News

• Moody's launches ESG risk tool for P&C insurers

  07 September 2022

  Global risk assessment firm Moody's has worked with specialty re/insurer Chaucer to launch a tool to help property and casualty insurers integrate environmental, social and governance (ESG) risk ...

• Council of the EU approves De Cambourg as chair of EFRAG sustainability reporting board

  07 September 2022

  The Council of the EU (the Council) has endorsed Patrick de Cambourg to become chair of EFRAG sustainability reporting board (SRB).

• Moody's proposes transfer of SPO business to credit rating unit

  07 September 2022

  Moody's has proposed to transfer its sustainable finance second-party opinion (SPO) business to its credit rating unit, whilst it also requested feedback on its updated SPO assessment and scoring framework.

• NGFS targets wider use of scenarios after release of third iteration

  07 September 2022

  Climate scenarios for central banks and supervisors have been updated to include national 'net zero' commitments at the COP26 climate conference in Glasgow, ahead of a move to broaden the potential application of the scenarios to private financial institutions.

• Australia needs policy change to tackle 'critical risks to natural capital', says Pollination

  06 September 2022

  Significant changes in government policy and business practice are required to address Australia's "critical" natural capital risks, Pollination has said.

• HESTA warns four energy firms of potential climate-related divestment

  06 September 2022

  HESTA has warned four energy firms they face heightened scrutiny and potential divestment due to their lacklustre decarbonisation strategies, as the Australian pension fund announced a strengthened 2030 decarbonisation target.

• G7 companies heading for 2.7°C of warming, says CDP

  06 September 2022

  Companies based in the G7 are collectively aligned with a scenario that would see 2.7°C of global warming, according to analysis of their emissions reduction targets by CDP.

• Nature risks 'neglected' in insurer underwriting

  06 September 2022

  Nature-related risks are being neglected in the insurance sector's underwriting activities due to a lack of awareness and understanding, a report has said.

• GIIN impact benchmark gives 'competitive edge', says DWM

  05 September 2022

  Developing World Markets (DWM) credits an investor comparison tool with giving it a 'competitive edge' after using it to scale up capital in different regions.

• NBIM urges Japan to adopt global human rights disclosure standards

  05 September 2022

  The manager of the NOK11.9 trillion ($1.2 trillion) Norwegian sovereign wealth fund has urged Japanese policymakers to encourage companies to provide human rights disclosures...