Michael Hurley

People moves, 4 June: NGFS, BoE, SEB, Redington ... and more

Citi impact fund invests in fintech, healthcare companies

US bank Citi has invested an undisclosed amount, via its $200 million impact fund, in five companies active in the areas of financial technology, remote healthcare, energy efficiency and construction.

US Impact Investing Alliance calls for riskier community-based investments

Impact investors should be prepared to "take increasingly riskier positions" to send a positive signal to the rest of the market and highlight the opportunity for positive impact in underserved US communities.

TNFD launches with aim to give 'complete picture of nature-related financial risks'

'Act now to avoid a green bubble' says BIS' Carstens

Policymakers must urgently develop verification processes that confirm that promised environmental benefits are actually achieved, the general manager of the 'bank for central banks' has warned.

2DII launches PACTA advisory group

2° Investing Initiative (2DII) has appointed an expert group to advise on new governance for the Paris-based thinktank's climate scenario analysis and alignment methodology.

TPG Rise invests in weather forecasting provider

TPG's Rise impact fund has invested $100 million in Climavision, a company which says its weather forecasting technology is set to become increasingly important as the effects of climate change become more pronounced.

Food systems: Investment risk and opportunity, Part one

Moving to more sustainable food production is necessary to cut GHG emissions and biodiversity loss - but assessing risk and opportunity can be hard, Michael Hurley writes

IFRS Foundation calls for sustainability standards board nominees

The trustees of the IFRS Foundation have called for nominations for the roles of chair and vice-chair of the proposed 14-member International Sustainability Standards Board (ISSB) to develop global sustainability reporting standards for disclosures in corporate reports.

HSBC shareholders vote resoundingly for 2040 coal phase-out

More than 99% of HSBC shareholders backed a resolution put forward by the bank's management that the company phase out financing for the coal industry in the OECD by 2030, and by 2040 worldwide.