Michael Hurley

UK told to up pace on 'stagnant' green taxonomy work

Sustainable finance regulation 'needs to focus on transition'

Transforming financial regulation so it encourages decarbonisation objectives, rather than concentrating only on the 'greenest' activities, must become the focus of regulators, an Environmental Finance webinar heard.

More turbulence forecast for EU taxonomy as expert group plots way forward

The European Commission has been warned of further challenges that could stifle progress on its sustainability taxonomy, including in areas such as forestry and on criteria to ensure investments do not 'significantly harm' the EU's sustainability objectives.

Central banks 'right to support pricing of climate impacts', says Bank of Japan

Central banks should support financial institutions in accounting for the "negative externalities" of greenhouse gas emissions, including by providing finance to encourage the transition, according to the deputy governor of the Bank of Japan.

German group to propose ESG integration 'scale' for fund documents

Goldman Sachs charged for ESG fund failures

The asset management division of banking giant Goldman Sachs has been charged for failures to follow its own policies and procedures for the environmental, social and governance (ESG) research its teams used to make investments.

Every benchmark should include climate indicators, asset owner alliance says

Every standard investment benchmark should include climate indicators, to help asset owners to develop their own custom indexes, the Net-Zero Asset Owner Alliance (NZAOA) has recommended.

ESG data developments key to financing climate adaptation, says Cervest

Developments in computer analysis to model the climate vulnerability of assets will be key to scaling up investment in adaptation measures, according to Cervest.

US launches developing countries carbon credits initiative

COP27: Carney says data platform will bring accountability to transition plans

Mark Carney has said a proposed free-to-use climate data platform will bring accountability to financial institutions' climate transition targets.