Michael Hurley

EU prepares to let 'first wave' CSRD reporters omit biodiversity, social disclosures

Climate risk 'no longer tragedy of the horizon' says ECB note as it models 5% hit to GDP

Climate change is no longer "the Tragedy of the Horizon" but an imminent danger, a note by the European Central Bank (ECB) warned, as its 'short-term' scenario analysis showed potential for a huge 5% hit to eurozone GDP from extreme physical climate risks.

Ikeda departs Japan Financial Services Agency

Japanese ISSB standards will tackle long-standing issues with reporting timeline, L&G says

Trump tax bill 'less ugly than initially anticipated'

A tax-and-spending bill introduced by US President Donald Trump could accelerate investment in wind and solar projects in the short-term, amid a rush to take advantage of a closing window of tax credits, according to a senior figure at Lombard Odier.

'Immature' methodologies mean Scope 3 categories should get ISSB pass, industry says

Major insurers and asset managers said 'immature' assessment frameworks meant they should be allowed to omit a range of Scope 3 greenhouse gas (GHG) emissions disclosures when meeting International Sustainability Standards Board (ISSB) standards.

Commission adopts EU taxonomy reporting cuts despite data accessibility concerns

The European Commission has adopted cuts to EU taxonomy reporting that will "reduce administrative burden" for companies and financial institutions, including to templates it said would reduce datapoints lenders must report by 89%.

EU neutrality on 'sustainable' defence prompts investor soul-searching

It's crunch time for conflicted investors to decide whether defence has a place in sustainable finance, Michael Hurley writes

Renewables will be less big and beautiful after Trump bill

"The lack of available, scalable, and cost-competitive alternatives will ensure that investment in clean energy technologies continues," after US President Donald Trump's tax-and-spending bill, albeit at a slower pace than before.

ISSB requests feedback on revised SASB standards for high-emitting sectors

The International Sustainability Standards Board (ISSB) has requested feedback on the first revisions in almost a decade to sector-specific reporting standards for coal, oil and gas and metals & mining, ...