Social Responsibility
Climate Change Law for Financial Firms Introduced in New Zealand, a Global First
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate ...
AIG, Lemonade, Among Insurers Who Signed Letter Opposing Laws Restricting Voting Rights
A handful of insurance industry executives signed a letter from hundreds of major companies, corporate leaders and celebrities released on Wednesday stating opposition to laws restricting voting ...
Global Regulators Pressured to Refine Climate Change Risk Rules for Banks
Global banking rulemakers need to undertake further analysis to clarify if lenders need to build up bigger capital buffers to cover possible environmental risks, the Swiss-based Basel Committee of ...
Insurance Industry Promotes Philanthropic and COVID Relief Initiatives
The insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives at a recent media event. ...
UN Sustainable Investment Group Reviewing Liberty Mutual Membership Over Coal Mine Controversy
UNPRI, a United Nations-backed network that promotes sustainable investment, is reviewing the status of Liberty Mutual as a signatory after receiving a complaint that the U.S. insurer is backing a ...
Experts Say Insurers Focusing on Diversity, Inclusion Have No Time to Waste
Diversity and inclusion initiatives are vital for insurers that want to close the talent gap and tackle any branding issues the industry faces, and there is no time to waste. That's according to ...
G20 Companies Will Face Common Disclosure Requirements on Climate Change Risks
G20 companies will face common disclosure requirements on climate change risks under plans by the Financial Stability Board, which coordinates financial rules for the group. In the latest sign of how ...
Catastrophe Bonds: The Next Frontier for Socially Responsible Investing
Catastrophe bonds are being hailed as the next frontier for socially responsible investing. Such debt, which insures against natural disasters such as hurricanes, earthquakes and pandemics, is ...