Financial Services Firms Face Losses of $225B From Variety of Water Risks: Report May 5, 2022 By Simon Jessop and Tommy Wilkes Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing...
Allianz Plans to Take Harder Line on Insuring Fossil Fuel Industry to Meet Climate Goals May 3, 2022 By Simon Jessop and Carolyn Cohn Europe’s biggest insurer Allianz plans to take a harder line on insuring the oil and gas industry as part of...
Credit Suisse Investors Push for Faster Climate Action April 26, 2022 By Simon Jessop and Brenna Hughes Neghaiwi A group of Credit Suisse investors pushing for faster climate action at the Swiss bank has more than doubled in...
As Climate Disclosures Toughen, Corporate Laggards May Be Vulnerable to Lawsuits April 13, 2022 By Kirstin Ridley and Simon Jessop A push by Britain to toughen up corporate environmental disclosures will cast a spotlight on climate change dawdlers as campaigners...
Amazon Faces Shareholder Vote on Treatment of Warehouse Workers April 7, 2022 By Simon Jessop Follows SEC backing for vote after guidance change Filed by retail activist platform Tulipshare Amazon.com Inc., the world’s biggest retailer,...
Swiss Re to Reduce Cover for Oil, Gas Operations March 18, 2022 By Simon Jessop Swiss Re, the world’s second biggest reinsurer, said it would increase the number of oil and gas producers for which...
Group Vows to Hold Shell Directors Personally Liable for Alleged Climate Plan Failure March 16, 2022 By Shadia Nasralla, Kirstin Ridley and Simon Jessop LONDON — Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell over the...
Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia March 14, 2022 By Tom Sims, Simon Jessop and Paul Arnold Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their...
Environmental Groups Sue TotalEnergies Over Climate Marketing Claims March 7, 2022 By Simon Jessop, Gloria Dickie and Benjamin Mallet A group of environmental organizations has filed a lawsuit in France against the country’s largest energy company TotalEnergies, accusing it...
French Insurer CNP to Stop Financing New Oil/Gas Projects to Help Limit Global Warming February 17, 2022 By Simon Jessop France’s CNP Assurances CNPP.PA will no longer finance new oil and gas projects or invest more money in companies planning...