Michael Hurley

EFRAG publishes draft for voluntary SME disclosures

UK sustainable investment funds not living up to their name, FCA says

UK-based fund managers have been placed on notice by their regulator after it said many had failed to back up claims of sustainable investment, weeks before the publication of rules designed to tackle greenwashing.

$9.5trn group of asset owners calls for 'smarter not more' engagement on climate

A $9.5 trillion group of asset owners has urged their asset managers to set clearer objectives for climate engagement with their investees, as one member called for a 'smarter not harder' approach.

Future of ESG Data Asia: EU, ISSB working on guidance to aid 'interoperability'

Guidance to help organisations report under both the IFRS International Sustainability Standards and separate EU standards is a priority of the International Sustainability Standards Board (ISSB), its vice-chair told an Environmental Finance event.

ECB set to fine banks 'turning a blind eye' to climate risk, Elderson says

Banks still failing to meet climate risk management expectations set by the European Central Bank (ECB) three years ago are on the verge of incurring daily fines until they redress shortcomings in their climate risk management.

ASCOR to assess countries based on contribution to $100bn climate finance goal

A first-of-its-kind free tool to help bond investors assess countries' climate progress has been launched that will see investors rate sovereigns on factors including their contribution to the problem and the finance they commit to address it, following changes to its draft methodology.

Impact fund selection: weeding out 'window dressing'

Impact-focused limited partners are using frameworks including the EU's SFDR to root out misleading claims of impact. Michael Hurley reports

Japanese transition bonds could help refine concept of transition finance, says Axa IM

Japan's planned mammoth transition bond issuance programme could help fixed income markets "refine" what should be considered a credible 'transition' investment, according to an investment analyst at Axa Investment Managers.

Ditching governance reforms 'will diminish attractiveness of UK companies', warns pension fund

The UK regulator's move to ditch reforms to require more sustainability reporting by company board and audit committees will make UK companies less attractive to investors, a senior executive at one of the country's largest pension funds has said.

ESAP data portal cleared by EU Parliament