Michael Hurley

Articles by Michael Hurley

  • Shareholder group steps up rare metals engagement

    03 December 2021

    A group of shareholders with a total of €30 billion ($34 billion) in assets said it will this month begin stepping up its engagement with companies involved with potential controversies in the supply chains of rare earths and rare metals.

  • Swiss initiative targets $1bn in impact investments

    03 December 2021

    The Swiss government, UBS, Credit Suisse and the Swiss Agency for Development and Cooperation have launched an initiative to 'mobilise' up to CHF1 billion ($1.1 billion) in impact investments in developing countries.

  • EU delays introduction of SFDR standards again

    01 December 2021

    The European Commission has again delayed the application of the second phase of the Sustainable Finance Disclosure Regulation (SFDR) rules by six months, to January 2023.

  • Audits 'undervalue climate risk, should be regulated'

    30 November 2021

    Regulators should require companies and auditors to explain how climate risk is captured in financial statements, Greenpeace has urged, after the NGO said investors have failed to push audit firms to properly value such risks.

  • EU banks slow to develop climate stress test capacity - ECB

    22 November 2021

    No European bank is meeting its regulator's expectations on climate and environmental risk management, with "worrying" lack of progress in areas including stress testing, the European Central Bank (ECB) said, just months before it runs the biggest climate stress test to date.

  • No proof yet of EU carbon market abuse, ESMA says

    19 November 2021

    There is not yet strong evidence to suggest the EU carbon market is being abused by speculators, a report by the European Securities and Markets Authority (ESMA) says.

  • ICE to host tropical forest protection carbon credit auctions

    18 November 2021

    Intercontinental Exchange (ICE) is to host auctions of carbon credits for Permian Global, which develops 'large-scale' tropical forest protection and restoration projects.

  • Rotation into value stocks dents M&G impact fund outperformance

    18 November 2021

    The wider stock market shift that has in recent months benefited stocks perceived as 'cheaper' alternatives to those that rely on the promise of future growth has dented the financial performance of listed equities impact funds, including that run by M&G.

  • ESG boom is not creating climate impact - Generation IM

    16 November 2021

    The boom in ESG investing is failing to address climate change, Generation Investment Management has warned.

  • COP26 outcome suggests private finance left to pick up climate slack

    15 November 2021

    The final text of the climate agreement by countries at the UN climate summit in Glasgow represents only incremental progress on previous conferences and leaves considerable slack for private finance to pick up on the path to net zero, according to commentators.