November 2, 2023
Australian companies and directors could face legal action if they fail to identify and account for nature-based risks, according to a new opinion backed by lawyers and environmental groups, released Thursday. Directors could be held personally liable for breaching their …
October 24, 2023
The West Antarctic ice sheet is set to melt faster even if the world rapidly cuts emissions, according to a new study. That could lead to more significant sea level rise over the course of centuries. The West Antarctic ice …
October 20, 2023
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 …
October 20, 2023
The cost of shipping fuel along the Rhine river has surged as low water levels curb barges’ carrying capacity following a hot, dry September. The river is fed by glaciers and rain. But Alpine ice flows are declining each year …
October 19, 2023
Britain’s financial watchdog said on Thursday it was having to “push back” against some investment funds that misleadingly attempt to label themselves as being focused on environmental, social and governance (ESG) based performance. Regulators across the world are seeking to …
October 18, 2023
A $9.5 trillion investor group that includes Allianz SE, Legal & General Plc and the California Public Employees’ Retirement System reported a modest decline in greenhouse gas emissions enabled by its members’ lending and investment activities, the first time it …
October 17, 2023
Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new ESG requirements enforced by their watchdog. In a world first, the European Banking Authority is revising the framework that sets industrywide capital …
October 17, 2023
Howden, the London-based insurance group, announced the creation of Howden Climate Parametrics, a global practice that brings together re/insurance, climate, and data expertise to focus parametric risk transfer solutions on meeting the escalating demand for climate derisking capabilities across industries, …
October 13, 2023
In a global first, Europe’s main bank regulator is revising the framework that sets capital requirements so that lenders reflect environmental and social risks in mandatory, industrywide buffers. The European Banking Authority has identified “some short-term fixes” to minimum requirements …
October 11, 2023
Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on the weather, as they seek to protect themselves against – or profit from – the increasingly extreme global climate. On …