Michael Hurley

Temasek-backed ABC Impact invests in biodegradable plastics

ISSB readies consultation on future work

Sustainability standards convergence raises 'green bubble' risk, says SEC's Peirce

Introducing substantially identical sustainability standards internationally could create "a global asset bubble" that would heighten financial stability risks, a commissioner at the US Securities and Exchange Commission (SEC) has warned.

TPG Rise Climate invests in green hydrogen company

NGFS hails progress on climate, biodiversity in annual report

Apollo launches $4bn climate transition strategy

Financial institutions in scope of EU due diligence rules after vote

Financial institutions would be required to disclose climate transition plans and conduct due diligence to ensure they do not contribute to negative impacts across their value chain, under new rules agreed by an influential EU Parliamentary committee.

IAASB brings forward sustainability assurance consultation

The International Auditing and Assurance Standards Board (IAASB) has brought forward the planned date for consultation on an international standard for assurance of sustainability-related information, citing public feedback which urged it to do so.

US banks facing NYC pension fund pressure on climate targets

Bank of America, JP Morgan Chase and Goldman Sachs are preparing to face a shareholder vote on a resolution asking them to set absolute greenhouse gas (GHG) emissions reductions targets, as a major investor criticised them for "lagging peers" in this area.

'Reasonable to expect' banks will meet ECB climate expectations, says Elderson

It is "reasonable to expect" Eurozone banks will, by 2024, close the gap between their currently inadequate disclosures on climate-related risks and the expectations of the European Central Bank (ECB), according to a senior central banker.