Michael Hurley

Climate-related gaps in financial statements persist, investors warn

Widespread failure by companies to provide adequate transparency on the financial impacts of climate change persists, despite standards and regulations increasingly pushing for greater detail, according to a group of investors.

Biodiversity risks affecting credit profile of European companies, researchers say

California regulator unveils climate reporting rules

Correction: Review clause for extending CSDDD to financial institutions' investments ditched in Omnibus

A clause which would have required a review of EU due diligence rules to also cover financial institutions has been ditched as part of the Omnibus package to simplify regulation.

Legal challenge of Omnibus being considered, says law group

GPIF selects Nissay for impact investment research mandate

Transition plan implementation axed as EU politicians hammer out Omnibus agreement

EU politicians have agreed to delete a clause requiring companies to say how they are implementing climate transition plans, despite warnings from investors that this information is crucial for holding companies to account, as the long-running Omnibus saga nears a conclusion.

Indonesia set to ditch early coal plant closure, in blow to JETPs

ESG ratings 'frustration' justifies prescriptive FCA rules on transparency

Complaints from companies that a lack of transparency about their ESG rating left them 'confused and frustrated' justified the "most prescriptive" elements of the Financial Conduct Authority's (FCA) proposed regulation of ratings providers.

PCAF approach to sovereigns 'unnecessarily risks double counting emissions'

An updated methodology for financial institutions to report greenhouse gas (GHG) emissions associated with their investments in sub-sovereign issuers unnecessarily raises the prospect of double counting of emissions, an observer claimed.