climate change and insurance News
Even With $1 Trillion in Climate Risks, Companies See Greater Benefits
An analysis of thousands of corporate disclosures on climate-change risks suggests that companies stand to gain more than they lose, mostly within the next five years. Some $2.1 trillion worth of ...
Two Exxon Shareholders Won’t Support Directors Due to ‘Inadequate’ Climate Change Response
Two Exxon Mobil Corp shareholders said on Friday they would withhold their support for the re-election of all ExxonMobil directors at the company's annual meeting due to the U.S. oil major's ...
Climate Change Leads to Bark Beetle Outbreak in Central Europe’s Spruce Forests
Hot, dry summers are fanning an unprecedented outbreak of bark beetles that are destroying vast swathes of central Europe's spruce forests which define the region's landscape. Draft brought on by ...
S&P Will Issue ‘Environmental, Social and Governance’ Evaluations for Insurance, Other Sectors
If you're among those who regard "environmental, social and governance" as just another in a long line of trendy buzz-phrases, then you may want to rethink. ESG standards, which companies use to ...
As Insurers Field Record Climate-Related Losses, Central Banks Push Greener Finance
With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of ...
Climate Change Is Sweeping Europe and New Satellite Photos Prove It
Climate change is picking up pace in Europe, thrusting farmers and power generators onto the front lines of a battle with nature that threatens to upend the lives of the half billion people who ...
Rockefeller Foundation Plans to Wind Down Climate Resilience Push
The Rockefeller Foundation will end funding and dismiss the staff at its 100 Resilient Cities program, the largest privately funded climate-adaptation initiative in the U.S., the foundation announced ...
Global Emissions Reach Record, Thanks to Growing Energy Demands
Carbon emissions from fossil-fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and ...