A new report from a climate activist group portrays a “mixed picture of progress and persistent challenges” in the insurance sector in addressing climate-related risks, with some insurers successfully integrating climate-related risks and others leaving “significant gaps and disparities.” The …
Manmade warming has increased the prevalence and severity of concurrent drought and heat events, also termed hot droughts, across Western North America in the 20th-21st century, a new report shows. The authors of the report developed the Western North American …
The coronavirus pandemic demonstrates in the clearest terms why central banks must take a bigger role in fighting climate change even if the issue at first appears unrelated to monetary policy, European Central Bank board member Isabel Schnabel said. Initially …
In spite of the U.S. withdrawal from the global climate change accord hammered out in Paris a year earlier, green bond issuance around the world reached $155.5 billion in 2017, a new report shows. That figure surpassed the initial, and …
This is the first of a two-part column on green bonds. The second installment will include interviews with Axa, QBE and Zurich. Ahead the United Nations Climate Change Conference in Paris in December, also called COP21 or CMP11, there are …
Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth advisers just starting to tune into the securities. Right now, …
Nearly one-in-five major investors in green bonds issued by one of the world’s largest players in that market is coming from the insurance industry. If you haven’t heard much about green bonds and insurance investments up to now, you probably …
Zurich Insurance Group AG, Switzerland’s biggest insurer, said it will spend as much as $1 billion on green bonds, making it the largest investor in such clean-power securities. The insurer has appointed BlackRock Inc., the world’s biggest money manager, to …
