Michael Hurley

NBIM to step up climate engagement as policy setbacks raise prospect of disorderly transition

The manager of the $2.1 trillion 'oil fund' says it will ramp up demands of portfolio companies to set net zero targets and consider excluding those without transition plans, as it warned that international policy failures were increasing the risk of 'disorderly transition'.

COP30 coalition could 'finally put a price on carbon', says Al Gore

A push for a coalition of countries to adopt carbon pricing linked with border tariffs "could finally put a price on carbon" emissions around the world, if the hosts of the COP30 conference get their way, according to former US vice president Al Gore.

Canadian business falling behind in absence of climate transition plans, investors say

Canadian industry is trailing international peers on climate finance in the absence of common expectations on 'credible' transition planning, a group of investors and companies has warned.

Fed, FDIC among US agencies to ditch 'distracting' US climate risk principles

Principles to help financial institutions manage climate-related risks have been rescinded by federal regulatory agencies including the Federal Reserve, marking the latest in a wide-ranging rollback of sustainability-related policies under the presidency of Donald Trump.

Cut-back EU ESG ratings regulation still disadvantages smaller providers, EthiFinance says

Steps to simplify the EU's ESG ratings regulation do not go far enough to assuage worries the rules will disadvantage smaller providers and drive market share to larger, often non-EU ratings providers, EthiFinance has said.

GPIF to study 'relationship between impact investing and investment returns'

Japan's $1.7 trillion pension fund has launched a study of impact investment practices, according to its latest annual sustainable investment report.

EU ESG ratings regulation watered down amid 'burden reduction' drive

The standards constituting the EU's ESG Ratings regulation have been 'simplified' to meet the EU's "burden reduction" initiative, meaning providers will be given more flexibility in the information they must provide about their methodologies, the EU's securities regulator revealed.

Data gaps holding us back from investing in climate resilience, says Phoenix (ESG Data conference)

Gaps in availability of climate resilience data are constraining investment in the theme, according to insurer Phoenix Group.

Investors call for ESRS alignment with SFDR, initial EFRAG analysis shows

Nest pushing asset managers on data quality (ESG Data conference)

UK pension scheme Nest is pushing its fund managers including BlackRock and UBS to improve their use of ESG data, including to better integrate sustainability aspects in financial performance information, a senior executive told an Environmental Finance conference.