Michael Hurley

UK delays 'green' taxonomy consultation until next year

The UK Treasury has again delayed publication of its draft 'green' taxonomy, which it now expects to publish for consultation next year, Environmental Finance can reveal.

Lawmakers update ESG ratings regulation to 'promote' double materiality

SEC delays hotly anticipated climate disclosure rule ... again

The US Securities and Exchange Commission (SEC) has again delayed the adoption of its climate disclosures rule, to push back a final decision until April next year.

EU member states back extension of net-zero investment act to cover nuclear, aviation fuel

Two-year delay to CSRD sector-specific reporting agreed by parliamentary committee

A two-year delay to reporting in line with sector-specific standards under the Corporate Sustainability Reporting Directive (CSRD) has been agreed by the EU parliament's economic and monetary affairs committee.

Fewer than one in five countries have 1.5°C aligned targets, investor-led analysis reveals

Only four countries among a group of 25 studied have emissions reduction targets that align with the Paris Agreement's goal to limit warming to 1.5°C, according to analysis by an investor-led project.

Opening the black box of sovereign debt and climate risks

Sovereign debt investors are ready to use the first-of-its-kind Ascor tool to assess countries' climate progress, Adam Matthews and Esther Law tell Michael Hurley

NZAOA sets transition planning principles, policy engagement guidance

A $9.5 trillion group of asset owners has set out guidelines on designing 'credible' transition plans and on aligning lobbying and advocacy with decarbonisation goals, areas it said were "crucial, but often challenging, elements for working on net-zero commitments".

'Greenhushing' punishable by regulators, IOSCO greenwashing paper says

Financial institutions under-reporting their sustainability credentials to evade investor scrutiny or regulatory requirements may be punished under existing regulations, according to a report by the board of the International Organisation of Securities Commissions (IOSCO).

Financial markets may be undervaluing 'climate resilience' companies, BlackRock suggests

Financial markets may be underappreciating the prospects for companies that enable climate resilience, BlackRock has said, as it warned the cost of disaster rebuilding in the US alone could equate to the $39 billion of energy investments under the Inflation Reduction Act.