Allianz to halt investments in new oil and gas fields
And will require 'net-zero by 2050' commitment from hydrocarbon producers
German insurers are risking their climate credibility
By continuing to do coal business on the side and insuring new oil and gas projects, German insurers are putting their climate credibility at risk, warn Peter Bosshard and Regine Richter
Environmentalists highlight shortfalls in Allianz's climate targets
Calling on divestment from polluting companies and greater details on engagement strategy
Deutsche Bank's tightened fossil fuel policy judged 'unambitious'
Deutsche Bank has tightened its fossil fuel policy to include exiting from coal mining investments by 2025, strengthening its stance towards coal power and restricting oil and gas sector financing - but campaigners continued to criticise the lender for its lack of ambition.
Talanx's new coal policy 'does not rule out insuring new coal plants', warns NGO
Talanx would not be prevented from underwriting new coal plants in Poland and Vietnam under its recently announced policy on the fossil fuel, an NGO has claimed.
Hannover Re defends coal investing
Reply to criticism comes on heels of Vienna Insurance Group's own defence
Munich Re tightens coal divestment policy
The CEO of Munich Re has announced a new climate and divestment policy for the German reinsurer, in a guest article for German newspaper Frankfurter Allgemeine Zeitung.
Hannover Re is latest insurer to 'exit coal'
Hannover Re is set to become the latest reinsurer to sell some of its coal-related investments.
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.