Michael Hurley

Articles by Michael Hurley

  • Inconsistencies in how credit ratings consider ESG factors, UK regulator says

    21 May 2026

    Credit ratings agencies in the UK have been told to clarify how they consider environmental and social factors in ratings and address inconsistencies in documentation, after a review by their regulator.

  • 'Electrotech' biggest energy transition market mispricing - BlackRock

    20 May 2026

    Electrical technology infrastructure including transformers, battery storage and metals for cables represents the biggest market mispricing linked to the energy transition, a senior figure at BlackRock told Environmental Finance.

  • International carbon credits can be used for CBAM compliance, draft rules say

    14 May 2026

    Importers would be able to claim reductions to payments under the EU's Carbon Border Adjustment Mechanism (CBAM) based on purchases of domestic and international carbon credits, under draft rules published by the European Commission.

  • DNB's Sleijpen appointed chair of NGFS

    14 May 2026

    Olaf Sleijpen has been appointed chair of the Network for Greening the Financial System (NGFS), to succeed the current chair Sabine Mauderer from July.

  • ESG ratings regulation stokes fears for smaller providers

    13 May 2026

    Small- and medium-sized providers of ESG ratings face a choice between exiting the market or being swamped by costs associated with the incoming EU ESG ratings regulation, executives at several providers told Environmental Finance.

  • Sustainability shortcomings could lead to higher capital requirements - BaFin

    13 May 2026

    German banks have been told by their regulator that they face higher capital requirements unless they address "shortcomings" related to their management of sustainability risks.

  • Asset manager carve-out for CSRD risks investor 'blind spot', Eurosif warns

    12 May 2026

    A proposed exemption for asset managers from EU sustainability reporting rules risks leaving a "blind spot" that hinders supervisors and end investors, according to Eurosif.

  • Fewer companies in scope of ISSB reporting after Australia raises threshold

    12 May 2026

    The Australian government has said it plans to raise the threshold according to which companies are in scope of incoming climate-related reporting rules, which it said would "relieve reporting burden" for smaller companies.

  • Don't change EU credit risk framework to cover ESG risks, German banks say

    11 May 2026

    A major group of German banks has urged against adding criteria for environmental and social risks in the EU's credit risk assessment process, in response to a consultation by the European Banking Authority (EBA).

  • Crédit Ag, NBIM and Apollo staff join PCAF core team

    08 May 2026

    Hetal Patel has reprised his role as chair of the global 'core team' of the Partnership on Carbon Accounting Financials (PCAF), as new members joined who represent Crédit Agricole, Norges Bank Investment Management and ING.