Michael Hurley

EU readies greenwashing reports as UK rules bite

Financial institutions in the UK rushing to meet a tight deadline to comply with new anti-greenwashing rules are also bracing for news of potential next steps to regulate activity in the EU, with reports from regulators due in coming days.

UK FCA calls for voluntary adoption of ISSB, as it confirms delay to consultation

LGIM leads push for Nippon Steel to disclose its climate lobbying

Banks using PRB framework to aid CSRD reporting in absence of finance sector guidance

Some banks are using a framework designed for the Principles for Responsible Banking (PRB) initiative to help meet reporting requirements under the EU Corporate Sustainability Reporting Directive (CSRD), a UN Environment Programme Finance Initiative (UNEP FI) webinar heard.

Swedish regulator readies climate stress test as it warns against 'coasting' on climate

Sweden's financial markets regulator has warned financial institutions against "coasting" on the topic of sustainability, as it revealed it will run a climate-related scenario analysis exercise, as part of their annual stress tests.

CSRD will see 'explosion' of quality ESG data, says AllianzGI

The first round of reports in line with the EU's Corporate Sustainability Reporting Directive (CSRD) will see an "explosion" of quality sustainability-related data that will help asset managers prove to clients the value of sustainable investing, according to AllianzGI.

Investors 'need direction from policymakers' on transition

Policymakers have been urged to provide clear transition pathways and identify a "most likely scenario" to help investors develop their own transition plans.

More than 40% of ESG funds would breach ESMA naming rules, ClarityAI says

More than 40% of funds using environmental and impact terms are invested in assets that breach exclusionary criteria in new EU fund name rules, potentially requiring managers to change their fund's name or divest assets, ClarityAI has said.

Emissions disclosure gaps key sign of untrustworthy transition plan, says PGIM

"A lot of" companies still fail to disclose their Scope 1 and 2 greenhouse gas (GHG) emissions despite having set targets to reach 'net zero' - a red flag that their transition plans may be unreliable, according to a major asset manager.

Transition plan credibility test should be core to green bond investments, says PGIM

Investors should only buy green bonds from issuers with credible transition plans, according to a major asset manager.