climate risk management News

Funds Demand Science-Based Emissions Targets From 1,600 Most Polluting Firms

Funds managing nearly $30 trillion in assets called on Wednesday for 1,600 of the world’s most polluting companies to “urgently” set science-based emissions reduction targets. The 220 investors, including Fidelity International and Amundi, said they had written to CEOs of …

50 Companies Worldwide Are Highly Exposed to Physical Climate Risks, Say Investors

European energy firms Centrica and Galp, food group Nestle and watchmaker Swatch are among 50 companies worldwide that are highly exposed to physical climate risks, investors with $10 trillion in assets said on Thursday. The companies, which are involved in …

Insurance Development Forum Launches Project to Build Colombian Climate Resilience

The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and supported by international organizations, has launched a program to develop a parametric flood and earthquake product, as well as indemnity landslide protection in Colombia. The IDF, …

Willis Research Network Partners with ‘Cloud to Street’ to Raise Flood Resilience

The Willis Research Network (WRN) has formed a new partnership with “Cloud to Street,” a global flood-mapping and monitoring platform that aims to help governments, humanitarian organizations and private sector actors increase resilience to catastrophic flooding. The partnership will leverage …

Municipalities Try to Reassure Investors on Climate Risks in Bond Offerings

When Miami Beach borrowed $162 million from Wall Street this week, it wanted investors to know rising seas and extreme weather are a real risk to the city and that it’s doing something about it. An increasing number of states …

Supply Chains Thwart Climate Risk Management for 75 Major Companies: Report

Goldman Sachs Group Inc., Coca-Cola Co. and 73 other companies that together buy more than $2 trillion of goods and services are unprepared for climate shocks because suppliers are ignoring requests for data on their exposure to rising temperatures and …