Michael Hurley

Articles by Michael Hurley

  • Vanguard pledges to bring cost savings to impact market

    20 January 2022

    US asset management giant Vanguard is to enter the impact fund market by rebranding an existing fund, in a move it said would bring cost benefits to investors.

  • Exxon's net zero goal 'underwhelming, but sign of change'

    20 January 2022

    ExxonMobil's newly-minted net zero 'ambition' will underwhelm many investors - but could be a sign that new board members are bringing positive change, according to commentators.

  • Exxon's 'ambition' for net zero operational emissions

    19 January 2022

    ExxonMobil has set an 'ambition' to reach net zero greenhouse gas (GHG) emissions from its own operations by 2050, months after a climate-themed investor revolt - but stopped short of setting plans to reduce emissions from use of its products.

  • More data needed on ABS climate risk, says Banque de France

    19 January 2022

    Data gaps mean it is not currently possible to measure the climate impact of asset-backed securities (ABS) used as collateral in the European Central Bank (ECB) asset purchase scheme, according to research by France's central bank.

  • Real estate decarbonisation standard under construction

    18 January 2022

    A global standard for the real estate sector to set 'science-based' targets that help restrict global temperature rise to 1.5°C is set for release in April, it has been revealed.

  • Canada climate scenarios warn of potential for 'sudden and large' losses

    17 January 2022

    The potential for "sudden and large" losses due to climate change may mean financial institutions in Canada are required to hold extra capital in reserve...

  • 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.

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