Michael Hurley

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.

US Treasury 'watching with interest' investor transition planning

Investors' work to assess and influence companies' decarbonisation plans is increasingly being watched by regulators as they study how to improve such approaches, a senior official at the US Treasury has said.

Mara raises $40m for 'micro-algae' food products

EU carbon border tax poised for sector extension

Proposals for a carbon levy on imports of specific products to the EU appear set to be extended to cover all sectors in the EU Emissions Trading System (ETS) five years earlier than initially planned, following a vote in the European Parliament.

Investor Agenda publications aim to 'generate more momentum'

Mandate private market disclosures, says LSEG

Policymakers globally should introduce mandatory sustainability disclosure regimes that cover private markets as much as public markets, London Stock Exchange Group (LSEG) has urged.

UK transition plan taskforce consults on framework

EU studying SFDR transition plan disclosure requirement

The European Commission has asked its supervisory authorities to propose amendments to sustainable finance disclosure rules that could require information on transition plans and scenario analysis.