net zero emissions News

Swiss Re Announces Net-Zero Climate Targets in Underwriting, Investments

Swiss Re announced new measures to support the transition to a net-zero economy by 2050, which encompass re/insurance underwriting, asset management and its own operations. “Climate change remains the biggest challenge we face as a society. The stakes are high …

AIA Cuts Coal Investments as Scrutiny Grows on Financial Firms’ Carbon Assets

AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The Hong Kong-based insurer said it decided to end all direct equity investments in coal mining and coal-fired power producers earlier …

Coal Financing Drying Up as More Countries Target Zero Carbon Emissions

TOKYO – Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping the world, participants at Asia’s biggest gathering of the coal industry said on Tuesday. The …

Britain’s Green Finance Strategy Could Mandate Corporate Climate Risk Disclosure

British public companies and pension funds may have to publish by 2022 what risks their businesses face from climate change under a new so-called green finance strategy. Britain last week became the first G7 country to sign into law a …