Michael Hurley

Simplified Stewardship Code says investors should 'have regard to' sustainability outcomes

The final text of the revised UK Stewardship Code has been published, confirming a changed definition of stewardship which some observers criticised as weakened, with signatories told to 'have regard to' the environment and society when exercising their rights.

Climate adaptation deals yield $10 in benefits for every dollar spent, WRI estimates

Union Investment divests from Exxon over climate targets

China should align climate impact reporting standards with EU's, NBIM says

Omitting finance-related emissions reporting will undermine comparability, ISSB told

Proposals to allow entities to omit finance-related emissions from their reporting could reduce the comparability of sustainability data, European standard setters told the International Sustainability Standards Board (ISSB).

Lack of impact label under SFDR would endanger market, investors warn

The impact investing market faces "serious risks" to its growth if the EU fails to create an impact label under its review of the Sustainable Finance Disclosure Regulation (SFDR), an investor group has warned.

UK FRC consults on sustainability assurance standard

Thailand publishes extension of sustainability taxonomy

Use Omnibus as opportunity to simplify SFDR, financial institutions tell EU

Allianz is among several financial groups to call for the EU to use its Omnibus process to 'streamline' the Sustainable Finance Disclosure Regulation (SFDR), including by removing some principal adverse impact (PAI) disclosures.

Vague explanations on negative impact remediation 'need to be tackled in SFDR overhaul'

Asset managers' vague explanations of how they remediate the negative impacts of their investments shows the EU needs to toughen its Sustainable Finance Disclosure Regulation (SFDR), including by mandating investor engagement, according to a study.