Michael Hurley

Articles by Michael Hurley

  • French regulator calls for ‘green and brown’ taxonomy

    12 April 2019

    France’s financial regulator has called for the rapid introduction of a formal definition of investments that are beneficial or detrimental to the environment – a so-called taxonomy of ‘green’ and ‘brown’ assets.

  • Dutch investors pressure oil and gas sector to strengthen climate targets

    12 April 2019

    A group of heavyweight investors including NN Investment Partners (NN IP), Actiam, Aegon and Kempen have urged the entire oil and gas sector to set stringent targets to reduce its greenhouse gas (GHG) emissions.

  • Success of $32trn Climate Action 100+ ‘at risk’, say NGOs

    12 April 2019

    The success of the Climate Action 100+ (CA100+) collaborative investor engagement initiative is being jeopardised because many investors are failing to fully support it, according to a group of civil society organisations.

  • Hong Kong regulator says funds must justify their ESG claims

    11 April 2019

    Hong Kong’s securities regulator has said that funds claiming to consider environmental, social or governance (ESG) factors must explicitly disclose how they do this, after its own assessment found that a majority of funds it regulates fails to do so.

  • $26trn impact investment opportunity waiting to be unlocked, says IFC

    11 April 2019

    Investors’ appetite for impact investing could be as high as $26 trillion globally, according to estimates by the International Finance Corporation (IFC).

  • UK pension pool invests £50m in Mirova infrastructure fund

    10 April 2019

    A Mirova infrastructure fund has attracted a €50 million ($43.2 million) investment from the Brunel Pension Partnership pool of UK pension funds.

  • BlackRock-backed blended finance climate fund awarded grant

    10 April 2019

    A grant has been awarded to help develop an ‘unprecedented’ blended finance initiative aiming to scale up investment in emerging market climate infrastructure.

  • Green Bond round-up – 10 April: Senvion, LG Chem, France's GROAT, ocean plastic bond, Toyota, Terna, EIB's new CAB, Peru, Luxembourg links with China

    10 April 2019

    South Korea-based chemicals manufacturer LG Chem has issued green bonds worth $1.56 billion to help finance production of electric vehicle (EV) batteries.

  • ‘Sustainable’ portfolio outperforms in 2°C scenario, Mercer study finds

    09 April 2019

    A portfolio of sustainability-themed investments outperforms a non-sustainable portfolio in a scenario that sees an increase in global climate of 2°C on pre-industrial levels, and does not significantly underperform in 3°C and 4°C scenarios, according to consultancy Mercer.

  • Shell lighting low-carbon path for oil & gas sector, says Church of England

    09 April 2019

    Oil and gas major Shell is “leading the way” in its sector as it plans for the transition to a low-carbon economy, according to the Church of England Pensions Board.