Michael Hurley

Asset manager CEOs split on including defence in sustainability strategies

The CEOs of major asset managers were split on whether defence firms should be considered for inclusion in sustainability strategies, illustrating the industry's struggle to square sustainability messaging with funding weapons.

SFDR and US pushback show industry's communication failing, say asset manager CEOs

Political pushback against ESG investments and confusion caused by the EU's Sustainable Finance Disclosure Regulation (SFDR) show that the investment industry needs to improve its communication on sustainability, asset manager CEOs claimed.

Article 9 funds suffer record outflows, Morningstar says

Climate stress testing and taxonomy expansion among HKMA work priorities

Canada needs to be clean energy 'superpower', Carney says after election win

ISSB proposes 'relief' from reporting some finance-related emissions

The International Sustainability Standards Board (ISSB) has proposed changes to its standards, to permit companies to omit disclosure of Scope 3 greenhouse gas (GHG) emissions linked to derivatives, facilitated emissions by investment banks, and insurance-associated emissions.

Space agency launches 'Earth observation' data initiative to propel nature finance

Financial institutions, corporates and academics have begun work to identify the best ways to use 'Earth observation' data to propel nature-positive finance toward the $540 billion of annual investment needed to meet international targets.

EU fund naming rules helped 'clear up' market, ESMA claims

An increase in the number of managers removing ESG-related terms from the names of their investment funds shows EU naming rules have been successful in reducing 'greenwashing', according to the European Securities and Markets Authority (ESMA).

EFRAG agrees timeline for changing CSRD standards

US court pauses case on litigation against climate disclosure rule