ESG Risk Review
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July 14, 2023
German insurers welcome simplification of sustainability reporting rules
The German insurance association (GDV) has welcomed the latest version of the European Sustainability Reporting Standards (ESRS) following public consultation…
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July 13, 2023
UK polluters face unlimited fines under new legislation
UK companies will soon run the risk of unlimited civil fines and penalties for polluting waterways and other ecosystems, with…
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July 12, 2023
ESG shoots up priority list for procurement
ESG has leapt from seventh to second priority spot for procurement officers, according to the latest Deloitte global survey of…
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July 11, 2023
WTW launches climate analytics for property renewals
WTW has incorporated data analytics into its property renewals to help businesses understand the long-term impact of climate change on…
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July 11, 2023
Beazley shifts ESG Consortium into full syndicate
Lloyd’s-based insurer Beazley has announced the next phase in the development of its ESG Consortium, which provides additional capacity to…
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July 7, 2023
NZIA an ‘empty shell’ after dropping targets, says Insure Our Future
The Insure Our Future Campaign says that the decision by the Net-Zero Insurance Alliance (NZIA) to no longer require its…
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July 6, 2023
The threat to corporates and D&Os from climate litigation
Climate litigation has been around for some time but has largely focused on activists taking action against governments with the…
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July 6, 2023
NZIA removes mandatory net-zero member targets after recent exodus
The UN-convened Net Zero Insurance Alliance (NZIA) has removed member obligations to set net-zero targets and publish progress after more…
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July 6, 2023
Aon and Asia Pac climate data and analytics firm in collaboration
Aon has formed a multi-year collaboration with Asia-Pacific climate data and analytics provider AbsoluteClimo. Aon said the aim was to…
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July 5, 2023
Business travel returns with added risk
Companies must do more to prepare their staff for business travel and ensure there is a greater focus on the…
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July 4, 2023
UK insurers offer guidance to business to become “nature positive”
The Association of British Insurers (ABI) says British businesses need help as they face up to the risks posed by…
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July 4, 2023
Climate scenario models are ‘benign’ and ‘implausible’, report warns
Climate scenario models in financial services significantly underestimate climate risk, with results “far too benign” and in some cases “implausible”,…
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July 4, 2023
UK backs away from mandatory deforestation due diligence
The UK government has rejected a key amendment to the Financial Services and Markets Bill that would force financial institutions…
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July 3, 2023
AXA in Spanish renewable energy deal
AXA is supporting the development of renewable energy in Spain with the signing of a ten-year Virtual Power Purchase Agreement…
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July 3, 2023
EU Deforestation Regulation that targets supply chains comes into force
The EU regulation on deforestation-free products entered into force on 29 June. This means that any operator or trader in…
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July 2, 2023
Some risk managers ‘tied in knots’ over ESG
Risk managers are clearly getting more involved with ESG risks but some are struggling to properly identify all their exposures…
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June 30, 2023
European business demands more ‘reasonable’ due diligence directive
A total of 36 groups representing European businesses have issued a joint statement on the planned EU Corporate Sustainability Due…
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June 29, 2023
WTW and Clyde & Co partner on climate liability risk exposures
WTW and Clyde & Co have announced a collaboration that will see the law firm’s climate legal and risk expertise…
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June 29, 2023
Australia plans to bring in mandatory climate risk reporting from 2024
The Australian Government has issued a consultation on plans to bring in mandatory reporting requirements for disclosure of climate‑related financial…
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June 29, 2023
New standard on DEI in the workplace from BSI
New guidance on diversity, equity and inclusion (DEI) in the workplace has been issued by the British Standards Institution (BSI).…