Michael Hurley

EU regulator sounds 'impact washing' alarm call

Funds that purport to contribute to the UN Sustainable Development Goals (SDGs) have been found to "not significantly differ" to peers that do not make such claims, in analysis by the European securities regulator.

Swiss regulator consults on requiring nature-related scenario analysis

Switzerland's financial markets regulator has published an outline of supervisory expectations to require scenario analysis to identify and manage the most material nature-related financial risks.

German opposition to CSDDD text threatens to torpedo legislation

Germany's finance and justice ministers have publicly opposed the text of the landmark Corporate Sustainability Due Diligence Directive (CSDDD), raising the prospect that the EU's largest economy could sabotage adoption of the legislation.

IOSCO should oversee ESG data and ratings principles for regulators, S&P suggests

The International Organisation for Securities Commissions (IOSCO) should develop a centralised set of principles for good conduct by ESG data and ratings providers, a senior executive at S&P has recommended.

UK green taxonomy expected by summer, minister says

EU regulator surveys banks on standard for classifying ESG risk exposures

Accounting body unveils ethics standards to 'mitigate greenwashing'

Canadian version of CA100+ to push companies for near-term climate targets

A collaborative engagement initiative focused on high-emitting Canadian companies not captured in the Climate Action 100+ (CA100+) initiative is set to ask for more detailed near-term emissions targets, according to an investor member.

EU Platform begins transition plan work as it denies EU neglects issue

A commonly held perception that the EU's sustainable finance framework does not support 'transition' activities is "wrong", the chair of an independent EU advisory group has said, as it begins work on what good transition plans look like.

EU taxonomy reporting metric is too simplistic, banking group says

The disclosure of a 'green asset ratio' required by the EU taxonomy regulation is too simplistic to be relied on as a comparison of banks' climate transition efforts, according to the European Banking Federation (EBF).