sustainability News

Britain Sets Out Next Steps to ‘Green’ its Financial System

Britain’s finance ministry set out plans on Thursday to meet its target of becoming the world’s first net-zero aligned financial center, proposing measures to stamp out so-called greenwashing in financial markets and channel cash into sustainable projects. The ministry said …

G20-Backed Standards Body Approves First Global Company Sustainability Rules

The G20-backed International Sustainability Standards Board on Thursday approved “global baseline” rules for firms disclosing how climate change affects their business, after calls to curb greenwashing in a “pivotal” year for climate reporting. Subject to ‘balloting’, or standard checks before …

EU Lawmakers Want to Extend Reach of Draft ESG Oversight of Corporations

A panel of European Union lawmakers on Thursday backed an amendment to extend the reach of groundbreaking draft legislation to force companies to check whether their suppliers use slave or child labor, or pollute the environment. The EU’s executive European …

CEOs Face Challenge Over Sluggish Climate Efforts

A return to Davos by corporate titans and their bankers after recent record Alpine temperatures has turned a spotlight on just how quickly they are moving to rein in carbon emissions. The number of organizations pledging to get to net-zero …

People Moves: TigerRisk Taps RenRe’s Everdell to Lead Casualty; HUB Promotes Chandani for Hospitality Specialty; Fidelis Names Brindle as Head of Sustainability

This edition of International People Moves details appointments at two brokers, TigerRisk and Hub International, and the insurer Fidelis. A summary of these new hires follows here. TigerRisk Taps RenRe’s Everdell as Head of Casualty, Global Accounts TigerRisk Partners LLC, …

New Global Standard Setter for Corporate Sustainability Drafts 1st Guidelines

A new global standard setter for company sustainability reporting set out its first draft guidelines on Thursday [March 31], entering a crowded field as trillions of dollars pour into investments marketed as “green.” The International Sustainability Standards Board (ISSB) published …

Maryland Is Fifth U.S. State to Join the International Sustainable Insurance Forum

Consistent with Governor Larry Hogan’s commitment to address and mitigate the effects of climate change, the state of Maryland has joined the Sustainable Insurance Forum (SIF) of the United Nations Development Program (UNDP). The UNDP SIF is a global network …

People Moves: Carpenter Names Willis Re’s Harden President of APAC; HUB Appoints Stait to Lead Canada Cannabis Specialty; Riega Is Fidelis’ Head of Sustainability

This edition of International People Moves details appointments at Guy Carpenter, HUB International and Fidelis Insurance. A summary of these new hires follows here. Guy Carpenter Names Willis Re’s Harden as President of Asia Pacific Guy Carpenter & Co., the …

New Global Board for Corporate Sustainability Standards Gets Heavyweight Advisers

Former European Central Bank President Jean-Claude Trichet will head an advisory group on setting up a global board for sustainability-related company disclosures, the IFRS Foundation said on Monday. The new International Sustainability Standards Board (ISSB), due to be unveiled ahead …

California Commissioner Launches Database of Green Insurance Products

California Insurance Commissioner Ricardo Lara on Tuesday formally launched the Climate Smart Insurance Products Database, what is being touted as “the first-ever consumer-oriented list of green insurance policies.” The California Department of Insurance has developed the database to help the …