Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • Lengthy Government Shutdown to Impact Insurers
  • FEMA, Customs and Border Protection Staff Data Stolen
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

Finance Firms Managing $136T in Assets Urge Boards for More Environmental Data

By Virginia Furness and Simon Jessop | March 13, 2023
Email This Subscribe to Newsletter
  • Article

Financial institutions managing $136 trillion in assets will this week call on companies to share more data on their environmental impact, the chair of disclosure platform CDP told Reuters.

In a letter to the boards of over 15,000 companies, 746 financial institutions – including BlackRock, Fidelity International, Aviva and the Canada Pension Plan Investment Board (CPPIB) – will ask companies to report on issues including climate change, deforestation, water security and biodiversity.

The letter to companies, and its questionnaire, is an annual event, but the number of financial institutions joining the initiative is the biggest ever this year, CDP said.

Canada Financial Watchdog Sets Rules for Insurers, Banks on Climate Risk Disclosure

For the first time, the questionnaire will also ask companies about plastics-related business risks, for example around packaging, and how they are addressing them.

“Consistent, decision-useful information is critical for investors to evaluate and assess the potential impacts of climate-related risks and opportunities on a company’s performance,” Richard Manley, chief sustainability officer at the Canada Pension Plan Investment Board, said in a statement.

The initiative is coordinated by environmental non-profit CDP and the data collected, as well as being used by the customers of companies and their investors, also helps underpin financial products such as indexes.

“Last year, we had 18,700 major corporations reporting to us, this year we expect considerably more,” Paul Dickinson, founder chair of CDP, said.

The increase in demand for more information from companies comes as regulators across the world begin to mandate some form of disclosure in law, including the European Union and Britain. The United States is expected to announce similar measures in April.

Founded in 2000, CDP’s work informs global climate reporting frameworks including the G20-backed International Sustainability Standards Board (ISSB), which aims to set a global standard for firms disclosing how climate change affects their business.

(Reporting by Virginia Furness and Simon Jessop; editing by Susan Fenton)

Related:

  • Glut of Plastic Polluting World’s Oceans Is Growing Fast: Research
Copyright 2025 Reuters. Click for restrictions.

Topics Talent Pollution

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

Adobe stockHanover Must Pay Rock Singer $2M in Case of Studio Arson, Court Says
Viewpoint: Gen AI Offers a New Frontier in Claims Modernization
Transportation Department Tightens Noncitizen Truck Driver Rules
Gallagher Sues Two Former Brokers Who Started Own Firm

Written By Virginia Furness

More From Author

Written By Simon Jessop

More From Author

Interested in Hr?

Get automatic alerts for this topic.

Email This Subscribe to Newsletter
  • Categories: International & Reinsurance NewsTopics: Climate Change, Climate disclosure, climate reporting, environmental social and governance (ESG) criteria
  • Have a hot lead? Email us at newsdesk@insurancejournal.com
More News
ALDOI to Hold Hearing on Planned ProAssurance Merger with FD Insurance
All Injured in Deadly NC Waterfront Bar Shooting Released from Hospital
Markets/Coverages: HSB Launches Cyber Risk Solution for SMEs in UK and Ireland
Charlie Javice Duped JPMorgan Out of $175 Million. The Bank Is Picking Up Her Legal Tab
More News Features

Read This Next

  • Finance Firms Managing $136T in Assets Urge Boards for More Environmental Data
  • With Capital Aplenty and Power of AI, Commercial Lines Promises Opportunity: Willis
  • EPA Wants to Roll Back Super Pollutant Rules
  • Death and Insurance (Not Taxes), Part 2
  • Hanover Must Pay Rock Singer $2M in Case of Studio Arson, Court Says

Insurance Jobs

  • Customer Service Agent – Personal Lines - Bethlehem, PA
  • Senior Insurance Agent (3+ Yrs P&C Exp | W-2 | Warm Leads | In-Office Only) Senior Insurance Agent (3+ Yrs P&C Exp | W-2 | Warm Leads | In-Office Only) - Westminster, CO
  • Claims Manager, Insurance & Risk Management - Queens, New York
  • Cloud DevOps Engineer - Remote, IL
  • Direct Sales Agent Specialist (1285) - Saint Petersburg, FL
MyNewMarkets
  • How to Attract the Next Generation to Insurance
  • 5 Evolving Trends Shaping Architects and Engineers Coverage
  • Rethinking Assault & Battery Liability in Commercial Real Estate
  • From Golf Greens to Sausage Fests: The Wild World of Prize Insurance
  • As Schools Prepare to Pay Athletes, What Role Will Insurance Play?
Claims Journal
  • Jaguar Land Rover Bailout Shows Rising Cost of Cybercrime
  • Chobani Urges End to Dannon Parent's Cold-Brew Coffee Lawsuit
  • J&J Must Pay $966M After LA Jury Finds Company Liable In Talc Cancer Case
  • Toyota Recalling 394K Vehicles for Rearview Camera Issue, NHTSA Says
  • Vietnam Capital Flooded Again After Storm Matmo Sweeps In
Academy of Insurance education
  • October 9 Forward Into The Past: Certificates of Insurance, Additional Insureds, and Other Contractual Risk Transfer Issues
  • October 16 Auto Insurance: You Get What You Pay For
  • October 23 Gotchas That'll Getchya - Latest Policy Language That'll Get You Sued
  • October 30 Challenges in Agency Mergers – Reducing Staff Flight and Avoiding E&O Claims

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2025 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map