Michael Hurley

UK pension funds could be required to state ESG policy

UK pension trustees could be required to state their investment policies on environmental, social and governance (ESG) factors, as well as their approach to voting and engagement, with the introduction of new regulation next year.

BP re-enters solar arena with $200m Lightsource investment

Oil major BP will invest $200 million for a 43% stake in UK-based solar company Lightsource, returning to a sector it exited in 2011.

Three institutional investors join $800bn Portfolio Decarbonisation Coalition

Three institutional investors managing about $376 billion in combined assets have joined the UN's Portfolio Decarbonisation Coalition (PDC).

Renewables funds can help meet huge emerging market infrastructure needs, says LSEG

Renewable energy funds could be key to bridging the "colossal" green infrastructure financing needs of emerging market countries, according to David Harris.

Green bonds round-up, 14 December 2017

Nigeria to issue $30m sovereign green bond, Belgium waits in wings

Nigeria plans to issue a 10.69 billion naira ($30 million) green bond next week, and become the first African sovereign issuer.

Shareholder action forces oil giant Exxon to increase climate disclosures

ExxonMobil is to start publishing reports on how policies to reduce global warming affect its profits, a move which marks a major victory for shareholder action on climate change, according to New York State Comptroller Thomas DiNapoli.

BNP to launch voluntary carbon market tool

A service to encourage investment in voluntary carbon offsetting projects is to be launched in mid-2018 by French bank BNP Paribas.

UK pension funds advised to adopt TCFD reporting and engage on climate

The UK's Pensions and Lifetime Savings Association (PLSA) has warned of the "severe" short-term risks to pension fund investments posed by climate change, as it releases a framework to help them mitigate climate risk and exploit opportunity.

Hg Capital completes spinout of renewables business to Asper

UK-based private equity firm Hg Capital has completed the spinout of its renewables infrastructure investment business, which includes funds with more than €800 million ($945 million) in commitments.