Michael Hurley

ISSB to push for progressive improvements in climate scenario analysis

Businesses reporting in line with proposed international sustainability standards will be asked to progressively improve their climate-related scenario analysis, after a vote yesterday.

Carbon credit labelling can tackle integrity concerns, says standards body

A labelling scheme to help investors identify 'high quality' carbon credits in the voluntary markets will propel the growth of credit sales in tandem with ensuring the integrity of the market, a senior figure at the body developing the label has said.

'Integrity council' readies first approvals of carbon credits programmes

A body aiming to bring 'integrity' to the voluntary carbon markets is preparing to approve its first carbon credits programmes, with a label to denote carbon credit quality set to be ready by September, it has said.

First US central bank-led climate analysis to assess risks to real estate

The six largest US banks are to study the exposure of their real estate portfolios to physical risks posed by climate change, in the country's first climate scenario analysis exercise led by the Federal Reserve Board.

Canadian financial institutions take flak for taxonomy

Dubai regulator sets sights on 'ESG taxonomy' ahead of COP28

IAASB says sustainability assurance standards urgently needed

ESG ratings downgrades correlate with negative returns, says study

ESMA to host open hearing on ESG fund names rules

ECB signals overhaul of climate bond purchase strategy

A potential overhaul of the way the European Central Bank (ECB) looks to support decarbonisation efforts through its bond purchases has been welcomed as a "paradigm shift".