Michael Hurley

Articles by Michael Hurley

  • North American banks form climate risk group

    14 January 2022

    A group of 19 US and Canadian banks has formally agreed to collaborate on approaches to managing climate risk, as regulators across the continent ready new rules.

  • UN agency advocates 'more long-term' credit ratings with SDG bent

    14 January 2022

    Credit ratings agencies should be required to take a longer-term approach to assessing the credit quality of sovereign issuers, to account for climate risk and the Sustainable Development Goals (SDGs), a UN department has suggested.

  • Verdane claims 'largest' growth equity impact fundraise

    14 January 2022

    Oslo-based investor Verdane has claimed that its €300 million ($344 million) fundraise makes its growth equity impact fund the largest such investment vehicle in Europe to date.

  • UK regulator writes to CEOs of climate focus in 2022

    13 January 2022

    The UK's Prudential Regulation Authority (PRA) has placed CEOs of banks, general insurers and deposit takers on guard for the increased regulatory scrutiny it has promised to bring to bear on climate change this year, as it named climate-related risks among its top priorities for the year.

  • MSCI partners with GIST on impact data

    12 January 2022

    Financial services giant MSCI has partnered with impact data specialist GIST to provide its clients with access to information on companies' positive and negative environmental and social impact.

  • WBA requests feedback on nature benchmark

    12 January 2022

    Investors and businesses have been invited to provide feedback on a methodology for assessing "the 1,000 most influential companies" worldwide on their contributions to nature and biodiversity-related UN Sustainable Development Goals (SDGs).

  • Investors urged to cut environmental crime from value chains

    12 January 2022

    Financial institutions have been told they can gain a "first-mover advantage" if they work to eradicate environmental crimes from their financing value chain, thereby avoiding likely reputation damage and potential litigation.

  • DNB reveals extent of Dutch financial institutions' carbon emissions

    11 January 2022

    Dutch financial institutions are estimated to have financed carbon emissions of at least 82 megatonnes (Mt) in 2019, according to analysis by the country's central bank.

  • ISSB launches search for 11 members

    11 January 2022

    The IFRS Foundation Trustees say they have begun a search for 'up to' 11 members of a group that will devise globally applicable minimum sustainability reporting standards.

  • UK pensions impact quota suggested to nurture VC funds

    11 January 2022

    A suggestion to encourage UK pensions to allocate "a small portion, less than 5%" of their investment portfolio to venture capital funds that target positive impact is among dozens of proposals in a report by a member of the upper house of the UK Parliament.