Michael Hurley

Risk of a rush to green assets necessitates policy clarity, says BoE official

The risks to financial stability posed by a disorderly transition will rely on companies and investors having a clear view of the future, a senior Bank of England official said.

ESG ratings 'struggling' to meet EU taxonomy social safeguards

New criteria for assessing non-compliance with minimum social safeguards in the EU's taxonomy regulation has been proposed, with ESG rating agencies having been identified as struggling to make the assessments.

Policy action likely to lead to losses on crypto-assets, ECB paper warns

The eventual pricing-in of the negative environmental externalities of cryptocurrency assets appears likely to lead to losses on crypto-asset exposures, a research paper published by the European Central Bank warns.

ECB tells banks to pressure clients on climate data

The European Central Bank (ECB) has told banks they need to pressurise their clients to disclose more emissions data, after its first climate stress test showed most lenders are not adequately managing climate risks.

Taxonomy vote raises the stakes for investor-policymaker standoff

The contentious inclusion of nuclear and gas as 'transition' energy sources in the EU's green taxonomy could influence policymakers in other jurisdictions - even as investors prepare to ignore the result, according to Eurosif.

'Dark day for climate' as taxonomy vote clears way for nuclear and gas inclusion

An objection to plans to include some nuclear and gas in the EU's taxonomy was voted down today, marking what one politician described as "a dark day for the climate and the energy transition".

BNP publishes first 'biodiversity footprint'

BNP Paribas Asset Management has published the first 'biodiversity footprint' of its investments and revealed plans to report the positive biodiversity impact of its investments later this year.

UK delays sustainability disclosure consultation

The UK regulator overseeing development of new sustainability disclosure requirements for asset managers and asset owners has again delayed publishing proposals for consultation.

Climate risk 'premium' grew since Paris Agreement, ECB study says

Sustainalytics acquires property climate risk data provider