Michael Hurley

Social risk 'blind spot' in banks' CSRD reports flagged in study

A 'blind spot' in banks' reporting in line with EU regulation means many fail to report adequately on their exposure to 'social' risks and may be a breach of guidance from the bloc's banking supervisor, according to researchers.

PCAF playing catch-up with standard setters, despite ISSB's financial institutions reprieve

The industry-led Partnership for Carbon Accounting Financials (PCAF) is working to provide financial institutions with the standards they need to meet incoming sustainability reporting rules, a key industry figure has said.

ECB ready to ramp up climate supervision in face of political headwinds, Elderson says

The European Central Bank (ECB) will ramp up supervision of banks' climate and nature risk management by including sustainability-related aspects across a range of its conventional tests, according to a senior central banker.

Transition plan clause among key EU rules at risk as Omnibus political rifts deepen

A clause requiring companies to implement climate transition plans is one of several key clauses in EU rules at threat of being scrapped because of a deepening political rift, after lawmakers failed to reach agreement in European Parliament.

'Responsible investment cannot ignore rise of populism'

The responsible investment industry should work to understand and challenge anti-ESG attacks by populist political parties and avoid disengaging from political issues, a specialist consultant has urged.

Fannie Mae and Freddie Mac regulator exits NGFS, slamming 'politicised nonsense'

EU businesses want 'far less drastic' cutbacks than those in view, survey suggests

CBAM cuts adopted by EU countries

GRI consults on standard for 'monetary flows'

Bank of England impeding climate action, say pressure groups