Michael Hurley

French regulator pushes for exclusion of fossil fuels from SFDR

France's securities markets regulator has proposed the EU's controversial fund disclosure regime should introduce a set of minimum criteria for funds to be considered sustainable.

ESMA fund names risk repeating SFDR chaos, warns investment group

Guidelines on the sustainability terminology that can be used in EU fund names risk re-running the confusion that surrounded the bloc's disclosure regime for funds, an investment group warned.

US regulator says greenwashing is fraud

The Commodity Futures Trading Commission (CFTC) is ready to increase its resources to tackle false claims on environmental aspects in the US futures and derivates markets, which a commissioner said are of growing concern in carbon markets and can equate to fraud.

Corporate sustainability 'due diligence' proposal passes key vote

An EU Parliamentary committee has approved the text of a proposed directive to ensure large financial and non-financial corporates prevent human rights violations and adverse environmental impacts in their value chains.

FCA considers regulation on closing 'say-do gap' for financial institutions

The UK FCA has said it will consider potential regulation to encourage financial institutions to contribute to positive sustainability outcomes.

Spate of climate litigation takes aim at oil, gas, cement and nuclear

A spate of climate-related litigation has been launched that proponents say will increase companies' accountability for their contribution to climate change and prevent 'greenwashing'.

Europe should replicate US Inflation Reduction Act subsidies, says Franklin Templeton

The EU and UK should replicate the vast programme of subsidies and tax cuts presented by the US Inflation Reduction Act, a fund manager at Franklin Templeton has said.

EU appoints 28-member sustainable finance expert group

The UK's impact label: an intention to be better than SFDR

The UK is proposing a label for 'impact' funds, in a significant divergence from the EU, but some warn it could add further complication, writes Michael Hurley

ISSB reporting slated to begin in 2025