Michael Hurley

CSDDD will push companies 'beyond pledges' to act on environmental, social risks

SEC climate rule built to survive legal challenges, says former counsel

The US Securities and Exchange Commission (SEC)'s final climate rule was built to withstand legal challenges that seek to block it, and stands a good chance of doing so, according to a former senior counsel at the agency.

Japan shows value of clear policy to spur transition finance, JCR says

Japan's sovereign transition bond, and its links to government 'roadmaps' to decarbonise high-emitting sectors, shows how clear policy frameworks can catalyse 'transition finance', according to Japan Credit Rating Agency (JCR).

Landmark moment as climate risks included in 'Magna Carta of banking supervision'

Prominent central bankers have welcomed the inclusion of climate change among a group of potentially material risks to financial stability in the global banking supervision principles for the first time, meaning regulators and banks must identify and address such risks.

EU looks to UK, US policies, with no clear way forward for SFDR

The European Commission is monitoring developments such as anti-greenwashing rules and sustainability labelling schemes in the US and UK as it mulls how it can improve the Sustainable Finance Disclosure Regulation (SFDR).

Impax warns investor sentiment towards green funds could sour

The founding CEO of Impax Asset Management has warned that another disappointing year of returns for 'green' listed equities funds could cause investor sentiment to sour.

Regulators' attempts to put labels on sustainable finance are flawed, argues Impax

Impax Asset Management's founding CEO has criticised European efforts to define sustainability labels, but praised the lighter touch approach taken by the regulator in the US.

ISO developing standard for financial institution transition plans

'Historic day' as EU CSDDD approved

Rules to require large companies active in the EU to report on the sustainability of their supply chains and make best efforts to implement a climate transition plan have been approved, in what was labelled an "historic day".

Taxonomy users told to get creative to maximise its transition planning potential

The EU taxonomy of sustainable activities can help formulate climate transition plans in ways it is currently not being widely used, according to members of a European Commission-mandated expert group.