Bloomberg Nest Corp., the UK’s biggest pension fund by members, will invest $347 million in renewable energy through a partnership with investment manager Octopus Renewables. Nest’s managers are looking to diversify fund’s holdings and support transition towards clean energy. It’s part of a growing wave of investment by institutional investors into renewable energy assets. “The energy transition will require a ...

Ten years ago, an earthquake triggered a tsunami that caused a meltdown. It wasn’t a mixed metaphor. Starting on March 11, 2011, people across the world watched agape as three nuclear reactors in Japan’s Fukushima Prefecture broke down and spewed ionizing radiation far and wide into land, sea and air. Such was the shock that another chain reaction took place ...

In sharing his vision for the type of bank he intends to run, Credit Suisse Group AG’s Thomas Gottstein has been blunt. The giant Swiss lender mustn’t lose sight of its discipline over taking risks, and while mistakes will always happen, “we have no tolerance for unprofessional behavior,” the chief executive officer said recently. His promises are already being tested ...