Michael Hurley

Financial institutions told to limit data asks of SMEs to EU standards

Financial institutions have been urged to limit their requests for sustainability data of small- and medium-sized enterprises (SMEs) to information in EU standards, in a recommendation by the European Commission.

Mixed picture emerging of sovereign progress and retreat on climate, ASCOR says

Signs of a retreat from climate action by some countries come as others raise their ambitions, according to preliminary analysis of climate mitigation and adaptation plans - signalling a complex task for investors targeting climate engagement with sovereign bond issuers.

PRI presents private market 'sustainability value creation' framework

Create EU stewardship code to bolster engagement outcomes, IIGCC says

BoJ analysis shows need to improve link between scenarios and transition plans, banks say

The results of scenario analysis by three Japanese megabanks suggest improvements are needed to better link the assessments with corporate transition plans if they are to be used in a similar way to conventional stress tests, according to the Bank of Japan.

ECB to 'reduce value' of high-climate-risk assets pledged as collateral

Assets pledged by banks as collateral that are deemed to be highly exposed to climate transition risks will have the financial value assigned to them "reduced" according to a 'climate factor' calculation set to be introduced by the European Central Bank (ECB).

Glass Lewis seeks to block anti-ESG state law

Countries projected to overshoot Paris targets by as much as 2.3°C

States have range of climate finance policy options to meet ICJ obligation, lawyer says

L&G removes Cosco from divestment list based on climate progress

L&G Asset Management has removed Chinese state-owned shipping giant Cosco from its climate-based divestment list after it said the company made "several" key improvements to its strategy, including an 'ambition' for its shipping operation to be net zero by 2050.