Climate NGOs are calling on insurers to withhold coverage for a giant LNG project and hold firm to their net zero ambitions. Reclaim Finance and other organizations have sent letters to global insurers, including AXA SA, Allianz SE and Swiss …
Methane leaks have emerged as a top threat to the global climate, with the latest incident involving two Russian gas pipelines under the Baltic Sea that are at the heart of an energy crisis since Russia invaded Ukraine. Methane, the …
Banks face the risk of being sued if they don’t stick to their climate goals or try “greenwashing” their image, a top European Central Bank (ECB) supervisor said on Thursday. Major Wall Street banks have threatened to leave United Nations …
A coalition of pension funds and insurance companies that includes Allianz SE, the California Public Employees’ Retirement System and Zurich Insurance Group AG have committed to managing $7.1 trillion of assets in line with the Paris Agreement’s goal of limiting …
Non-profit OS Climate on Wednesday launched the first in a series of free tools to drive climate-friendly decision making by companies, financial institutions and governments. As a project of the Linux Foundation, a non-profit technology consortium founded in 2000 that …
Ditching investments in fossil fuel businesses—and denying them insurance—aren’t the only ways for the insurance industry to participate in the drive to net zero greenhouse gas emissions, according to representatives of global insurers and reinsurers. Even those companies that are …
Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC Luxembourg showed on Monday. Flows into ESG funds …
Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private …
Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private …
A year ago, a Dutch judge ordered Shell to slash its emissions harder and faster than planned. Victorious campaigners and lawyers declared the win would straighten up the biggest polluters and serve as a warning to others. But that hasn’t …
