Michael Hurley

Aegon defends ESRS materiality assessments

Aegon has defended the proposed introduction of a requirement for companies to assess for themselves which sustainability-related information they must disclose under EU rules.

EU draft disclosure rules risk undermining SFDR, investor group warns

An investor group has criticised the perceived weakening of draft European Sustainability Reporting Standards (ESRS) published by the European Commission, which the group warned would undermine investors' ability to meet their own reporting obligations.

NGFS says it will heed call for more detailed climate scenarios

Respondents to a consultation on climate-related scenarios say they want more detail on sector-level impacts as well as extra guidance on using the scenarios - a call the group developing the scenarios said will be answered later this year.

Anti-ESG funds fail to gain traction, Morningstar says

BCG: Start reporting Scope 3, ahead of SEC rules, to gain competitive advantage

Proposed disclosure rules for US companies are likely to pose significant challenges - but those that prepare early could reap a competitive advantage, according to Boston Consulting Group (BCG).

Nature loss poses 'existential' risks for financial system, says ECB's Elderson

The loss of nature due to intensive land use, climate change and pollution poses "existential" risks to the global economy and financial system, a prominent central banker has warned.

CA100+ second phase targets greater transparency following criticism

The landmark Climate Action 100+ (CA100+) initiative to pressure high-emitting companies to take climate action has announced a spate of reforms targeted at increasing transparency and driving more tangible outcomes.

Basel Committee to consult on bank climate disclosure requirements

The Basel Committee on Banking Supervision (BCBS) is to consult this year on climate-related disclosure requirements that it plans to add to international standards for capital requirements.

IIGCC to step up pressure on banks to demonstrate action on net zero

A group representing investors with €65 trillion ($70 trillion) in assets under management has published a set of expectations for banks, as they push for more details on how banks will act on pledges to achieve net zero emissions.

Paris-aligned benchmarks boom but are they helping the transition? Part one

Asset owners are placing money in Paris-aligned benchmarks at a quickening rate but questioned whether they facilitate the transition. Michael Hurley reports