Archive

Swiss Re heralds carbon sequestration industry as big as oil and gas sector

But reinsurer acknowledges long-tail liabilities of insuring CO2 storage

Sustainable underwriting is more arduous than sustainable investment

Axa, Zurich and Aviva discussed their journeys to carbon neutrality at the IDF Summit this week, and how they will meet their commitments to net-zero underwriting. Cintia Cheong reports

Green Bond Principles tightens 'key' recommendations to reflect market best practice

Three years after the last update, the widely adopted Green Bond Principles has received a raft of updates to bring it in line with the developing best practice in the global sustainable bond market. Ahren Lester reports

Banks with $29trn in assets pledge to set 2050 'net zero' targets

A group of banks with about $28.5 trillion in assets has joined a UN-convened 'Net Zero Banking Alliance', and in doing so pledged to "align operational and attributable emissions from their portfolios with pathways to net-zero by 2050 or sooner".

News round-up: Positive Money, Folksam, Zurich, MUFG

Zurich sets equity, corporate bonds and real estate CO2 reduction targets

Don't wait for regulation to act on climate, EC director tells insurers

While insurers want policy makers' help to tackle climate change, they have been told not to wait for regulation to act. Meanwhile, climate activists have urged regulators and legislators to step in, as they have no confidence in the industry's ambitions

Climate transition: insurers should lobby government and engage corporates

Insurers have made progress on investment side but more effort needed in underwriting, Zurich head of sustainability says

Zurich Insurance moves to non-financial impact targets

Zurich Insurance Group has removed monetary targets from its impact strategy, as it passed a goal it previously set itself to invest $5 billion in impact instruments.

ESG in Fixed Income Europe 2020 conference: Day one round up

The annual conference is being held virtually this year and attracted over 600 delegates on its first day