Container Shipping Giant Maersk Speeds Up Decarbonization Target by a Decade January 14, 2022 COPENHAGEN – Container shipping giant A.P. Moller-Maersk now plans to achieve net zero emissions in its business by 2040, a...
Global Shipping Industry Faces Growing Pressure to Cut Greenhouse Gas Emissions December 28, 2021 By Jonathan Saul Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the...
Leading Marine Re/Insurers Join Push to Decarbonize Global Shipping December 15, 2021 Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon...
Hong Kong’s AIA Group Sells Nearly $10 Billion of Coal Investments December 7, 2021 By Denise Wee AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure...
Update: Zurich Insurance Will No Longer Underwrite New Oil Exploration Projects November 18, 2021 Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an...
Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock November 15, 2021 By Simon Jessop and Ross Kerber GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the...
AXA’s Investment Arm to Divest Oil and Gas Climate Laggards After Three Years November 8, 2021 By Simon Jessop and Tommy Wilkes GLASGOW – The fund arm of French insurer AXA said on Monday it would take a tougher line with oil...
Business Execs Optimistic COP26 Will Bring Changes Needed to Tackle Climate Change November 8, 2021 By Ross Kerber and Simon Jessop A week into the United Nations’ high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the...
COP26 Coal Pledge Falls Short on Support From Big User Countries as Emissions Surge November 5, 2021 By Kate Abnett and Elizabeth Piper GLASGOW – A pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference...
EU Regulator Says Insurers Could Face Climate Stress Tests as Soon as 2023 November 4, 2021 By Carolyn Cohn and Huw Jones LONDON – Insurers could face European climate stress tests as soon as 2023, the head of the EU’s insurance regulator...