Michael Hurley

Engine No. 1 likens ESG ratings to 'emojis'

The investment firm that rose to prominence by dealing ExxonMobil a bloody nose over its climate governance has taken aim at "flawed" ESG ratings, devising its own framework it considers superior.

UK regulator urged to bring forward asset manager TCFD disclosure obligations

Large asset managers and life insurers in the UK should be required to make climate-related disclosures next year, the country's Financial Conduct Authority (FCA) has been urged.

Transparency will be key to Nature Action 100, says Robeco

Transparency of the outcomes of engagement with companies on their biodiversity impact will be key to ensuring the burgeoning Nature Action 100 improves on its climate counterpart, Peter van der Werf tells Michael Hurley

Bain Capital Double Impact invests in clothing company

Outdoor clothing company Cotopaxi has drawn investment from Bain Capital Double Impact.

Draft CSRD climate reporting standard requires forward-looking data

APG, LGIM in big SDG-themed listed equities index investments

APG Asset Management has made an "initial investment" of about €1 billion ($1.2 billion)...

European asset managers association backs 'brown taxonomy'

The €27 trillion ($32 trillion) European Fund and Asset Management Association (EFAMA) has thrown its support behind the EU's proposals for a taxonomy of significantly harmful environmental activities.

Insurers to get global standard for measuring 'insured emissions'

Insurers are to get "the first global standard to measure and disclose insured greenhouse gas (GHG) emissions" as a result of an industry collaboration.

'Even leading banking practices fail basic climate, biodiversity tests' - ShareAction

Most of Europe's largest banks have targets to reduce their greenhouse gas emissions to net zero - but very few banks have taken concrete steps to achieve this and even leading practices in the sector fail "basic" quality tests, according to research by non-profit ShareAction.

Australia climate stress tests its five largest banks

The Australian Prudential Regulation Authority (APRA) has published details of an assessment of the country's five largest banks of their vulnerability to physical and transition climate risks.