Michael Hurley

NBIM backs Switzerland recognising ISSB as 'equivalent' under CSRD-aligned rules

WisdomTree to pay $4m SEC fine for 'failing to adhere to' its own ESG criteria

WisdomTree has agreed to pay a $4 million fine after the Securities and Exchange Commission (SEC) found it had "misstated" that funds did not invest in companies involved in fossil fuels and tobacco.

NGFS warns of inflationary impact of climate policy missteps

Central bankers have been warned that increased action by policymakers to limit climate change risks feeding inflation, if it is not "credible" and clearly signposted, according to the Network for Greening the Financial System (NGFS).

Canada's reckoning with climate risks

The country's financial regulator, OSFI, is awaiting climate scenario analysis results, Stéphane Tardif tells Michael Hurley

Canada to require private companies to make climate disclosures

Canada has pledged to introduce disclosure requirements for large private companies who are regulated at federal level, in a move it says will help investors understand the climate-related risks to which these companies are exposed.

Canada announces 'green and transition' taxonomy

Canada has committed to publish a sustainable finance taxonomy to guide 'green' and 'transition' investments, which has been cited as an example for resource-intensive economies globally.

Canadian regulator 'mindful' of reporting burden as it prepares for CSSB standards

Ontario Securities Commission (OSC) is "mindful of the regulatory burden" for its legion of smaller companies as it considers revising its climate disclosure rules.

ICE launches transition risk assessment product for 'underserved' asset classes

ICE has launched a data product it says will provide transition risk assessments for "underserved segments" of fixed income including mortgage-backed securities and real estate, to support reporting of financed emissions and climate stress testing.

ESG ratings regulation could cover transition plan assessment products, says FCA

The UK's planned regulation of ESG ratings providers could cover forward-looking ratings such as those in the burgeoning market for climate transition plan assessments, the FCA has suggested.

Demise of SEC taskforce no sign that ESG is off regulator's agenda, law firm says