Michael Hurley

UK-China working group to add transition finance to disclosures work

Airline pension plan breached fiduciary duty with BlackRock ESG strategy, US judge rules

American Airlines breached the fiduciary duty it owed its pension plan clients under US federal law by selecting BlackRock, because it allowed the latter's "ESG interests" - rather than just its financial interests - to influence investment decisions, a judge ruled.

BlackRock bows to legal threats and departs net zero initiative

BlackRock has left the Net Zero Asset Managers (NZAM) initiative, citing "legal inquiries from various public officials" in the US attacking its stated focus on climate finance.

EU banking regulator sets ESG transition plan, capital adequacy requirements

Eurozone banks have been set requirements for 'prudential transition plans', scenario analysis and internal capital adequacy tests under rules published by the European Banking Authority (EBA).

French regulator adopts ESMA fund name rules in anti-greenwashing update

Advisers propose EU taxonomy criteria for mining of metals

Draft eligibility criteria for mining and manufacturing of metals to be included in the EU sustainability taxonomy have been proposed by the European Commission-mandated Platform on Sustainable Finance.

JPMorgan latest to leave Net-Zero Banking Alliance

Number of funds using FCA sustainability labels rises to 39, with more in pipeline

The number of UK funds to have confirmed that they will use one of four sustainable investment labels has increased to 39, Environmental Finance has learned.

Climate finance statesman Carney 'considering' run for Canadian leadership

UN special envoy for climate action and finance Mark Carney is considering a bid for leadership of Canada's ruling Liberal Party, it has been reported.

'Ever stronger business case for blended green finance', Amundi says

The diversification of company supply chains outside China is one of many factors feeding an increasingly favourable business case for clean energy blended finance in emerging markets and developing economies, Amundi has said.