Michael Hurley

Taxonomy 'useless' as investment tool until disclosure improves

The EU's taxonomy of sustainable activities and related reporting requirements are useless for directing investment until disclosure improves and more guardrails are introduced to govern use of estimated data, which could take years, according to a data provider.

ING banking on disclosure principles for steel and cement

New technologies and policy support will be key to decarbonising heavy industry, a webinar on the topic heard. Michael Hurley reports

UK taxonomy could need another year to finish, says UKSIF

The UK Treasury could need to delay the publication of its green taxonomy by between six months and 12 months, according to the UK Sustainable Investment Forum (UKSIF).

Assurance key to development of climate reporting, says FCA

Developing a framework for assurance of company disclosures will be important to the next stage of the UK's climate reporting regime, according to a senior regulator.

UK regulators point to rising expectations for company TCFD reports

The regulators overseeing climate-related disclosure rules for UK-listed companies say they are likely to step up enforcement, as they look to address issues they identified in the latest reporting cycle.

ECB climate scores another sign of rising liability risk, says law firm

The decision by the European Central Bank (ECB) to tilt its corporate bond purchases toward issuers with better climate 'scores' is part of a wider shift to tighter climate rules - which in turn points to rising liability risk, a law firm has said.

Shorting stocks can be climate engagement tool, Jefferies says

Investors that buy and sell stocks in the hope that they lose value "could serve as an indirect engagement tool in pushing companies to reduce their carbon footprint", according to Jefferies.

How NN IP uses technology to gauge social issues

The complexity of analysing 'social' issues makes the argument for techniques such as natural language processing compelling, Sebastiaan Reinders tells Michael Hurley

OECD publishes '10 key elements' of credible transition plans

US regulator establishes climate risk advisory committee

The US Financial Stability Oversight Council (FSOC) has created a climate-related financial risk advisory committee.