Michael Hurley

Cisco warns against bonfire of regulation as EU finalises its Omnibus redraft

The prospect of "three or four years" of re-negotiating sustainability regulations is a major "worry" for tech giant Cisco, its head of EU policy said as she warned against a "bonfire of regulations".

Average company's CSRD reports may be limited to 300 datapoints, MSCI suggests

UK government mulling how ISSB reporting will square with its growth objectives

The UK government is preparing to consult on which aspects of the International Sustainability Standards Board (ISSB) standards it should adopt and is weighing how to ensure new reporting requirements do not impinge on its 'growth' agenda.

Ex-NZAM members 'will face higher bar to prove engagement outcomes'

Asset managers will have to work harder to prove to asset owners their commitment to substantive engagement on issues including climate, following their departures from net zero initiatives, according to a UK pension fund.

EU pitches 'unprecedented simplification' with cuts to sustainability reporting

UK Stewardship Code too open-ended to be useful, pension fund says

Changes to the UK's "gold-standard" Stewardship Code are set to make it too "open-ended" for Nest to ascertain whether fund managers are meeting the pension fund's expectations, it argued.

'Don't wait for next disaster' before tackling climate risk, BaFin tells banks, insurers

The president of Germany's financial supervisor has told banks and insurers they need to collect better data and improve forward-looking analysis, as he warned them not to "wait for the next disaster" before addressing physical climate risks.

New York state seeks to replicate California climate disclosure rules

ESG still influential in institutional investor asset allocation, survey finds

US attorneys allege financial giants breached fiduciary duties with ESG strategies