Michael Hurley

Articles by Michael Hurley

  • A quarter of corporates have no taxonomy alignment, ESMA analysis shows

    25 October 2023

    Almost a quarter (24%) of corporates reported last year that none of their turnover aligns with the climate mitigation and adaptation criteria of the EU taxonomy, according to analysis by EU regulators.

  • Australia invites comments on ISSB-based disclosure rules

    25 October 2023
  • US climate finance principles published by regulators - but two Fed governors refuse to sign

    25 October 2023

    The main banking and financial services regulators in the US have agreed principles on how to manage climate risk - but they resisted calls to promote the transition to a lower carbon economy, as the controversial document caused a rift within the Federal Reserve.

  • UK taskforce requests feedback on social factors in pensions investments

    23 October 2023
  • Transition 'should be better captured in financed emissions metrics'

    20 October 2023

    Current approaches to calculate so-called 'financed emissions' risk missing the potential future emissions reductions and penalising financial institutions that provide such capital, argues Satoshi Ikeda, chief sustainable finance officer at the Financial Services Agency (FSA).

  • Japanese regulator readies guidance to spur impact investment in start-ups

    19 October 2023

    From Michael Hurley in Tokyo

  • What next for climate scenarios? Part two

    16 October 2023

    How will the next generation of climate scenarios differ from the first, Michael Hurley asks

  • What next for climate scenarios?

    12 October 2023

    As criticisms grow of the first climate scenario models, what does the next generation need to look like, Michael Hurley asks

  • 'We are aware of the criticism': The NGFS on its next phase of scenarios

    09 October 2023

    The Network for Greening the Financial System is developing short-term climate scenarios and increased detail on sectoral impacts in response to feedback, Jean Boissinot and Martina Spaggiari tell Michael Hurley

  • NGFS unveils 'short-term' climate scenarios for prudential stress testing

    04 October 2023

    A group of central bankers has published a framework for modelling physical and transition climate-related risks over three-to-five years, to be used for prudential stress testing and to "enable financial actors to properly assess the resilience of the financial sector".