Michael Hurley

Actuaries warn of 'catastrophic' impacts linked to climate and nature crises

Vulnerabilities shown by the US war with Iran demonstrate how an already fragile global food system is endangered by rising climate and nature perils, risking "catastrophic impacts for the financial system and for society as a whole", actuaries warned.

Santa Marta transition conference: Finance is core to efforts to 'dismantle' fossil fuel hegemony

Cutting subsidies for fossil fuels, backing debt-for-climate swaps and changing credit ratings methodologies to support transition investments are among proposals by dozens of countries to ditch dependence on fossil fuels.

FCA invites ESG rating providers to help it build regulation

Insurers warned against hesitancy to back climate adaptation by EIOPA

Insurers have been urged to more proactively back climate adaptation measures, as the EU's insurance supervisor voiced concern that the industry was not incentivising such measures.

US attack 'misunderstands' ESG in credit ratings, expert says

Criticism by US attorneys general of how the 'Big Three' ratings agencies incorporate ESG factors is flawed and misunderstands how the agencies apply their methodologies, according to an expert.

EFRAG reveals timeline for ESRS for non-EU companies

Ratings under fire from US attorneys general for climate 'downgrades'

Attorneys general for 23 US states demanded that Moody's, S&P and Fitch explain how climate-related risks informed "downgrades" of their ratings, raising the prospect of legal action against the companies.

Impact investors in $114m ecosystem restoration fundraise

Amundi-led blended finance green bond fund targets €3bn fundraise

An EU-backed blended finance fund targeting €3 billion ($3.5 billion) in assets has been launched to buy green bonds that fund climate and other environmental projects in 'low- and middle-income countries'.

Investors 'have lost interest' in social bonds (Debt conference)

Investors seem to have "lost interest" in social bond investments, sparking fund closures and allocations to the segment dropping precipitously since a peak around the Covid-19 pandemic, according to a fund manager.