US Treasury Drops Plan to Collect Insurer Data on Climate Risks March 8, 2024 The US government is stepping away from its effort to collect data on home insurance prices and availability at the...
Europe Faces 3C of Global Warming. Here’s How It Plans to Cope. March 8, 2024 By John Ainger Europe will be 3C hotter even if the world succeeds in limiting global warming to 1.5C above pre-industrial levels, bringing...
Money Managers Try to Put a Price on Climate Risk. It’s Not Easy. February 8, 2024 By Lisa Pham and Ishika Mookerjee When investors contemplate risk, it’s straightforward to think about measurable economic shifts like rising interest rates, inflation and sales trends....
Australia Settles Lawsuit Over Climate-Related Systemic Risks to Sovereign Bonds August 31, 2023 The Australian government has agreed to settle a class action lawsuit which alleged it had failed to disclose climate change-related...
Investors Call on Proxy Adviser ISS to Overhaul its Net-Zero Proxy Advice August 31, 2023 By Tommy Wilkes and Simon Jessop More than 30 investors have called on proxy advisor ISS to improve the guidance it gives to clients wanting companies...
Financial Services Firms ‘Largely Blind’ to Exposures From Nature-Related Risks: Report August 17, 2023 By Alastair Marsh Most financial firms aren’t assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate...
Ratings Firms Struggle With Climate Risk in $133 Trillion Market August 3, 2023 By Gautam Naik With 46 straight days of 100-degree heat and coastal waters approaching hot-tub temperatures, Miami can seem like a clear example...
EU Companies Get New ESG Rules Aimed at Addressing Climate Risks July 31, 2023 By Frances Schwartzkopff Tens of thousands of companies operating in Europe face new requirements to report their operations’ ESG impacts as the European...
State Regulators Need to Improve ‘Fragmented’ Efforts to Assess Insurers’ Climate Risks: FIO June 28, 2023 By Chad Hemenway The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and...
EU Banks Expand Risk Models to Better Prepare for Climate-Change Fallout June 23, 2023 By Frances Schwartzkopff European banks are building out their risk models to better prepare for the fallout from climate change, with some even...