Michael Hurley

US withdrawal from Paris Agreement to increase risk to insurers, EIOPA warns

The EU's insurers face increased sustainability-related risk exposure in the next 12 months, linked to the US withdrawals from the Paris Agreement and the World Health Organization (WHO), according to the EU's pensions and insurance regulator.

RBC's ditched target feeds debate on chilling effect of Competition Act

RBC's decision to ditch a CAD500 billion ($363 billion) 'sustainable finance commitment', citing recent changes to Canada's anti-greenwashing rules, has fed debate about how such rules can be effective without having a chilling effect on disclosures.

ESMA consults on ESG ratings regulation rules

EU asks for input on SFDR review to consider impact of Omnibus changes

US court pauses legal challenge of pensions ESG investment rule

US Justice Department sues four states over oil giants climate litigation

Curbing reach of CSDDD may be part of US trade negotiations, says Chamber of Commerce

US President Donald Trump is concerned at the "extra-territorial" reach of the EU's sustainability due diligence rules, and the US may use trade negotiations with the bloc to try to reduce its scope, according to a senior official at the US Chamber of Commerce.

Reasons for optimism amid the climate rollback

Climate disclosure rules offer a proxy for the status of sustainable finance - and it's not all bad news, writes Michael Hurley

'Calm down, have a cup of tea', says FCA head as he predicts more labelled funds

The Financial Conduct Authority (FCA)'s sustainable finance head has urged critics of its sustainability fund labelling and naming rules to "calm down", as he said the rules had reduced greenwashing, and promised many more funds were preparing to use labels.

SDR brings long waits for authorisation and little hope it will drive inflows, survey reveals

Fund managers seeking use of a UK sustainability label face an "authorisation process ... [of] longer than 20 weeks" in some cases, with many firms abandoning their plans after beginning the process, results of a survey revealed.