Michael Hurley

Articles by Michael Hurley

  • CSRD materiality opt-out risks undermining EU's sustainable finance package, warns CDP

    06 July 2023

    Proposals for corporate disclosure rules that could allow companies to opt-out of providing sustainability-related information risk undermining the objectives of the EU's broader sustainable finance package, according to an executive at CDP.

  • Draft ESG data 'code of conduct' aims for international uptake

    05 July 2023

    The creators of a draft voluntary code of conduct for ESG ratings and data providers have hailed it as a "world-first" for its attempt to set internationally consistent standards for the rapidly growing market.

  • Banks urge EU to relax planned supply chain due diligence rules

    05 July 2023

    A prominent group of European financial institutions has called for proposed rules on due diligence in supply chains to be watered down, in part to allay fears they could lead to lawsuits against banks and investors.

  • Church of England Pensions Board leaves NZAOA

    04 July 2023

    The Church of England Pensions Board has left the UN-convened Net-Zero Asset Owner Alliance (NZAOA), citing the need to maintain "a clear focus on one net zero initiative".

  • Actuaries crunch the numbers on climate scenarios - and warn many are 'implausible'

    04 July 2023

    A membership body for actuaries has warned financial institutions against relying unquestioningly on climate-related scenarios, with results from some models "far too benign and, in some cases, implausible".

  • Banks 'concerned' at EU corporate reporting standard draft

    04 July 2023

    Several European banks are concerned at the recent publication by the European Commission of draft standards for corporate reporting, which they fear will make meeting their own disclosure obligations tougher.

  • EU banks devising guide to overcome struggles with ESG regulation

    03 July 2023

    Eurozone banks wrestling with their reporting requirements under EU regulation are together writing guidance on disclosing their climate-related physical risks.

  • NBIM warns London listing change would curb investor influence

    30 June 2023

    The manager of the world's largest sovereign wealth fund has added its voice to warnings that the UK's plans to reform its listing rules could "decrease" the influence of investor engagement with companies.

  • Pension funds and insurers propel impact AuM growth

    30 June 2023

    Pension funds were the biggest driver of growth in impact funds over the last five years, according to the Global Impact Investing Network (GIIN).

  • Data providers neglecting impact, says KBIGI

    29 June 2023

    Providers of sustainability data are failing to address the potential market for information on environmental and social impacts, according to KBI Global Investors (KBIGI).