Michael Hurley

Why central banks are paying attention to deforestation

Personality of the year: Sofia Bartholdy

Her work led to the pension fund restricting investment in several oil and gas majors, writes Michael Hurley

Dutch regulator publishes double materiality guide

The 'horse has bolted': Challenge to CSDDD & CSRD likely to fail, say observers

A proposal by EU parliamentarians to delay and weaken reporting requirements under landmark EU sustainability regulations has been dismissed as "political gesturing" and is likely to fail, according to observers.

Commission report backs climate risk buffers at banks

Macroprudential instruments such as a system-wide climate capital buffer may be needed to help cope with the full spillover effects of climate change on banks, a report by the European Commission has argued.

BlackRock offers European funds greater climate voting ambition

BlackRock has published guidelines for many of its European funds that base voting decisions on an assessment of company alignment with a 1.5°C scenario - contrasting with its global 'benchmark' policies that demand less climate information.

UK investors hit pause on sustainability labels

The "painful" process of applying for a sustainability fund label in the UK has led some asset managers to pause applications, Michael Hurley reports

Swathes of world's largest companies 'way off' meeting CSDDD

About 80% of the world's largest companies fail to meet any key elements of human rights due diligence, illustrating the urgent need for guidance as most of these companies brace for incoming EU regulation, according to a ranking of companies.

CPP says lack of interim net zero target helps it make transition investments

CPP Investments has committed to reduce its emissions to net zero by 2050, but has declined to set an interim target, arguing this allows it to invest in high-emitting companies to help them transition.

Aviva calls for NDCs to become national transition plans

Countries preparing their next set of climate targets should use it as an opportunity to prepare comprehensive, national climate transition plans that can plug into those being used by financial institutions, Aviva has urged.