Michael Hurley

'EU ESG ratings regulation has already improved transparency'

The EU's ESG ratings regulation has already contributed to improvements in transparency and comparability of products, according to a manager at PwC.

Investors told to monitor ICJ opinion impact on investor-state disputes

BoE falling behind on climate risk and needs strategy overhaul, says WWF

The Bank of England has been criticised for its failure to advance its work on climate risk despite identifying it as a threat to the UK financial system, as WWF urged it to update scenario analysis it has not repeated since 2021.

ISSB member flags key choice in ESRS changes that 'will impact interoperability'

US Treasury changes will halt renewables investments, Ceres says

Private equity increasing focus on sustainability amid concern over exit failures, says Anthesis

Growing perception of an increasing number of exit failures over the past six months is leading more private equity firms to prioritise sustainability due diligence to attract potential buyers, according to consulting firm Anthesis.

Lagarde warns against cutting CSRD scope as it will make ECB's work harder, she says

Christine Lagarde has told Members of European Parliament (MEPs) they should not drastically reduce the scope of the EU Corporate Sustainability Reporting Directive (CSRD), arguing that it will harm the central bank's ability to manage climate-related risks.

'A pivotal time' for sovereign engagement

With nations due to present updated climate plans and signs of 'retreat' on climate policy internationally, investors face a crucial period for sovereign engagement, Michael Hurley writes

UK group unveils framework for assessing credibility of transition finance

A UK government-backed group has launched draft guidance it says can give "legitimacy" to claims of financing companies in transition, to help grow investment and lending to high-emitting sectors including steel, cement and shipping.

ICJ opinion raises stakes for Omnibus as lawyer warns of 'legal time bomb'

The International Court of Justice's (ICJ) opinion on climate "reinforces" the likelihood of legal challenges of the EU's Omnibus simplification process if it guts key elements of sustainability rules such as those for transition plans, a lawyer has argued.