ESG Risk Review
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EU Parliament adopts directive to stop environmental and human abuse
The European Parliament has adopted its position for negotiations with member states on rules to integrate human rights and environmental…
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Climate activists accuse US insurers’ largest shareholders of inaction
Climate activists have accused the largest shareholders of certain US insurers of failing to hold the companies to account over…
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UN backs NZIA collaboration but 11 members have now quit
The UN said “there is a fundamental and urgent need for collaboration” in the insurance and reinsurance industry to tackle…
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Increased climate-related claims activity in UK and Europe expected
The UK and Europe are expected to see increased activity in certain new types of climate-related claims, according to Lydia…
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Allianz, Scor and chair AXA exit NZIA
Three more European insurers, AXA, Allianz and Scor, left the Net Zero Insurance Alliance (NZIA) yesterday after weeks of speculation…
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Scor reveals new sustainable underwriting commitments on oil, gas and coal
Scor has announced new sustainable underwriting commitments, including policies on gas, Arctic oil and gas, oil sands, and coal. But…
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Spanish risk managers welcome positive aspects of ESG
Spanish risk managers say that they are getting increasingly involved with the adoption of ESG principles by their companies, and…
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European business faces further liability with new product safety rules
The EC has formally published the new General Product Safety Regulation (GPSR), which reforms a variety of product safety rules for manufacturers…
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Dutch government warns 3M of liabilities over forever chemical pollution
The Dutch government has notified US conglomerate 3M that it could be held liable for polluting a river with PFAS,…
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Climate litigation grows into financial risk for major carbon emitters, finds Grantham study
Climate litigation shaves an average 1% from the value of listed US and European corporations, according to Grantham Research Institute,…
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Swiss Re latest to quit Net-Zero Insurance Alliance
Swiss Re is the latest high-profile member to leave the UN’s Net-Zero Insurance Alliance (NZIA) in the face of growing…
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AXA XL creates new head of energy transition role
AXA XL has appointed Vicky Roberts-Mills as head of energy transition to help clients as they transition to net zero.…
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Register for the new ESG Risk Review newsletter
Commercial Risk’s ESG Risk Review is a new information service covering Environmental, Social and Governance (ESG) issues, aimed primarily at…
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Aon launches Singapore climate innovation hub
Aon has launched a new climate innovation hub in Singapore, supported by the Singapore Economic Development Board (EDB). Aon said…
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Measuring ESG is key to managing the risk
Risk managers have nothing to fear from ESG, and in fact they are already managing such risks and playing an…
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European Council adopts new deforestation law
The European Council has given the final go-ahead to a regulation designed to minimise the risk of deforestation and forest…
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Why ESG matters for risk managers
ESG – it’s quite the buzzword and evokes a range of reactions from necessity and reality to ‘wokery’. But leaving…
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Risk managers to the fore on ESG
Tony Dowding, editor of ESG Risk Review, speaks with Penny Seach, group chief underwriting officer, Zurich Insurance Company, about what…
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Growing ESG risks means greater role for risk managers
As ESG gains greater prominence, so awareness of the risks involved and the need to manage and mitigate is also…
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Sustainability needs uniformity argue Portuguese risk managers
Insurers are increasingly taking into account the sustainable credentials of their customers, but there is still a lack of uniformity…