Michael Hurley

Central banks 'right to support pricing of climate impacts', says Bank of Japan

Central banks should support financial institutions in accounting for the "negative externalities" of greenhouse gas emissions, including by providing finance to encourage the transition, according to the deputy governor of the Bank of Japan.

German group to propose ESG integration 'scale' for fund documents

Goldman Sachs charged for ESG fund failures

The asset management division of banking giant Goldman Sachs has been charged for failures to follow its own policies and procedures for the environmental, social and governance (ESG) research its teams used to make investments.

Every benchmark should include climate indicators, asset owner alliance says

Every standard investment benchmark should include climate indicators, to help asset owners to develop their own custom indexes, the Net-Zero Asset Owner Alliance (NZAOA) has recommended.

ESG data developments key to financing climate adaptation, says Cervest

Developments in computer analysis to model the climate vulnerability of assets will be key to scaling up investment in adaptation measures, according to Cervest.

US launches developing countries carbon credits initiative

COP27: Carney says data platform will bring accountability to transition plans

Mark Carney has said a proposed free-to-use climate data platform will bring accountability to financial institutions' climate transition targets.

Simplified EU taxonomy could be global baseline, UK expert suggests

A simplified EU taxonomy of sustainable activities would help pave the way for its adoption globally as a starting point on which other jurisdictions could more easily build, according to the chair of the UK's taxonomy advisory group.

COP27: Significant gaps in sovereign ESG data, finds expert alliance

Significant data gaps in areas required to assess sovereign performance on sustainability have been highlighted that should be addressed with urgency, in a report by a group of major data providers.

COP27: Net-Zero Banking Alliance calls for banks to plug gaps in targets

The UN-convened Net-Zero Banking Alliance (NZBA) has called for accelerated action by its bank members after its first progress report revealed gaps in target-setting in key areas.