Michael Hurley

ExxonMobil pension fined for missing climate reporting deadline

UK banks, insurers told by regulator to improve climate accounting processes

UK banks and insurers have been urged by their regulator to "establish clear plans and timeframes for developing climate accounting capabilities", as it reminded them of expectations to measure and manage climate risks.

Financial institution SFDR reports fail to explain adverse impacts, regulators say

Financial institutions need to improve how they explain why they do not consider the adverse impacts of their investment decisions, EU regulators have said.

Green bond regulation, SFDR guidance among ESMA's 2024 priorities

The EU's securities markets regulator has said it will "seek to improve the overall consistency and efficiency of the regulatory framework" governing sustainable finance in its 'strategic priorities' for next year, as it awaits the result of a review of the Sustainable Finance Disclosure Regulation (SFDR).

TNFD requires faster adoption than TCFD, says UK treasury minister

International adoption of the Taskforce on Nature-related Financial Disclosure (TNFD) disclosure recommendations "must go faster" than adoption of the equivalent framework for climate, a junior minister at the UK treasury has urged.

'Accelerator programmes' needed to grow investment in UK coastal ecosystems, report says

190 investors sign up to collaborative engagement on nature

190 institutional investors have signed up to collaborate to pressure 100 companies to address their negative impacts on nature, on the launch of Nature Action 100 (NA100) at Environmental Finance's Natural Capital Americas conference.

ISS ESG asks for feedback on its corporate ratings amid regulatory upheaval

ISS ESG has for the first time requested public feedback on its ESG Corporate Ratings, to inform its development of the product "in a rapidly evolving regulatory landscape".

Bank of England should model financial impact of acute physical risks, regulator says

The Bank of England should test the impact on the country's financial system of a "very large climate event", the head of the Bank's Prudential Regulation Authority (PRA) has said.

Investor group backs registry to bolster scrutiny of UK asset manager voting

A proposal to create a system for harmonised reporting of UK asset managers' voting records and a registry to host this information would enable greater scrutiny of managers' voting practices, an investor group has said.