Michael Hurley

COP27: Net-Zero Banking Alliance calls for banks to plug gaps in targets

The UN-convened Net-Zero Banking Alliance (NZBA) has called for accelerated action by its bank members after its first progress report revealed gaps in target-setting in key areas.

Look past ESG scores to hedge climate risks, Fed study says

A sample investment portfolio of stocks with low carbon intensity proved a better hedge against an unexpected climate shock than one constituted of firms with a relatively good environmental score, according to a study by the US Federal Reserve.

TCFD for social issues being developed by business group

An equivalent disclosure framework for social issues based on the Task Force on Climate-related Financial Disclosures (TCFD) is being developed to help companies and investors, Environmental Finance can reveal.

UK 'remains committed to' green taxonomy

The UK government remains committed to establishing a green taxonomy, according to a political advisor.

SEC adopts rule to boost transparency of proxy votes

The US Securities and Exchange Commission (SEC) has adopted a rule that it says will improve the availability and comparability of information on investors' proxy votes.

ISSB to require climate-related scenario analysis

Capital requirement hike looms if banks miss climate deadlines, ECB warns

Banks in the EU have been given deadlines by the European Central Bank (ECB) to meet minimum requirements on climate risk management, or potentially face higher capital requirements.

Brunel is cornerstone in £90m impact real estate fund

Brunel pension scheme has acted as a cornerstone investor in a fund that aims to invest in impactful real estate investment opportunities.

UK transition plan regime raises prospect of restatements, says EY

Institutional investors will have to determine how they would react in the event of corporate restatements of erroneous net zero transition plans, accounting and consulting firm EY has suggested.

Listed companies on 2.9°C warming trajectory, says MSCI