Michael Hurley

Aviva fined by Luxembourg regulator over ESG failures

Aviva Investors Luxembourg has been fined €56,500 ($59,500) for failure to comply with disclosure laws in the country including not meeting its own sustainability-related exclusions policy, according to the Commission de Surveillance du Secteur Financier (CSSF).

EU banks' corporate loans have implied temperature rise of about 4°C, says EBA study

'Loose' EFRAG transition plan guidance permits greenwashing, NGOs argue

EU publishes answers to frequently asked questions on taxonomy

Spanish companies told to prepare CSRD reports despite country not transposing rules

EU financial services commissioner confirmed, urged to stick to SFDR pledge

ISSB to develop nature standard, board member says

A member of the International Sustainability Standards Board (ISSB) has said he expects a standard on nature to be developed in "due course".

Cut back data points to keep CSRD manageable

'Ruthless' materiality assessments are needed to help reduce the 'overwhelming' reporting burden, writes Michael Hurley

Texas sues BlackRock, State Street and Vanguard over ESG strategy on coal

Texas' Attorney General has sued BlackRock, State Street Corporation, and Vanguard Group, alleging they were "conspiring to artificially constrict the market for coal through anticompetitive trade practices" relating to their ESG strategies.

Prospective omnibus regulation 'targeting wrong EU sustainability regulations'

The European Commission is targeting the wrong regulations as it aims to "reduce the reporting burden" for companies, according to an adviser in the European Parliament.