Michael Hurley

Canadian regulator unveils ISSB, TCFD reporting requirements

Canada's financial institutions are to be required to provide annual climate disclosures, conduct regular climate scenario analysis and study the impact of climate change on their capital reserves, under regulatory expectations published for consultation.

US SEC proposes rules for ESG disclosures, naming conventions

The US Securities and Exchange Commission (SEC) has proposed rules to govern the information fund managers and advisers must provide when they market their funds as having an environmental, social or governance (ESG) focus.

IR Framework to be adopted by IFRS Foundation

The Integrated Reporting framework is to become part of the IFRS Foundation, as part of broader efforts to promote convergence of sustainability reporting standards.

Investors target food sector climate lethargy in engagement guide

A "continued lack of progress" by US food companies to set climate targets has led to the publication of an investor guide to ramp up engagement with the high-emitting sector.

TNFD reveals pilot tests as it readies second edition

The Taskforce on Nature-related Financial Disclosures (TNFD) has revealed plans to pilot test its framework, as it prepares to publish a second iteration next month.

Family office launches biodiversity 'accelerator'

SEC charges BNY Mellon for 'misstatements and omissions' on ESG

The US Securities and Exchange Commission (SEC) has charged BNY Mellon Investment Adviser, Inc. for "misstatements and omissions about environmental, social and governance (ESG) considerations".

IFRS Foundation 'at odds' with academics on sustainability standards

The IFRS Foundation has been criticised for failing to consider the views of academics as it prepared to devise global baseline sustainability reporting standards.

EBA advised to steer clear of adding climate Pillar 1 requirements

EU regulators studying how to better capture climate risks in capital requirements risk penalising banks in jurisdictions with tougher climate regulation, according to an advisor.

Transition plan scrutiny could change capital requirements, NGFS says

Supervisory authorities could require financial institutions to scrutinise companies' climate transition plans, as part of work to determine whether capital requirements should be changed to capture climate risks, according to a research paper.