Australian pension fund to exit coal amid climate announcements
Australian pension fund First State Super has outlined a number of climate change actions and targets, including exiting thermal coal, as it urged other Australian pension funds to do the same.
Insurers' oil and gas activities to be next under spotlight
Re/insurers around the world should limit their support for oil and gas projects and have until mid-September to explain the measures they are taking to reduce exposure to the sector, according to environmental NGOs.
Many insurers still lack sustainable underwriting policies
Re/insurers shared tips on setting up frameworks for incorporating environmental, social and governance risks in underwriting at a recent UNEP PSI webinar. Cintia Cheong reports
Majority of Europe's largest companies still 'failing' in climate reporting
In 2019, more than three quarters of Europe's largest companies were not adequately reporting climate and environmental risks, according to the Climate Disclosure Standards Board (CDSB).
Allianz tightens coal exposure policy
German insurer Allianz plans to exclude companies from its property and casualty (P&C) insurance portfolios which fail to present "a credible transition strategy away from coal".
Insurance, pandemics and climate change
Insurers have long been aware of the risks of a global pandemic, but have failed to act. They mustn't make the same mistake on climate change, Peter Bosshard writes
UN calls for investor action in coronavirus response
The UN has called for some of the world's largest investors to join efforts to tackle the coronavirus pandemic, to respond to what it says is the greatest test since the organisation was founded, and to help "rebirth society as we know it".
European re/insurers at forefront of fossil fuel withdrawal, Moody's reveals
Axa, Allianz, Swiss Re, Munich Re and Zurich have made greater progress than their global peers in reducing exposure to fossil fuels and thermal coal in particular, according to a Moody's Investors Service report.
AllianzGI reveals ESG push in 9,532 company meetings last year
Allianz Global Investors (AllianzGI) put its weight behind better environmental, social and governance (ESG) policies in 9,532 meetings with companies it part-owns in 2019, it has revealed.