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Environmental group targets UK insurers over climate risk management
06 August 2018Three major UK insurers have been accused of failing to take into account climate risks in their business models by environmental pressure group ClientEarth.
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Don't regulate us on climate change, say insurers
27 July 2018Watchdogs should not create a separate sphere of rules for insurers to combat the risks of climate change, underwriters have told the peak global supervisory association.
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90% of Green Finance Summit participants vote for mandatory TCFD
19 July 2018There was 90% support for making the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) mandatory within five years, according to a poll of the audience at the Green Finance Summit in London.
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Climate reference in UK pensions legislation would be ‘unhelpful’, argues PLSA
19 July 2018A UK government proposal to require pension trustees to include climate change in their Statement of Investment Principles (SIPs) is misguided and could create more problems than it solves, according to a trade association.
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Make climate risk reporting mandatory by 2022, says UK parliamentary committee
04 June 2018Asset owners and large companies based in the UK should be forced to report their exposure to climate-related risk within four years, the country's government has been told.
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The beginning of the end for coal investment and underwriting
30 April 2018Insurers 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
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Lloyd's criteria for coal divestment fall short, say activists
03 April 2018Lloyd's of London will not invest in companies that get 30% or more of their revenues from coal, generate 30% or more of their electricity from coal, produce 20 million tonnes of coal a year or operate 10GW or more of coal-fired power stations, climate activists said today.
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Climate-related disclosure: a new dawn
21 March 2018Numerous developments are helping to drive improvements in corporate reporting of non-financial issues and to raise investor expectations, says Adams Koshy.
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"Poor" climate risk practice puts pensions at risk, claims report
06 March 2018Millions of pension savers in the UK are at risk of significant losses due to lack of action from pension providers and their regulator on climate risk, a report has claimed.
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UK parliament to weigh merits of making TCFD mandatory
14 January 2018An independent audit committee is to examine whether the recommendations of the FSB's Task Force on Climate-related Financial Disclosures (TCFD) should be made mandatory by the UK government.