Michael Hurley

Articles by Michael Hurley

  • SEC risks becoming 'global police' on ESG, commissioner says

    17 May 2023

    Companies outside the US are increasingly likely to be prosecuted by the Securities and Exchange Commission (SEC) for misleading or incomplete sustainability-related disclosures - risking making the US regulator the "global police" on ESG, an SEC commissioner has argued.

  • L&G, Octopus invest £70m in ground source heat pumps

    16 May 2023

    Legal & General Capital and Octopus Energy's generation arm have invested a combined £70 million ($88 million) in UK-based ground source heat pump manufacturer and installer Kensa Group.

  • IIGCC unveils TCFD-style guidance to boost private equity climate action

    16 May 2023

    Guidance for private equity investors on how to measure progress towards achieving 'net zero' greenhouse gas emissions has been published.

  • MSCI bemoans 'fuzzy' corporate transition plans

    15 May 2023

    Only one-fifth of listed companies' decarbonisation targets are aligned with the 1.5°C goal of the Paris Agreement, MSCI said, as it criticised "fuzzy" disclosures lacking crucial information.

  • Expect further PABs upheaval following EU's SFDR answers, says Morningstar

    15 May 2023

    Recent clarification on how EU regulators should enforce the Sustainable Finance Disclosure Regulation (SFDR) is likely to see a further wave of fund reclassifications among users of Paris-aligned benchmarks (PABs), according to Morningstar.

  • Climate change does not pose serious risk to financial stability, says Fed governor

    12 May 2023

    Climate change does not pose a serious risk to large banks or the financial stability of the US, a governor at the US Federal Reserve has said.

  • APG invests €250m in electric vehicle charging company

    12 May 2023

    APG has invested €250 million ($273 million) in French electric vehicle charging company Driveco.

  • Energy transition race for metals 'could threaten financial stability'

    11 May 2023

    Rapid growth in demand for metals critical for the energy transition "could threaten both price and financial stability", in particular in economies such as those in the EU, researchers at the Banque de France have warned.

  • Church Commissioners begins search for impact fund manager

    11 May 2023

    The Church Commissioners for England has called for applications to join an 'oversight group' to help design and establish an impact fund,...

  • Varma weighing merits of EU PABs for high-yield climate benchmark

    10 May 2023

    Varma is preparing to move some of its passive allocations for high-yield corporate issuers to a climate-themed exchange-traded fund (ETF), possibly one that tracks an EU Paris-aligned benchmark (PAB).