Michael Hurley

Articles by Michael Hurley

  • Japan life insurer in landmark move to end new coal financing

    09 May 2018

    Japan’s Dai-ichi Life Insurance has said it will end new project financing for overseas coal power plants, in a landmark decision among Japanese financial institutions.

  • World’s largest pension fund prepares first ESG report

    08 May 2018

    The world’s largest pension fund plans to publish its first ever report on the impact of environmental, social and governance (ESG) factors on its investments, Environmental Finance has learned.

  • Finnish pension fund slashes equities carbon footprint by 25%

    07 May 2018

    The €23.1 billion ($27.6 billion) Finnish pension fund Elo reduced the carbon footprint of its listed equities by 25% year-on-year in 2017.

  • People moves, 4 May 2018: RobecoSAM, Mercer

    04 May 2018

    RobecoSAM changes CEO as part of restructure

  • ISS-Oekom to extend coverage of forward-looking impact assessment tool

    04 May 2018

    ISS-Oekom will extend the scope of a ‘forward-looking’ tool it uses to evaluate the impact of companies’ contributions to environmental, social and governance (ESG) objectives.

  • Rio Tinto shareholders in largest ever vote for climate resolution

    03 May 2018

    Investors with a combined $4 billion of shares in Rio Tinto have recorded the largest vote for a climate change-related resolution, without board support, in Australian corporate history.

  • Green bonds round-up, 2 May

    02 May 2018

    DTE Electric, an electricity utility based in Detroit, Michigan, has entered the green bond market with a $525 million, 30-year issue. It pays a coupon of 4.05% and was priced at 97 basis points over US Treasuries, giving a yield to maturity of 4.076%. The issue has been rated Aa3, A and A+ by Moody's, S&P Global and Fitch, respectively.

  • Sustainalytics helps Morningstar assess carbon risk in 30,000 funds

    01 May 2018

    Investment research firm Morningstar has launched its Portfolio Carbon Risk Score, based on Sustainalytics’ Carbon Risk Ratings, to provide an asset-weighted carbon-risk score of the holdings in a portfolio.

  • Swedish pension investment helps $250m impact fund smash target

    30 April 2018

    An impact fund investing in emerging market loans has smashed through its target and raised $250 million at first close, helped by an initial $100 million investment from pension provider Alecta.

  • FRR invites proposals to manage €1.7bn ESG mandates

    30 April 2018

    France’s Fonds de Réserve pour les Retraites (FRR) has called for submissions to manage two environmental, social and governance (ESG)-themed portfolios worth a combined €1.7 billion ($2 billion).