Michael Hurley

Hopes landmark EU nature restoration law will pass, as elections loom

An EU policymaker is "optimistic" that a landmark law to restore nature in the bloc will soon be adopted, the latest in a series of green policies which are expected to be completed ahead of elections later this year.

EU preparing biodiversity risk assessment framework

The European Commission is preparing to publish a framework designed to help financial institutions assess nature-related risks in coming weeks, an Environmental Finance conference heard.

Concept of avoided emissions gains ground in Asia-Pacific

Corporates and financial institutions in the Asia-Pacific region are increasingly calculating the 'avoided emissions' associated with their products and services, a webinar hosted by Environmental Finance heard.

TNFD devising transition plan guidance as it casts eyes to COP16

The Task Force on Nature-related Financial Disclosures (TNFD) has begun to devise guidance on incorporating nature information in climate transition plans, to ensure it is coherent with similar work by the Glasgow Financial Alliance for Net Zero and the UK Transition Plan Taskforce.

SEC stumbles into battleground of climate materiality

Letting companies decide whether emissions are material to their business opens the door for disputes, writes Michael Hurley

UK pensions taskforce tells regulators to consider requiring disclosures on social aspects

Key vote on CSDDD delayed again

A key vote for EU countries to approve the Corporate Sustainability Due Diligence Directive (CSDDD) has been delayed again, with Italy and Austria said to be among those to have raised concerns at the latest text.

EU countries voice support for CSDDD compromise ahead of key vote

Republican states sue SEC to block climate rule

SEC adopts watered down climate rule in landmark moment

The US Securities and Exchange Commission (SEC) has approved a landmark rule on climate-related disclosures, although it watered down elements of it, including no longer requiring disclosures on Scope 3 greenhouse gas (GHG) emissions.