Michael Hurley

Corporate sustainability 'due diligence' proposal passes key vote

An EU Parliamentary committee has approved the text of a proposed directive to ensure large financial and non-financial corporates prevent human rights violations and adverse environmental impacts in their value chains.

FCA considers regulation on closing 'say-do gap' for financial institutions

The UK FCA has said it will consider potential regulation to encourage financial institutions to contribute to positive sustainability outcomes.

Spate of climate litigation takes aim at oil, gas, cement and nuclear

A spate of climate-related litigation has been launched that proponents say will increase companies' accountability for their contribution to climate change and prevent 'greenwashing'.

Europe should replicate US Inflation Reduction Act subsidies, says Franklin Templeton

The EU and UK should replicate the vast programme of subsidies and tax cuts presented by the US Inflation Reduction Act, a fund manager at Franklin Templeton has said.

EU appoints 28-member sustainable finance expert group

The UK's impact label: an intention to be better than SFDR

The UK is proposing a label for 'impact' funds, in a significant divergence from the EU, but some warn it could add further complication, writes Michael Hurley

ISSB reporting slated to begin in 2025

NGFS seeks feedback on climate scenarios

Calls for the ISSB to place greater focus on transition

Some investors argue the International Sustainability Standards Board needs to place the transition to a net zero economy at the heart of its forthcoming standards. Michael Hurley reports

EU sustainability database passes vote in Parliament