Articles by Simon Jessop and Huw Jones

Fund Groups Warn Against EU Idea of Legally Defining ‘Greenwashing’

LONDON, Jan 16 (Reuters) – European Union regulators should not define greenwashing in law, fund industry groups have told the bloc’s markets watchdog, citing concerns this would complicate a sector in “constant flux.” Trillions of dollars have flowed into investments …

Call to Phase Out ‘Forever Chemicals’ Gains Investor Momentum

Investors managing $8 trillion in assets have written to the world’s biggest chemicals companies urging them to phase out the use of so-called forever chemicals that can accumulate in the environment and remain hazardous for generations. Known as PFAS, which …

African Insurers Pledge $14 Billion of Cover for Climate Disaster Risks

A group of over 85 insurers in Africa has pledged to create a financing facility to provide $14 billion of cover to help the continent’s most vulnerable communities deal with climate disaster risks such as floods and droughts. The commitment …

AXIS to Stop Insuring Energy, Mining Without Backing of Indigenous Communities

Reinsurer AXIS Capital said it would refuse to underwrite energy, mining and other projects that did not have the backing of local indigenous communities, in a move welcomed by campaigners as setting a new industry standard. The decision follows years …

Marsh Launches 1st Dedicated Insurance for Hydrogen Energy Projects

Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world’s first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in the fight against climate change. As the …

OS Climate Launches Tools to Help Firms, Investors Make Climate-Friendly Decisions

Non-profit OS Climate on Wednesday launched the first in a series of free tools to drive climate-friendly decision making by companies, financial institutions and governments. As a project of the Linux Foundation, a non-profit technology consortium founded in 2000 that …

Dutch Airline KLM Sued by Environmental Groups Over Alleged ‘Greenwashing’ Ads

Environmental groups are suing the Dutch subsidiary of Air France-KLM over an advertising campaign they allege breaches European consumer law by misleading the public over how sustainable its flights are. Dutch campaigners Fossielvrij NL, supported by environmental law charity ClientEarth …

Report Casts Doubt on Net-Zero Emissions Pledges by Big Global Companies

Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private …

Net-Zero Emissions Pledges by Big Global Companies Have ‘Credibility Gaps’: Report

Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private …

Report Casts Doubt on Net-Zero Emissions Pledges by Big Global Companies

Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private …