Michael Hurley

G20 finance ministers and central bankers endorse transition plan work

The G20 Finance Ministers and Central Bank Governors have endorsed recommendations on improving the credibility of private sector transition plans including with high-level principles on what makes a good plan, in a communiqué following meetings this week.

Morningstar forecasts more upheaval in sustainable funds space as closures continue

Governance failings dominate ESG-driven ratings actions, S&P reveals

Governance failings were the most cited reason for a raft of more than 100 ESG-driven ratings 'actions' this year, S&P Global Ratings has revealed, as it said 47 issuers have been downgraded largely for ESG reasons.

ESMA calls for 'connected' sustainability and financial statements

Danish regulator uncovers shortcomings in bank and insurer taxonomy reporting

Denmark's financial regulator has found widespread "shortcomings" by the country's banks and insurers in a study of the first year of mandatory reporting of taxonomy alignment under EU regulation.

Deregulation under Trump could 'set US course on climate for decades to come'

A victory for Donald Trump in next month's US presidential election would likely see widespread deregulation of the financial sector including of climate risk, feeding uncertainty that could "set the course for decades to come", data analytics provider Climate X has predicted.

Webinar: Uptake of spatial data being driven by nature, climate reporting requirements, says Verisk

TNFD reporting has boosted investor demand for geospatial data, an Environmental Finance webinar heard

EU 'discussing criteria' for sustainable, transition categories to replace SFDR Articles 8 and 9

Discussions within the European Commission are "advanced" on eligibility criteria for 'sustainable' and 'transition' categories that would replace Articles 8 and 9 of the Sustainable Finance Disclosure Regulation (SFDR), according to a source claiming knowledge of the talks.

Asset managers told to sober up from 'drunken search' for value of engagement

Asset managers have been urged to focus on improving how they articulate the intentions and outcomes of engagement or face feeding "concerns that sustainability investing does little to change firm behaviour".

Lack of update on UK taxonomy raises concerns it has been shelved

The repeated failure by successive governments to reveal details of its proposed UK 'green' taxonomy has contributed to fears that the incumbent Labour Party has de-prioritised it and is instead focusing on devising transition plan disclosure requirements.