A Canadian financial regulator released draft guidelines on Thursday to mitigate the risks of climate change as the country’s financial institutions prepare for mandatory disclosures starting in 2024. The guidelines, issued by the Office of the Superintendent of Financial Institutions …
DAVOS, Switzerland – NN Group NV expects to accelerate its deadline to exit coal investments, now set at 2030, due to fears about Europe reverting to burning the fossil fuel, the Dutch insurer’s CEO David Knibbe said on the sidelines …
Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges …
Insurer AXA and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro ($1.06 billion) regenerative agriculture fund to be managed by Tikehau Capital, the three groups said on Wednesday. The companies each …
The world needs to speed up decarbonization and not let a focus on energy security in the wake of Russia’s invasion of Ukraine derail the drive to a low-carbon economy to avert disastrous climate change, leading climate envoys said on …
The British government should practice what it preaches on net-zero emissions, according to insurer Aviva Plc and conservation group WWF. Having said last year that UK-based companies must detail how they will deliver on their 2050 emission-reductions goals, the government …
Europe’s biggest insurer Allianz plans to take a harder line on insuring the oil and gas industry as part of efforts to align its underwriting policies with the world’s climate goal, the company said on Friday. The move is the …
The rise in demand for coal following Russia’s invasion of Ukraine is a setback to reaching a net-zero economy by 2050 but will also help bolster investment in renewable energy, a Bank of England (BoE) policymaker said on Tuesday. Elisabeth …
The business opportunities provided by the global transition to net zero is potentially large enough to double the size of the London insurance market, according to the London and International Insurance Brokers’ Association (LIIBA). An analysis by the UK broker …
A group of Democratic lawmakers, mostly members of the Congressional Progressive Caucus, have asked some of the nation’s biggest insurance companies to stop underwriting new fossil fuel projects that contribute to climate change. New York Representatives Mondaire Jones and Alexandria …
