Michael Hurley

Japan's FSA publishes bond & loan 'transition finance guidelines'

Japan's Financial Services Agency (FSA) has published Basic guidelines on climate transition finance, with the aim of encouraging "more funds for activities that contribute to achieving [the national government's goal of] 2050 carbon neutral[ity]".

News round-up: Aviva, S&P, Germany

CA100+ hails landmark GE vote on net zero benchmark

General Electric shareholders have unanimously supported a climate-related vote that asks the multinational conglomerate to provide information on how it will align with the recently launched Climate Action 100+ (CA100+) net-zero benchmark.

Tribe Impact Capital seeds BlueBay impact bond fund

BlueBay has launched a public debt 'impact-aligned' fund which has drawn investment from private wealth manager Tribe Impact Capital.

French insurers win ACPR praise for climate action

The French regulator has released the findings of the climate pilot exercise it commenced last July and praised the many insurers targeting carbon-neutrality this decade, and low exposures to sectors most threatened by climate change.

Investor engagement on meat takes aim at gaps in fast-food brands' climate strategy

Two Sigma Impact invests in soap, skincare supplier

Quantitative investment manager Two Sigma Impact has acquired Wholesale Supplies Plus, a provider of ingredients and packaging for soap, skincare and candle producers.

ECB 'will draw on full supervisory toolkit' to correct banks' climate risk mismanagement

The European Central Bank (ECB) has placed Eurozone banks on notice that, where it sees that they "are not managing their exposures to climate-related risks in an adequate manner, we can and will draw on the full supervisory toolkit at our disposal to correct that situation".

2020 saw dip in emerging market impact fund launches, Phenix data show

Just 59 emerging market impact funds were launched last year - compared with 90 funds in 2019, and 58 in 2018, according to data provided by Phenix.

Nuveen raises $575m with 'impact' debt fund IPO

Nuveen has raised $575 million through the initial public offering (IPO) of a debt fund that it claims to be the first positive-impact, closed-end fund.