AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. “It is our belief at AXIS that [insurance/reinsurance] industry needs to move to the forefront of the …
By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’ Retirement System, intend to have cut the emissions of their portfolio holdings by at least 25%. The targets, which cover …
Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going greener, according to Boston Consulting Group (BCG). Shipping, which transports about 90% of world trade, accounts for nearly 3% …
Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed to help clients manage their exposure to the evolving risk of wildfire across Europe. The solution builds on the approach …
Around half of companies assessed have begun to apply globally agreed climate-related disclosure standards for helping investors to pick firms committed to sustainability, regulators said on Thursday. A task force set up by the Financial Stability Board – which groups …
French insurer AXA said on Thursday it will invest 1.5 billion euros ($1.74 billion) to support sustainable forest management as part of new commitments to fight deforestation and preserve biodiversity. The announcement comes a day after more than 100 countries …
England will be hit hard by floods like those that devastated Germany this summer if the country does not improve its defense against more extreme weather brought by climate change, a governmental agency said Wednesday. In a report, the Environment …
The aftermath of Hurricane Irma has left deep scars in the tiny island nations that were in the path of the Category Five storm just before it slammed into Florida. The toll in Antigua and Barbuda added up to more …
Financial services groups responsible for more than $90 trillion in assets on Monday called for the leaders of the world’s largest economies to push through “clear, credible and ambitious” policies to battle climate change. The Glasgow Financial Alliance for Net …
When weather disaster strikes, observers near and far ask the same question: Climate change—is it or isn’t it? The simplest answer, yes, lacks specificity. All weather is a joint human-nature venture, because we’ve made the atmosphere hotter than it’s been …
