Michael Hurley

Proliferation of SRI labels could pose problems, says asset manager

The growing number of socially responsible investing (SRI) labels in Europe could present fund managers with a serious headache as they look to comply with future legislation, according to a major French asset manager.

Singapore banks come under fire for coal lending

Singapore-based banks DBS and OCBC have been criticised by local NGOs for reportedly planning to finance a coal power plant in the region.

€8.9bn Irish sovereign wealth fund to divest from fossil fuels

The €8.9 billion ($10.4 billion) Ireland Strategic Investment Fund (ISIF) is to divest from fossil fuels within five years following the passing of a bill in the Irish parliament, in what has been hailed a seminal moment in the country’s transition to a low-carbon economy.

Ireland seeks €500m public-private investment in climate fund

The Irish government has issued a call for €500 million ($584 million) of private and public investment in its newly-launched Climate Action Fund.

Green bond round-up, 11 July 2018

Natixis introduces ‘green weighting factor’

French bank Natixis has developed a so-called ‘green weighting factor’ (GWF) to prioritise investments deemed to have a positive environmental impact.

Robeco wins UK pension engagement mandate

The £43 billion ($57 billion) Border to Coast Pensions Partnership has chosen Robeco to perform its voting and engagement services.

African green bank launch stunted by GCF’s ‘longstanding governance issues’

The bid to fund a world-first developing market green bank has been beset by ‘fundamental and longstanding issues around the governance’ of the Green Climate Fund (GCF).

Divest from oil and gas by 2023, £12bn Church of England instructed

The Church of England has agreed to divest from oil and gas firms by 2023 unless they can demonstrate sufficient efforts to mitigate the effects of climate change.

Japanese and London Stock Exchange link to promote sustainable investment

London Stock Exchange Group (LSEG) and Japan Exchange Group (JPX) have jointly agreed to develop financial market infrastructure initiatives to promote sustainable investment globally.