Michael Hurley

California climate disclosures bill advances to governor's desk

A proposal that would require detailed climate-related disclosures by large companies active in California has been approved by the state's Senate and now only requires the state's governor to sign it into law.

Central banks 'could demand transition plans to help set capital requirements'

A "high likelihood [of] sudden build-ups of prudential risks" caused by climate change should see central banks and supervisors adjust prudential requirements for banks based on their transition plans, academics have recommended.

Banque de France projects 40% hit to shares in burst of 'green bubble'

A theoretical 'green bubble' in stock markets could see the value of shares in companies developing 'clean technologies' such as electric vehicles and renewables tank by as much as about 40% and lead to widespread bankruptcies, the Banque de France has projected.

'Significant shortfall' in CSRD-type disclosures points to trouble ahead, analysis says

'World is watching' California climate disclosure bills, CDP says

Estimated data key to plug expected gaps in UK taxonomy reports, government told

Major investor groups identify what 'good' climate policy looks like

APG lauds 'first of its kind' climate-themed real estate index for pension funds

APG has hailed a "first of its kind" climate-themed real estate index it created for its pension fund clients, which aims for a progressive reduction in greenhouse gas emissions.

USS unveils own climate scenarios to address inadequacies in widely used models

UK pension fund USS has published four climate scenarios that it says "better reflect the real-world risks and opportunities that frame our investment decision-making over the short- and medium-term", as it criticised widely-used models as "inadequate".

NZAOA members 'split' on sovereign debt climate target-setting

The thorny issue of how to set decarbonisation targets for sovereign debt has split the signatories of the Net Zero Asset Owner Alliance (NZAOA), leading to a "compromise" of a proposed scoring system.