and leveraging artificial intelligence to meet customer needs. The investment will help Tuio expand its services and maintain its competitive edge in the insurance market.

How to invest in the fourth quarter? 5 ideas from Raquel Blázquez (Ibercaja Banca Privada)

The article discusses investment strategies for the fourth quarter amidst economic uncertainty and geopolitical conflicts. Raquel Blázquez from Ibercaja Banca Privada offers insights into potential investment opportunities in sectors like infrastructure, small and mid-cap stocks, and healthcare, as well as beneficiaries of the significant capital expenditure in artificial intelligence. The piece highlights the challenges posed by market volatility and the upcoming U.S. presidential elections.

Merlin Properties strengthens its energy transition with data centers

Merlin Properties is advancing its energy transition by planning to build data centers, a move supported by Bloomberg Intelligence's analysis. The company aims to achieve net-zero carbon emissions by 2030 through ambitious yet feasible plans, including the construction of three data centers in Spain worth 600 million euros. These centers will use 100% renewable energy and support Merlin's sustainability goals. The company's holistic approach to technology and sustainability is expected to yield significant economic returns, positioning Merlin as a market leader while accelerating its energy transition.

Naturgy beats forecasts by earning 35.8% more in 2022

Naturgy closed 2022 with a net profit that exceeded analysts' forecasts, increasing by 35.8% compared to the previous year. The company, led by Francisco Reynés, reported a net profit of 1.649 billion euros, surpassing both the previous year's 1.214 billion euros and the analysts' estimate of 1.555 billion euros. The strong performance was driven by an EBITDA of 4.954 billion euros, a 40.4% increase from the previous year, supported by high energy prices and strong performance in liberalized activities. Naturgy announced a total cash dividend of 1.20 euros per share for 2022, aligning with its strategic plan. The company also noted that its project to split into two listed companies, Project Géminis, is currently postponed due to market conditions and regulatory uncertainties.

Why Green Bonds Are Not the Panacea

Green bonds are criticized for being insufficiently stringent and allowing greenwashing, according to Andrés Sánchez Balcázar of Pictet AM. He argues that evaluating the overall climate policy of debt issuers is more important than focusing on specific green projects. European countries like France, Germany, and the UK are leading in climate efforts, while Spain shows promise but struggles with deforestation. The article highlights the need for stricter regulations and a holistic approach to sustainable investment.

Sultan Al Jaber: the oil magnate who will chair COP 28 in 2023

The upcoming COP 28, scheduled from November 30 to December 12, 2023, is set to be a pivotal event for global climate action, though it is mired in controversy due to its host nation, the UAE, and its appointed president, Sultan Al Jaber. Al Jaber, who leads one of the world's largest oil and gas companies, Adnoc, also has a background in renewable energy. His dual role has sparked debate, with some seeing it as a conflict of interest while others believe it could expedite climate solutions. The article highlights the divided opinions among sustainability experts and diplomats, noting the urgency of achieving significant climate progress as greenhouse gas emissions continue to rise.

Tesla consolidates China's ESG advancement with a new battery plant

China is striving to lead the global energy transition, bolstered by Tesla's announcement of a new large-scale battery factory in Shanghai. This facility will produce Megapack units for grid-scale energy storage, enhancing China's position in the global energy storage supply chain. The construction is set to begin in the third quarter of this year, with production starting in the second quarter of 2024. The move is part of Tesla's broader vision to significantly increase stationary battery storage over the next two decades. The article also highlights the competitive landscape among China, the United States, and Europe in the electric vehicle sector, with Europe seeking to reduce its dependency on China and the U.S. for electric vehicle production.

The 9.500M€ Australian Plan by Brookfield that Threatens Iberdrola, Acciona, and Naturgy

Brookfield, a Canadian investment fund, has led a consortium to acquire the Australian energy company Origin for approximately 9.500 million euros. The deal will split Origin into two entities, with Brookfield focusing on energy markets and MidOcean Energy handling the gas business. Brookfield plans to prioritize wind energy projects in Australia, aiming to build 10-11 gigawatts of wind generation and 4 gigawatts of batteries to replace coal plants. This significant investment underscores the growing competition in the renewable energy sector and aims to accelerate Australia's transition to zero emissions.

20% of companies may see their ratings worsen due to climate change

Fitch reports that 20% of global companies could face credit rating downgrades due to climate risks by 2035. This highlights the need for businesses to prepare for climate change impacts and underscores the growing importance of ESG factors in financial assessments. Companies with higher climate vulnerability scores are at greater risk, and investor awareness of sustainability impacts is increasing, as noted by Standard & Poor's and Deloitte.

Mining Companies Merge to Join the Energy Transition

The energy transition has accelerated in recent years, driving significant mergers and acquisitions in the mining sector. According to Global Data, 25% of the top 20 mining M&A deals in 2022 were driven by the need for diversification and sustainability. The demand for metals like cobalt, nickel, and lithium, essential for renewable energy and electric vehicles, has increased. Despite a 34% reduction in total M&A volume in 2022, a significant portion was focused on the energy transition. Mining companies are consolidating to meet the growing demand for these critical metals, with projections indicating that global electric vehicle production will exceed 30 million by 2031. Mining firms are also expected to benefit from substantial subsidies for their efforts in producing metals crucial for green energy development.