CLIMATE AND SUSTAINABILITY – Page 7
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News
Hannover Re commits to net zero targets in reinsurance, investments and business operations
Hannover Re’s recent move to join the United Nations-convened Net-Zero Insurance Alliance underscores its Group-wide sustainability engagement.
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Sustainability: Time to invest in biodiversity
Nature-based solutions can help organisations achieve greater resilience in the face of a changing climate
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Reinsurer takes minority stake in specialty MGA
The company recently announced a strategy of targeting high quality specialty MGAs in the United States.
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Insurance industry leaders inaugurate alliance to accelerate net zero transition
As the intergovernmental G20 forum gathered in Venice for its Climate Summit on 9 and 10 July, eight of the world’s leading insurers and reinsurers have collaborated to establish the UN-convened Net Zero Insurance Alliance (NZIA).
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Aviva partners with WWF on industry action plan to achieve net zero targets
Amanda Blanc says the collaboration will ’ensure the financial sector gets its act together’ around working towards net zero
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Insurers are failing to use their influence to fight climate change - ShareAction
Some commentators believe ’the insurance industry is the single most annoying part of this whole climate puzzle’
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Swiss Re announces ambitious climate targets; accelerates race to net zero
Swiss Re today announced new measures to support the transition to a net-zero economy, encompassing both asset management and underwriting as well as its own operations.
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ESG drives better financial performance - study
Sustainability initiatives drives better financial performance due to improved risk management and more innovation
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In support of a green economy
Europe suffers from some of the most severe fossil-fuel-company insured losses in the world, according to PCS data
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News
Climate change to transform renewable risk landscape
Renewable Energy Market Review January 2021 - The energy transition: risks and challenges
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News
Allianz announces medium-term green targets for some investments
It is the first time that Allianz, which is also one of the world’s largest investors, has announced interim targets.
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News
Lloyd’s takes action to accelerate transition to sustainable economy
Lloyd’s publishes its first Environmental, Social and Governance Report which details its ambitions to fully integrate sustainability into all of Lloyd’s business activities.
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News
QBE joins the UN-Convened Net-Zero Asset Owner Alliance
The UN-convened Net-Zero Asset Owner Alliance is an international group of institutional investors who are committed to transitioning their investment portfolios to net-zero greenhouse gas emissions by 2050.
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News
Re/insurers recognise the importance of ESG strategies but struggling to implement them: AM Best
A proper understanding and integration of environmental, social and governance (ESG) factors is increasingly critical to the long-term viability of re/insurance companies, according to research by AM Best.
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Zurich puts environmental and social goals at heart of impact investment strategy
Zurich becomes first large institutional investor to prioritise the environmental and social goals of its impact investment portfolio
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Reuters: Britain’s biggest fund manager expands engagement on climate
Britain’s biggest asset manager plans to increase the number of companies it assesses and engages with over climate change to help to accelerate global efforts to move to a low-carbon economy, it said on Wednesday.
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Insurers need to ‘get to grips’ with timber to progress construction’s net zero targets
Brokers can play a key role as educators to support the construction sector to use more timber in a bid to reduce carbon emissions
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Analysis
Reputational crises put directors at risk
ESG pledges, unmet, will leave stakeholders disappointed and pose the greatest enterprise risks of all, warn Nir Kossovsky and Denise Williamee
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News
MetLife to Reduce Emissions by 30 Percent and Originate $20 Billion of New Green Investments By 2030
Over the next 10 years, MetLife, Inc. (NYSE: MET) has committed to reduce its location-based greenhouse gas (GHG) emissions by 30 percent from 2019 levels, originate U.S. $20 billion in new MetLife Investment Management (MIM)–managed green investments, and allocate U.S. $5 million to develop products and partnerships that drive climate ...
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News
Climate change and ESG transforming mining risk
Mining companies must incorporate ESG, above all climate change into their risk mitigation strategies in order to survive in the future - WTW