Michael Hurley

Physical climate risks already feeding inflation, says NGFS chair

Physical climate risks are already feeding through to increased inflation, demonstrating that climate change "is within the core mandate" of central banks, according to the chair of the Central Banks and Supervisors Network for Greening the Financial System (NGFS).

German Chancellor calls for 'complete repeal' of EU CSDDD

German Chancellor Friedrich Merz has called for a "complete repeal" of EU directives including the Corporate Sustainability Due Diligence Directive (CSDDD).

India unveils draft climate, transition finance taxonomy

GRI urges EU against cutting key impact standards as it mulls Omnibus changes

Reducing scope of CSRD would hinder ECB's work on climate, it warns EU

NBIM calls on EU to copy ISSB in overhauled corporate reporting standards

The EU should adopt 'identical' terminology and metrics from International Sustainability Standards Board (ISSB) standards in European Sustainability Reporting Standards (ESRS) where they address the same matters, managers of the $1.7 trillion oil fund have urged.

EBA hints it will resist calls to delay ESG scenario analysis rules amid CSRD overhaul

Rules for EU banks to conduct routine 'ESG scenario analysis' "cannot depend directly" on corporate reporting rules, their regulator said in response to calls to delay introduction while the bloc overhauls its Corporate Sustainability Reporting Directive (CSRD).

Biggest drawback of CSA's disclosure 'pause' is delay to assured data, investor says

Investors expecting an uplift in the quality of climate-related data face a longer wait for this to be independently assured and brought on par with conventional financial disclosures, after Canadian regulators' decision to 'pause' rules, according to Mackenzie Investments.

ICE expands geospatial dataset for buildings

Extreme weather could see 'severe' losses, NGFS short-term scenarios show