New report aims to help companies disclose physical climate risks
The disclosure of physical climate risks has received less attention than reporting transition climate risks, it was claimed at the launch of a report that aims to help redress the balance.
Aviva under fire for taking only "baby steps" to move away from coal
Aviva has become the latest insurer slammed by the Unfriend Coal network, a coalition of non-governmental organisations (NGOs) that targets insurers facilitating fossil fuel extraction, for investing in the coal sector.
Japan life insurer in landmark move to end new coal financing
Japan’s Dai-ichi Life Insurance has said it will end new project financing for overseas coal power plants, in a landmark decision among Japanese financial institutions.
Allianz to walk away from coal by 2040
The world’s biggest insurer, Allianz, said it will turn its back on coal by 2040, both in its underwriting and investment arms.
The beginning of the end for coal investment and underwriting
Insurers have made efforts to disengage themselves from the coal industry on both sides of the balance sheet, but climate activists say they could do more. Cintia Cheong and Nick Roumpis examine the latest developments
Axa eyes further divestments from carbon-intensive energy
Axa became the second major European insurer in as many weeks to address the contentious topic of underwriting fossil fuel production at its annual results.
50 names to be added to Climate Action 100+ engagement hit list
50 more corporates are to be added to the $28 trillion Climate Action 100+ initiative's list of targets for climate-related engagement.
Allianz sees dialogue as means to reach 'zero coal'
Underwriter was forced to defend insuring fossil fuels at full-year results
Insurers slammed for backing Polish coal plants
Allianz, Munich Re and Generali have been criticised for their involvement in a new coal power plant in Poland, while Axa and Aviva are also under fire for the limitations of their coal divestment policies.
Allianz, KB Financial and Westpac named sustainability leaders
German insurer Allianz, Korean bank KB Financial and Australia's Westpac Banking Corp are the top financial sector performers in terms of corporate sustainability, according to Swiss asset manager RobecoSAM.