Michael Hurley

Risk of fragmentation of ESG ratings regulation remains despite IOSCO work, CDP warns

Differences in how countries have devised rules or voluntary codes of conduct for ESG ratings and data shows that there remains a risk of divergence between jurisdictions that raises costs for providers and users, CDP has warned.

Wheb to adopt UK impact label

Central banks face higher risk of monetary policy mistakes due to climate change, NGFS says

The increasing frequency and intensity of floods, earthquakes and heatwaves due to climate change is likely to make it harder for central banks to forecast inflation and productivity, thereby raising the risk of "mistakes", a group of central banks has suggested.

Chinese stock exchange rules 'raise the bar' on tackling greenwashing

Texas sued for anti-ESG bill which 'discriminates against financial companies'

Vanguard did not support any environmental proposals last year

Vanguard did not support any of 400 environmental or social shareholder proposals it encountered in the most recent proxy season, arguing that the proposals were either not addressing financially material aspects or "were overly prescriptive".

Transition plan rules 'should require disclosure of' expected climate impact

Regulatory frameworks for disclosure of climate transition plans should require companies to explain what impact they expect their plans to have on greenhouse gas emissions, ClarityAI has suggested.

Transition plans can help dispel malaise in sustainable finance markets, ESMA says

More widespread publication of credible climate transition plans could drive "broader willingness to invest in transitioning firms", in the face of a drop-off in allocations to European sustainability-themed funds, according to the EU's securities markets regulator.

FTSE 100 companies targeted by investor demand for 'say on climate' plans

Australia's prudential regulator to 'raise expectations' on climate risk management