Michael Hurley

SFDR fossil fuel exclusions 'raise prospect of purist transition category'

Proposals to require funds targeting 'transition' investments to exclude fossil fuel companies could mean investors are limited to a niche subset of companies and constrain the category, a senior industry figure has suggested.

PIRC to assess Crédit Ag response to ECB fine

Pensions and Investment Research Consultants (PIRC) says it will assess how Crédit Agricole responds to a fine from the European Central Bank (ECB) as it mulls a vote against members of the bank's sustainability committee and board.

Commission says Omnibus followed protocol in response to complaint

L&G to vote against Deere resolution on climate ROI expectations

Proxy advisor to 'review election' of Crédit Ag governing body after ECB fine

Pensions and Investment Research Consultants (PIRC) will review the election of any member of Crédit Agricole's sustainability committee, its board chair or its CEO, after the bank's climate-related fine by the European Central Bank (ECB), it said.

Transition risk pushing up 10-year bond yields, central bank economists say

Research suggests that higher perceived climate transition risks lead to increased bond yields, suggesting "effective climate policies can help mitigate increases in the cost of debt servicing," according to a group of central bank economists.

EBA echoes calls for time limits on ESRS 'reliefs'

Contrasting fortunes of SFDR Articles 8, 9 continued in Q4 - Morningstar

ESRS reliefs risk encouraging 'opportunistic behaviour', ESMA warns

Proposals to allow companies to omit information on the anticipated financial effects of sustainability aspects, including climate change risk "encouraging opportunistic behaviour", according to the European Securities and Markets Authority (ESMA).

Will investors buy the transition bond label?

The Principles have issued guidelines to help high-emitting companies raise 'transition' finance. Are investors convinced, asks Michael Hurley