Michael Hurley

UK Investment Association draws up responsible investment framework

The UK Investment Association (IA) has drawn up what it claims is the first industry-agreed framework and definitions for responsible investment.

‘Promoting a green economy’ is not our role, says Swiss central bank

The Swiss National Bank has said that ‘promoting a green economy’ through its operations would run counter to its mandate, “pave the way for conflicts of interest and politicise monetary policy”.

US regulator unveils climate risk expert group

The regulator of the US futures and options markets has appointed a 35-member committee of experts to assess the risks posed by climate change to the financial markets.

EIB fossil fuel lending phase-out hailed as ‘crucial milestone'

The European Investment Bank (EIB) has committed to phase out lending to most fossil fuel projects by 2022, in a move that has been hailed as a crucial milestone in achieving the goals of the Paris Agreement.

Riksbank divestments ‘open floodgates’ to questions on climate divestment

The Swedish Riksbank’s climate-related divestment from carbon-intensive issuers is set to ramp up the pressure on other investors who hold the bonds, demonstrating the potential influence of central banks on climate change, market observers have said.

Bonds round-up: Apple, Chinese banks, CAFFIL, Swiss Life, RBS, KommuneKredit, Nidec ... and more

Candriam: Investors need policy support to drive transition

Candriam's Wim Van Hyfte says the president of the Bundesbank is wrong to suggest that not all areas of sustainable finance are a central bank's domain. He tells Michael Hurley why

Singapore to launch $2bn green investment programme

The Monetary Authority of Singapore (MAS) is to launch a $2 billion ‘green’ investment programme, as part of a raft of measures to stimulate green finance in the country.

Oil Fund aims for 1% of investments in renewables by 2022

The managers of the $1.1 trillion Norwegian sovereign wealth fund have set a target to invest about 1% of the fund’s value in renewables by 2022.

Brunel selects managers for £1bn emerging markets sub-fund

Brunel Pension Partnership has selected Genesis Investment Management, Wellington Management and Investec Asset Management to run a £1 billion ($1.3 billion) emerging markets sub-fund.