Michael Hurley

Federal Reserve 'making important progress' on climate change, says governor

The US central bank "has been making important progress in laying the groundwork to incorporate climate considerations where they are material and relevant to our statutory responsibilities," according to a governor of the Federal Reserve.

International sustainability standards 'should incorporate SDGs'

Efforts to develop international sustainability reporting standards should use the Sustainable Development Goals (SDGs) "as an underlying anchor", according to the European Securities and Markets Authority (ESMA).

Schroder BSC social impact IPO raises £75m, falls short of target

The first-of-its-kind Schroder BSC Social Impact Trust raised £75 million ($102 million) from an initial public offering (IPO) on the London Stock Exchange - but fell short of its £100 million target.

Builders Fund backs solar energy for low-income households

The Builders Fund led a $33 million funding round by Posigen, a provider of rooftop solar panels and energy efficiency products for 'low- and moderate-income' households.

Biden urged to bolster US impact market with disclosure rules

The incoming Biden administration has been urged to bolster US impact investment by pushing regulators to require sustainability disclosures and clarify the role of impact in investors' fiduciary duty.

News round-up: Federal Reserve joins NGFS, BNP's energy transition fund, Poseidon Principles ... and more

BNP launches 'Paris-compliant' property impact fund

BNP Paribas Real Estate Investment Management has launched what it claims is the first property fund explicitly aiming to comply with the goals of the Paris Agreement.

Credit Suisse, UOB launch Asia impact fund

Credit Suisse and UOB's private equity arm have raised about $60 million at first close of the second Asia Impact Investment fund (AIIF II).

'World-first' gender-lens property fund launches

A 'world-first' fund aiming to invest in affordable, safe and secure homes for vulnerable women has been launched, with an initial £15.5 million ($21 million) in investments.

Singapore central bank launches impact measurement initiative

The Monetary Authority of Singapore (MAS) has launched a FinTech initiative to "promote a green financial ecosystem" in the country, among the aims of which is to measure the environmental and social impact generated by investments and loans.