Michael Hurley

Banks urge EU to relax planned supply chain due diligence rules

A prominent group of European financial institutions has called for proposed rules on due diligence in supply chains to be watered down, in part to allay fears they could lead to lawsuits against banks and investors.

Church of England Pensions Board leaves NZAOA

The Church of England Pensions Board has left the UN-convened Net-Zero Asset Owner Alliance (NZAOA), citing the need to maintain "a clear focus on one net zero initiative".

Actuaries crunch the numbers on climate scenarios - and warn many are 'implausible'

A membership body for actuaries has warned financial institutions against relying unquestioningly on climate-related scenarios, with results from some models "far too benign and, in some cases, implausible".

Banks 'concerned' at EU corporate reporting standard draft

Several European banks are concerned at the recent publication by the European Commission of draft standards for corporate reporting, which they fear will make meeting their own disclosure obligations tougher.

EU banks devising guide to overcome struggles with ESG regulation

Eurozone banks wrestling with their reporting requirements under EU regulation are together writing guidance on disclosing their climate-related physical risks.

NBIM warns London listing change would curb investor influence

The manager of the world's largest sovereign wealth fund has added its voice to warnings that the UK's plans to reform its listing rules could "decrease" the influence of investor engagement with companies.

Pension funds and insurers propel impact AuM growth

Pension funds were the biggest driver of growth in impact funds over the last five years, according to the Global Impact Investing Network (GIIN).

Data providers neglecting impact, says KBIGI

Providers of sustainability data are failing to address the potential market for information on environmental and social impacts, according to KBI Global Investors (KBIGI).

TPI management scores 'reliable sign of decarbonisation', says FTSE Russell

BoE prepares transition plan based on TPT recommendations

The Bank of England is to publish next week a climate transition plan it says is based on the draft recommendations by the UK's Transition Planning Taskforce (TPT).