Michael Hurley

Bank of America CEO pleas for regulatory consistency on ISSB adoption

Bank of America's CEO urged regulators not to diverge from the IFRS Sustainability Disclosure Standards, as the banking head warned that doing so would deepen confusion of an 'alphabet soup' of sustainability reporting.

NZDPU mulls how to iron out data difficulties as it looks to support transition planning

The creators of a free climate data portal are working on addressing challenges surrounding reporting of carbon credits and restatements of climate targets, as they aim to turn it into an essential resource for transition planning.

Dutch banks urge against obligation to decarbonise, ask for right to request climate data

Data challenges mean Swedish banks report lower 'green asset ratio', association says

Indonesia includes coal in green and transition taxonomy

Indonesia has taken the controversial decision to include the financing of new coal power plants as a transitional activity in its sustainable finance taxonomy.

'Get ready for assurance' of sustainability information, Deloitte tells companies

Performance in Covid period shows resilience of ESG investing, ESMA research says

ESG-themed listed equities funds tended to have better financial performance and higher inflows than their peers at the height of Covid-19 - indicating the resilience of the investment style in periods of extreme financial stress, according to research by a regulator.

Include climate transition risk in capital requirements, ECB research says

Regulators should include climate-related transition risks in calculations for banks' capital requirements, according to research by the European Central Bank (ECB).

German government urged to work with France to build on UK transition plan work

The German government has been told to work with France and the UK Transition Plan Taskforce (TPT) to build common expectations on corporate disclosure of climate transition plans, by a government-mandated expert group.

Climate risk among changes to ECB guide on banks' capital requirements calculations

Climate-related risks are among revisions to a guide by the European Central Bank (ECB) on how it expects banks to meet rules on calculating capital requirements for credit risk.