Michael Hurley

EU wants to boost green loan market, senior commissioner says

The EU wants to boost the market for green loans and is "looking very closely" at recommendations to develop a voluntary label, the European Commission's finance lead has said.

'Underfunded' hydrogen bank a gap in EU's riposte to US IRA, investor says

The EU's Hydrogen Bank is "underfunded", creating a major gap in the bloc's efforts to respond to the US Inflation Reduction Act (IRA) and spur investment in renewables, according to one of the world's largest specialist investors in wind and solar energy.

MEPs agree two-year delay to EU sector-specific reporting standards

ECB uncovers 'staggering' misalignment of bank lending with climate targets

'Staggering' misalignment of Eurozone bank lending portfolios with climate targets has been uncovered by the European Central Bank (ECB), as it warned of a pressing need to act amid rising litigation, financial and reputational risks.

ESG ratings failure lands real estate investor in hot water with French regulator

A real estate investor has been hit with the prospect of a fine for failures relating to how it used ESG scores to inform its investments.

Users may need to tweak our climate scenarios, says NGFS

Users of models to project the impacts of climate "should determine and be prepared to justify" which scenarios best suit their needs, the Network for Greening the Financial System (NGFS) has said.

EFRAG consults on SMEs European Sustainability Reporting Standards

European Sustainability Reporting Standards (ESRS) for small and medium-sized enterprises (SMEs) have been published for consultation.

French regulator turns mystery shopper to check asset managers live up to sustainability promises

France's financial markets regulator will conduct spot checks of asset managers to check whether their voting and engagement practices meet the standards claimed in their marketing.

Fund managers face SDR challenge to define 'sustainable', law firm says

Fund managers looking to adhere to the UK's forthcoming fund labelling and disclosure regime are to face a significant "subjectivity-related challenge" in determining what qualifies as sustainable, according to law firm Pinsent Masons.

Rise of AI can benefit impact data, APG says

The application of Artificial Intelligence (AI) to identify and organise data presents opportunities in areas including sustainability-related impacts, according to one of Europe's largest asset managers.