Michael Hurley

UK transition plan regime raises prospect of restatements, says EY

Institutional investors will have to determine how they would react in the event of corporate restatements of erroneous net zero transition plans, accounting and consulting firm EY has suggested.

Listed companies on 2.9°C warming trajectory, says MSCI

SLBs 'helping fuel the climate crisis'

Bloomberg tightens grip on GSS bond indexing with new launches

Financial services giant Bloomberg has launched a series of green, social and sustainability bond indexes, in a move that could see it tighten its grip on indexing in the rapidly growing market by using its own data and analysts to determine eligibility.

Include stress tests, transition plans in capital rules, says central banker

The governor of the Banque de France has recommended including climate-related stress tests and transition plans in the Basel framework for banking supervision.

KKR raises $1.9bn for second impact fund

Fitch forecasts rise of 'natural disaster clause' bonds

Time has come to ready transition plan regulation, Carney says

Regulators internationally should start work to regulate transition plans of financial institutions and businesses to ensure such a regime is ready to govern reporting when these disclosures become commonplace, Mark Carney has said.

US banks 'have not indicated' intention to quit GFANZ, Carney says

Mark Carney has denied that several large US banks threatened to quit the climate finance group he co-chairs, adding that the CEOs of the banks "have not indicated to me any intention to do so".

Climate-themed credit fund manager raises €85m