Michael Hurley

Articles by Michael Hurley

  • Green and sustainability loans: the growth accelerates

    01 July 2019

    The green and sustainability-linked loan market grew exponentially last year. The next growth spurt could be driven by emerging markets, Michael Hurley writes

  • EU taxonomy ‘niche’ and likely to do as much harm as good, says fund manager

    27 June 2019

    The EU’s taxonomy of sustainable climate-related economic activities “is likely to do as much harm as good”, a UK-based fund manager has said.

  • EU taxonomy could boost green bonds from US munis, Calvert predicts

    24 June 2019

    The EU taxonomy of climate-related activities could encourage greater green bond issuance from US municipalities, the manager of a green bond fund has predicted.

  • Engaging with sovereigns on ESG issues is a challenge, says Allianz

    24 June 2019

    Engagement with sovereign issuers of debt on environmental, social and governance (ESG) issues is difficult for investors,partly because of a lack of available data, according to investment management giant Allianz Global Investors.

  • Bank of England to stress test UK’s financial system by 2021

    21 June 2019

    The Bank of England will by 2021 conduct a stress test of the UK financial system for resilience to the financial risks posed by climate change, Mark Carney has revealed.

  • Germany’s Dürr claims first ESG-linked Schuldschein

    20 June 2019

    German engineering group Dürr has raised €200 million ($224 million) from an innovative Schuldschein whose coupon will vary according to the company’s sustainability rating.

  • Green and sustainability-linked loan market breaks $100bn barrier

    19 June 2019

    The combined total of all green and sustainability-linked loans issued to date has reached about $111.5 billion, according to figures compiled by Environmental Finance.

  • EU’s TEG outlines ‘highly ambitious’ benchmarks proposals

    18 June 2019

    The EU-appointed Technical Expert Group on Sustainable Finance (TEG) has published recommendations for two new categories of benchmark indexes, as well as setting out minimum disclosure requirements that will apply to almost all investment indexes.

  • EU’s TEG unveils final reports in milestone moment for sustainable finance

    18 June 2019

    In what has been billed a landmark moment for sustainable finance, a far-reaching set of recommendations for a taxonomy of sustainability economic activities, an EU Green Bond Standard and climate-themed benchmark indexes has been published.

  • Introduce tax exemption for green bond investors, Canada told

    14 June 2019

    Canada’s government has been encouraged to establish a comply-or-explain approach to climate-related disclosures, introduce tax incentives to encourage green bond issuance and develop a ‘transition-oriented’ taxonomy.