Michael Hurley

• Singapore's Heritas Capital to launch impact fund

  30 December 2020

  Heritas Capital plans to launch a $30 million impact fund to invest in early-stage technology start-ups active in the areas of healthcare, education and food.

• Qatar sovereign wealth fund invests in renewable energy storage

  30 December 2020

  The Qatar Investment Authority has committed to invest $125 million to take an undisclosed stake in energy storage provider Fluence.

• Japan's FSA to form 'expert panel on sustainable finance'

  29 December 2020

  Japan's Financial Services Agency is to form an 'expert panel on sustainable finance' to drive domestic and international investment in Japanese companies that the body says support the transition to a carbon-neutral economy.

• UNDP to identify SDG investment 'opportunity areas'

  24 December 2020

  The UN Development Programme (UNDP) is to next year publish research on 'investment opportunity areas' for investments that advance the UN Sustainable Development Goals (SDGs).

• IFRS 'should use TCFD' as basis for reporting standards, says FSB

  24 December 2020

  The IFRS Foundation's proposal to devise international sustainability reporting standards should be underpinned by the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the Financial Stability Board (FSB) has said.

• TPG Rise invests in Chinese education company

  24 December 2020

  TPG's Rise Fund has invested an undisclosed amount in Chinese education company Meishubao as part of a $210 million series D funding round, according to Chinese state media.

• Pressure on financial institutions to back up climate pledges growing - 2DII

  23 December 2020

  There is a "pressing need" for financial institutions to provide detailed evidence of the impact of their pledges to help curb climate change - especially as regulators increase their scrutiny of the area, according to thinktank 2° Investing Initiative.

• IFRS sustainability standards could create 'additional fragmentation'

  23 December 2020

  The IFRS Foundation has been warned that if it does not support the work of existing standard setters, its proposals to develop consolidated international sustainability reporting standards could lead to "additional fragmentation in an already crowded ecosystem".

• EU Platform calls on Commission to revise taxonomy proposal

  22 December 2020

  The European Commission-mandated Platform on Sustainable Finance has called on the Commission to revise aspects of its draft sustainability taxonomy legislation, including to focus on 'transition' of currently ineligible activities that could eventually align with the taxonomy.

• UK's FCA publishes rules for mandatory TCFD

  21 December 2020

  The UK's Financial Conduct Authority (FCA) has published 'comply or explain' rules for company disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).