More Insurers Weigh Joint Strategy to Climate Change as They Assess Antitrust Risk May 5, 2023 By Alastair Marsh Insurers are being forced to rethink their approach to climate change as they assess the risk of being sued for...
Hannover Re Latest Company to Leave Net-Zero Insurance Alliance April 19, 2023 By Tom Sims and Simon Jessop German reinsurer Hannover Re on Wednesday became the third major company to leave a global climate alliance focused on reducing...
Zurich Exits Insurance Climate Alliance, Days After Munich Re April 6, 2023 By Alastair Marsh Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second...
Companies That Form Global Climate Alliances Need Antitrust Guidance: Experts April 5, 2023 Global companies that form alliances to help them to tackle climate change need clear “safe harbor” guidelines from governments to...
Leading Investor Group NZAOA Toughens Stance on New Upstream Oil & Gas Projects April 3, 2023 The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday [March 29] it expects members to make no new direct...
Munich Re Exits Insurance Climate Group, Citing ‘Material’ Legal Risks April 3, 2023 By Laura Malsch and Alastair Marsh Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says...
Coalition of Insurers, Pension Funds Commit $7.1 Trillion to Support 1.5°C Climate Goal September 20, 2022 By Alastair Marsh A coalition of pension funds and insurance companies that includes Allianz SE, the California Public Employees’ Retirement System and Zurich...
Investors, Including Allianz and Swiss Re, Urge U.N. to Create Plan for Farm Emissions June 9, 2022 By Simon Jessop and Gloria Dickie Investors managing $14 trillion have urged the United Nations to create a global plan to make the agriculture sector sustainable...
World’s Largest Asset Owners Pledge to Halve Emissions in Portfolios by 2030 January 25, 2022 By Simon Jessop A group of the world’s largest asset owners managing $10.4 trillion said on Tuesday they would step up their response...
Asset Managers, Including Allianz, to Cut Portfolio Emissions by at Least 25% by 2025 October 21, 2021 By Alastair Marsh By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’...