environmental social and governance (ESG) criteria News

People Moves: Canopius Names WTW’s Maitra as Group Head of Sustainability; Gallagher Re Hires Bangs and Swindell for Asia Pacific

This edition of International People Moves details appointments at Canopius and Gallagher Re. A summary of these new hires follows here. Canopius Names WTW’s Maitra as Group Head of Sustainability Canopius Group, the global specialty re/insurer, announced the appointment of …

People Moves: Gallagher Hires Nexus’ Wright for Aerospace Practice; Aon Names Head of ESG Transaction Advisory Services; Sompo Int’l Taps Generali’s Chiurlo for Europe A&H

This edition of International People Moves details appointments at Gallagher, Aon and Sompo International. A summary of these new hires follows here. Gallagher Hires Wright from Nexus for Aerospace Practice Gallagher has appointed Tim Wright as a consultant in its …

Asset Manager Lombard Odier Adds ESG Screens After ‘Shocking’ Cyber Report

Lombard Odier Investment Managers said the “shocking” results of an analysis into cybersecurity risks lurking in portfolio companies have led it to apply ESG processes far more broadly to protect its funds from losses. The Swiss asset manager is now …

EU Urged to Simplify Life for Companies by Aligning Climate Reporting With Int’l Rules

The European Union should make extra time to align its policies with international rules on reporting on climate change to save time in the long run and simplify life for companies, global standard setting board said on Wednesday. That could …

Confusion About ESG Prompts EU Watchdog to Urge Rethinking of Rulebook

Europe’s markets watchdog is calling for a rethink of the region’s ESG investing rulebook after finding that the existing framework is being misinterpreted. At issue is the tendency of fund managers and their clients to treat the EU’s disclosure regime …

ESG’s ‘Social License’ Will Endure Even If the Letters Don’t

It’s been a bumpy stretch for adherents of investment strategies based on environmental, social and governance data. Much has been written about how Vladimir Putin’s February invasion of Ukraine raised geopolitical questions about why ESG-focused funds were even invested in …

New Sustainability Rules Attacked for Protecting Profits Over Planet

The organization aiming to set worldwide climate reporting requirements for decades to come is under fire for putting corporate interests ahead of the planet’s. In coming months, the International Sustainability Standards Board will publish rules for companies to disclose the …

Return of Coal as Alternative to Russian Gas Threatens European Firms’ ESG Ratings

European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability. Despite an energy crisis following sanctions on Russia, major …

Tesla Sued in Germany Over Car Surveillance Cameras, Carbon Footprint Claims

Tesla Inc. was hit by a lawsuit in Germany over potential privacy concerns linked to its car surveillance cameras and claims that buying its vehicles helps cut CO2 emissions. VZBV, the main German consumer association, filed the action in a …

More Insurers to Offer Better D&O Coverage to Businesses With Robust ESG Frameworks: Marsh

Marsh announced today several enhancements to directors and officers liability (D&O) insurance offerings that could enable more clients to benefit from superior environmental, social, and governance (ESG) frameworks. The move signals a greater willingness among D&O underwriters to recognize organizations …