Michael Hurley

ASIC fines Mercer in 'landmark' greenwashing case

The Australian Securities and Investments Commission (ASIC) has fined Mercer Superannuation AUD11.3 million ($7.7 million) for greenwashing, in a case the regulator said was the first of its kind and was a landmark for the financial services industry.

Double materiality assessment 'to benefit climate reporting in financial accounts'

A regulatory requirement that companies assess their impacts on society and the environment, as well as the financial impacts of these aspects on their business, is set to improve how companies account for climate-related risks, according to WTW.

Lending support in the transition

ING wants other banks to use its approach to judging companies' transition plans. Robert Spruijt explains why to Michael Hurley

Taxonomy reporting a 'blind spot' for US companies preparing for CSRD

A requirement to report in line with the EU's taxonomy for sustainable activities is a 'blind spot' most US companies are only beginning to grapple with, according to KPMG.

UK regulator says pension schemes too focused on minimum compliance

FCA sustainability labelling gets off to slow start

UK fund managers have been urged to adopt sustainability fund labels as a priority to address transparency and greenwashing concerns - but only one fund manager has confirmed publicly it will use the labels.

Italian regulator flags negative SFDR practices as it calls for clarity and concision

Australia, New Zealand to collaborate on sustainable finance taxonomies, labelling

Investor concerns at inadequate climate accounting prompt IASB explainer

"Strong demand" from investors who expressed concerns that climate-related information was not sufficiently captured in financial statements has prompted the International Accounting Standards Board (IASB) to publish examples to clarify its expectations.

Rio Tinto's 'climate hypocrisy' on lobbying leads ACCR to end engagement