Michael Hurley

Family offices ‘unconvinced by the green asset class’

Family offices “remain to be fully convinced of the merits of the green asset class… and appear to be only partially committed” to green and sustainable finance, a study has claimed.

Food companies aware of water risks but are not managing them: Ceres

Food companies are failing to effectively manage climate-related water risks such as drought and pollution – despite their growing awareness of these risks, according to Ceres.

More data providers could help grow sustainable investments, survey suggests

Growing the amount of sustainability data providers in the market has been identified among the best ways to increase sustainability-themed investments, according to institutional investor respondents to a Schroders survey.

Countries pledge $9.8bn to GCF

The first replenishment of the UN-backed Green Climate Fund (GCF) has seen 27 countries commit to provide a further $9.8 billion in funding for the next four years.

E.ON pens €3.5bn ESG-linked loan in wake of Innogy merger approval

Energy company E.ON has agreed a €3.5 billion ($3.9 billion) revolving credit facility, the interest rate on which is linked to the firm’s environmental, social and governance (ESG) rating.

‘World-leading’ UK Stewardship Code aims for greenwashing crackdown

IOPS says ESG integration 'is in line with fiduciary duty'

A group of 87 pension fund regulators and supervisors has been advised to clarify that the explicit integration of environmental, social and governance (ESG) factors into pension fund investment and risk management is in line with fund managers' fiduciary duties.

Bioenergy, agriculture and forestry groups lament EU Taxonomy criteria

The “regrettable divergence” of the EU sustainability taxonomy’s criteria from existing European renewable energy regulation has been criticised by a group of industry associations.

Bonds round-up 23 October 2019

ING: let's align climate reporting frameworks

Dutch bank ING has developed a strategy for aligning its lending portfolio with the Paris Agreement, and urges others to follow, Michael Hurley writes