Michael Hurley

Articles by Michael Hurley

  • SFDR agreement criticised for allowing fossil fuels in transition funds

    24 June 2026

    EU countries agreed that companies deriving large revenues from fossil fuels could qualify for 'transition' funds under the bloc's flagship Sustainable Finance Disclosure Regulation (SFDR), in move widely criticised by NGOs.

  • Banks' uneven progress on sustainability flagged in UNEP FI survey

    24 June 2026

    Weaknesses in banks' management of sustainability risks have been flagged in a report that points to the need for improved disclosure of forward-looking information.

  • Climate 'backlash' shows EU needs principles-based regulation, Mauderer says

    23 June 2026

    The "political backlash" against sustainability-related regulation shows the EU needs to pursue a less detailed framework based on principles, according to a senior central banker.

  • 'Clear and growing commercial opportunity' in adaptation, GFANZ says

    22 June 2026

    There is a "clear and growing commercial opportunity" to invest in climate adaptation and resilience, as evidenced by more private finance-led transactions no longer requiring public money to succeed, according to a report.

  • Bloomberg-backed group seeks to catalyse national climate platforms

    22 June 2026

    A group launched with the backing of Michael Bloomberg has called for applications for financial support it said could spur national climate 'platforms' in emerging markets and developing economies.

  • Draft ESRS for non-EU companies unveiled

    18 June 2026

    Draft European Sustainability Reporting Standards (ESRS) for reporting by companies based outside the EU but generating large revenues in the bloc have been published, in advance of a vote to approve them for consultation next month.

  • EU countries ready to give fossil fuels pass for SFDR transition category

    18 June 2026

    EU countries could agree to include fossil fuel companies in a proposed 'transition' category for the Sustainable Finance Disclosure Regulation (SFDR), according to a near-final text sent for approval.

  • FCA closes Drax investigation

    18 June 2026

    The UK Financial Conduct Authority (FCA) has closed its investigation into Drax, which related to the reporting of its sourcing of biomass for its energy production, as the regulator took no further action against the company.

  • 'China's version of SFDR will have significant impact'

    17 June 2026

    New rules governing Chinese sustainable investment funds are expected to have a significant impact in the domestic market, with a minimum threshold for sustainable investments likely to help "assure the quality" of funds, according to an expert.

  • Political climate apathy means more pressure on private finance - EIB's Calviño

    17 June 2026

    Converging crises that place more emphasis on defence and competitiveness have forced the energy transition into "a new phase" in which there is more reliance on the private sector, the president of the European Investment Bank (EIB) said.