Michael Hurley

• ISSB votes to require Scope 3 disclosures

  21 October 2022

  'Global baseline' sustainability standards are set to require disclosure of Scope 3 greenhouse gas emissions, after a vote by the International Sustainability Standards Board (ISSB) decided.

• EU Taxonomy alignment lower than expected, says Commission

  21 October 2022

  The EU Commission is to prioritise work to promote transition plans, following lower-than-expected levels of investor alignment with the sustainability taxonomy, a key executive has said.

• Climate Bonds Standard extension to SLBs to 'fire integrity'

  20 October 2022

  The Climate Bonds Initiative (CBI) is to extend its Climate Bonds Standard and certification scheme to cover sustainability-linked bonds (SLBs), in a move the organisation said would "fire ambition and integrity" in the market.

• Taxonomy 'useless' as investment tool until disclosure improves

  18 October 2022

  The EU's taxonomy of sustainable activities and related reporting requirements are useless for directing investment until disclosure improves and more guardrails are introduced to govern use of estimated data, which could take years, according to a data provider.

• ING banking on disclosure principles for steel and cement

  13 October 2022

  New technologies and policy support will be key to decarbonising heavy industry, a webinar on the topic heard. Michael Hurley reports

  

• UK taxonomy could need another year to finish, says UKSIF

  11 October 2022

  The UK Treasury could need to delay the publication of its green taxonomy by between six months and 12 months, according to the UK Sustainable Investment Forum (UKSIF).

• Assurance key to development of climate reporting, says FCA

  10 October 2022

  Developing a framework for assurance of company disclosures will be important to the next stage of the UK's climate reporting regime, according to a senior regulator.

• UK regulators point to rising expectations for company TCFD reports

  10 October 2022

  The regulators overseeing climate-related disclosure rules for UK-listed companies say they are likely to step up enforcement, as they look to address issues they identified in the latest reporting cycle.

• ECB climate scores another sign of rising liability risk, says law firm

  06 October 2022

  The decision by the European Central Bank (ECB) to tilt its corporate bond purchases toward issuers with better climate 'scores' is part of a wider shift to tighter climate rules - which in turn points to rising liability risk, a law firm has said.

• Shorting stocks can be climate engagement tool, Jefferies says

  05 October 2022

  Investors that buy and sell stocks in the hope that they lose value "could serve as an indirect engagement tool in pushing companies to reduce their carbon footprint", according to Jefferies.