Michael Hurley

UK's competition regulator 'very unlikely' to punish climate collaboration

The UK's competition regulator has said it is "very unlikely" to punish businesses working together to tackle sustainability issues including climate change.

We will give you safe harbour on transition planning, says UK FCA's ESG head

Companies and financial institutions should not face the risk of legal action for collaborating to develop climate transition plans, according to the director of environment, social and governance issues at the UK Financial Conduct Authority (FCA).

NGFS interested in UK transition plan framework, says BoE's Breeden

There is international interest in the UK's plans to develop a world-leading "gold standard" for climate transition plans, including from members of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), a senior central banker has said.

Canada poised to publish transition taxonomy

The publication of Canada's delayed transition taxonomy is expected imminently, Environmental Finance has learned, but it may be less detailed than previously expected.

BP climate target rowback will not shake faith in 'say on climate', says Allianz GI

Minimum standards for ESG benchmarks would face 'strong pushback', PwC says

The creation of mandatory minimum standards for all environmental, social and governance (ESG) indexes in the EU would likely face "strong pushback", PwC has warned in a report to the European Commission.

PensionBee 'impact' pension plan raises £50m

French regulator pushes for exclusion of fossil fuels from SFDR

France's securities markets regulator has proposed the EU's controversial fund disclosure regime should introduce a set of minimum criteria for funds to be considered sustainable.

ESMA fund names risk repeating SFDR chaos, warns investment group

Guidelines on the sustainability terminology that can be used in EU fund names risk re-running the confusion that surrounded the bloc's disclosure regime for funds, an investment group warned.

US regulator says greenwashing is fraud

The Commodity Futures Trading Commission (CFTC) is ready to increase its resources to tackle false claims on environmental aspects in the US futures and derivates markets, which a commissioner said are of growing concern in carbon markets and can equate to fraud.