Michael Hurley

Up to 450 US companies to report impacts under non-EU ESRS, says EFRAG

As many as 450 US companies are set to be in scope of EU rules that will require them to report their sustainability impacts, according to estimates by the European Financial Reporting Advisory Group (EFRAG).

Battery storage: charging ahead

Investors are increasingly bullish about the technology, which can help address energy security concerns while enabling the transition. Michael Hurley reports

Exemption for asset managers in ESRS 'creates a reporting vacuum'

The EU risks creating a "reporting vacuum" that undermines investors' data needs if it proceeds with a proposal to exempt asset managers' reporting under the Corporate Sustainability Reporting Directive (CSRD), observers warned.

ISO standard to 'strengthen accountability' for financial institution transition plans

A first-of-its-kind global standard for financial institutions' transition plans has been launched. Its creators claim it will "strengthen trust, consistency and accountability across the global financial system".

Exchanges lament 'fragmented sustainability regulation'

Stock exchanges have called for regulators to introduce equivalence regimes to urgently address "fragmentation" it says is the result of divergent sustainability rules.

Brazil revokes mandatory sustainability reporting for listed companies

SEC cites EU, ISSB 'challenges' among reasons for revoking climate rules

The US Securities and Exchange Commission (SEC) cited "challenges faced by other climate-risk reporting regimes" including in the EU's among reasons for proposing to revoke in full its own rules.

EU banks call for cuts to ESG rules to 'level playing field' with US

Complex ESG-related EU banking rules impede financing for the energy transition and disadvantage domestic institutions relative to their US peers, European banks said as they called for cuts to regulation.

Extreme heat 'emerging as a structural economic risk', warns Allianz

Extreme heat has the potential to hit up to 7% of GDP in major European economies by 2030, and is likely to "compress" expected returns on capital and the value of investments, according to modelling by Allianz.

Momentum behind battery storage powering CIP into new markets

Accelerating momentum behind the adoption of battery storage technology has spurred Copenhagen Infrastructure Partners (CIP) to invest in an array of markets beyond its first in the UK, it said.