Michael Hurley

Sustainable investors brace for Trump victory

Republican candidate Donald Trump has won his second term as president after defeating Democrat rival Kamala Harris, posing fresh questions about US commitment to tackling climate change.

NGFS says updated scenarios signal two-to-four-times higher physical impacts

The Network for Greening the Financial System (NGFS) group of central banks and supervisors has called for more ambitious policies to tackle the 'first order' risk of climate change, as its updated scenarios showed two-to-four-times bigger physical impacts than its previous iterations.

Transition plan guidance published for EU disclosure rules

Draft guidance has been published to help organisations preparing to report in line with EU disclosure regulations create climate mitigation transition plans.

Members network to push for 'global norms' on transition plans after TPT disbands

A membership network is set for launch that will "support the development of global norms for transition plans", the Transition Plan Taskforce (TPT) revealed in a report marking the end of the taskforce.

SEBI suggests changing ESG ratings regulation to remove appeal process

French central bank devising 'indicator' of climate transition plans and progress

A 'climate indicator' France's central bank is developing "should become the most accurate tool" for assessing companies' decarbonisation plans and their progress on implementing climate transition measures, according to Banque de France's first deputy governor, Denis Beau.

FCA publishes examples of good practice for sustainability labels

Gaps remain despite progress on PAI reporting, as regulators told to step up scrutiny

Gaps remain in financial institutions' reporting of the 'principal adverse impacts' (PAIs) of investments, and despite gradual improvements in some areas EU regulators were told to "increasingly challenge" investors on their reporting.

World-first disclosure standards for public sector climate reporting unveiled

World-first disclosure standards for public sector climate-related disclosures have been unveiled, which it is hoped could vastly improve data available to institutional investors in government debt.

Investors told to help countries build next round of national climate targets

Institutional investors have been urged to actively help countries draw up the next round of their national climate plans, to ensure these plans direct investment where it is most needed and ensure more effective use of blended finance.