Allianz Global Investors and Dutch development bank FMO have agreed one of the largest “blended finance” funds on record, raising $1.1 billion to invest in loans that help emerging and frontier countries meet sustainable development targets. The fund is the …
Fewer than one in five of the world’s biggest polluting companies have short-term emissions reductions targets in line with keeping global temperature rises below 1.5 degrees Celsius, an investor pressure group said on Wednesday. The number of companies pledging to …
More than 30 investors have called on proxy advisor ISS to improve the guidance it gives to clients wanting companies to decarbonize faster, saying its policies had failed to keep pace with rising climate change risks. Institutional Shareholder Services (ISS) …
The Net-Zero Insurance Alliance (NZIA) has ditched all requirements for members to set or publish greenhouse gas emission-reduction targets, the U.N. said on Wednesday, a major rewrite of its rules after U.S. political pressure led to a member exodus. The …
The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance’s membership requirements, after a recent exodus of members, according to two people familiar with the discussions. The U.N.-convened Net-Zero Insurance Alliance …
“Climate washing” litigation has risen sharply in the last two years as environmental groups and governments grow frustrated with corporate claims about their contribution to tackling climate change, a report published on Thursday showed. The report, compiled by London’s Grantham …
The success of Republicans in triggering the breakup of a coalition of insurance firms aimed at tackling climate change is down to U.S. states being the industry’s primary regulator, interviews with industry executives and former officials show. The U.N.-backed Net-Zero …
“Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers quit an industry climate group following pressure in the United States. “These political attacks …
A global climate alliance for insurers needs to make its membership rules less prescriptive or risk falling apart, the boss of Lloyd’s of London said after political pressure from some U.S. states prompted some companies to leave. The United Nations …
Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the potential impact, a report by leading environmental disclosure platform CDP and Planet Tracker estimates. The U.N. …
