Michael Hurley

UK abandons plans to bolster ESG reporting in corporate governance code

Japan confirms CCS, nuclear and aviation in sovereign transition bond framework

Japan has confirmed potentially controversial technologies including carbon capture and storage (CCS), "next-generation aircraft" and nuclear energy among the eligible use of proceeds from its landmark transition bond issuance.

Fossil fuels to be excluded under 'ambitious' French sustainable fund label overhaul

Companies generating energy using coal or developing new oil or gas projects are to be excluded from France's sustainability fund label in updates designed to make the Label ISR "more ambitious".

NGFS adds 'too little, too late' climate scenario, drops 1.5°C model

The Central Banks and Supervisors Network for Greening the Financial System (NGFS) has updated its climate scenarios, adding one in which warming hits 2.3°C due to countries with net zero targets not taking sufficient action and dropping a 1.5°C-aligned model.

Hong Kong Exchange delays implementation of ISSB-style rules

Hong Kong Exchange (HKEX) has delayed by one year, to January 2025, the implementation of climate-related disclosure rules based on International Sustainability Standards Board (ISSB) standards.

Scrap Article 8, 9 and create 'transition' & 'impact' labels, Dutch regulator tells EU

The EU should scrap the widely "misused" sustainability categories at the heart of its flagship sustainable investment regulation, the Dutch financial markets regulator has recommended.

Japan embraces impact investing in pursuit of a 'new form of capitalism'

Prime minister Fumio Kishida is on a mission to harness impact investment to spur economic growth in Japan. How might it transform the market, asks Michael Hurley

Sustainability policy overhaul promises 'transformational decade' for Japan

UK told to adopt ISSB in full to encourage 'equivalence' with US, EU disclosures

The UK has been urged to adopt the International Sustainability Standards Board (ISSB) standards in their entirety, in a move that would support efforts to ensure 'equivalence' with US and EU requirements, respondents to a consultation said.

Hong Kong to form ESG code of conduct working group

A group is to be established to promote a "globally consistent" code of conduct for ESG ratings and data providers in Hong Kong.