SRR Analysis
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Businesses slowly waking up to nature risk
Businesses are not yet accounting for nature’s value to its operations or for the risks that biodiversity loss exposes them…
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Better data and modelling required to support adaptation plans
It was recently revealed that just 35% of companies have disclosed they have a plan to adapt to the physical…
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The growing threat of extreme weather to global renewables
Sustainability Risk Review talks to Josh Shimali, head of onshore underwriting, GCube, about the growing nat cat risk for renewables…
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BusinessEurope paper flags challenges from Corporate Sustainability Due Diligence Directive
BusinessEurope has published a paper highlighting the Single Market challenges posed by the Corporate Sustainability Due Diligence Directive (CSDDD) in…
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Dealing with the lack of consensus on sustainability
The global consensus over climate change and the need for net zero transition is beginning to fall apart, particularly with…
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Risk mitigation measures crucial as battery storage projects grow
As battery energy storage system (BESS) projects grow in size and capacity, having appropriate risk mitigation measures in place is…
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Shell to be taken to Dutch court again in new climate case
Friends of the Earth Netherlands (Milieudefensie) is preparing to file a new climate case against Shell, demanding the oil giant…
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MEP seeks ban on PFAS to protect wine sector
As the European Union comes under rising pressure to outlaw pollution from PFAS, so-called ‘forever chemicals’, and the insurance sector…
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Insurers and buyers not fully ready for Italian nat cat scheme, says Anra
Italy’s mandatory nat cat insurance scheme has been partly delayed for a second time because neither buyers nor insurers are…
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ECB warns CSRD amendments could lead to ‘unwanted outcomes’
The European Central Bank (ECB) says it supports the commission’s efforts to streamline and simplify sustainability reporting and due diligence…
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Climate risk management must be integrated into core strategies, says Ferma
Risk managers need to take climate change into the core of their strategies rather than treating it as a peripheral…
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MEPs call for bolder EU action on water resilience
The European Parliament has adopted its recommendations for the European Water Resilience Strategy, expected from the EC before this summer,…
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Climate change is about risk management not altruism, says MAS’s Lim
Marcus Lim, assistant managing director (banking & insurance) at the Monetary Authority of Singapore (MAS) has confirmed that MAS will…
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UK unprepared for climate impacts, says advisory body
The UK is not prepared for climate impacts, held back by ineffective and outdated ways of working within government, according…
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‘Every hour counts’ when dealing with extreme events, says BELFOR CEO Kolak
Risk managers are playing an increasingly important role in helping their organisations manage climate change risk and minimise business interruption,…
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CSRD statements reveal focus on risk over opportunity
Many companies are still coming to grips with the new CSRD reporting regime, and most see more material, sustainability-related risks…
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Zurich urges focus on climate risk reduction
Zurich Insurance Group has called for coordinated action against the rising threats posed by extreme weather and natural catastrophes, and…
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First framework tying emissions to specific climate harms
A new study published in the journal Nature sets out a scientific framework to trace specific climate damages back to…
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Renewable energy market’s viability threatened by extreme weather risks
Extreme weather risks are a major threat to renewable energy markets worldwide, according to a new report from renewables insurer…
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Unlocking investment in climate adaptation
The current economic environment means there is a focus on short-term challenges such as state-based armed conflict, political and economic…