ESG Risk Review
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April 11, 2023
Zurich to help its suppliers transition to net zero
Zurich Insurance Group is to provide climate training materials for its suppliers to help them decarbonise their operations, and is…
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April 6, 2023
Risk managers face challenge to define and measure ESG risk
Risk managers are increasingly involved in ESG risks but while awareness and competencies are growing, the biggest challenge now is…
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April 6, 2023
Zurich follows Munich Re and quits NZIA
Zurich has become the second carrier to withdraw from the UN’s Net Zero Insurance Alliance (NZIA) this week. Munich Re…
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April 6, 2023
Emissions management and air pollution biggest ESG risk factors for large UK firms
Research by Chaucer has found that management of emissions and air pollution are the biggest ESG risk factors for the…
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April 5, 2023
ESG not yet important factor in UK brokers’ relationships with insurers
UK brokers appear to have limited knowledge of insurers’ ESG credentials and do not rate ESG as a factor when…
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April 4, 2023
German insurers ready to support green transition, claims GDV
Politicians and business must accelerate sustainable transformation, said the German insurance association (GDV) following publication of the Transformation Compass study…
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April 3, 2023
Sustainability Standards board offers relief to corporates on ESG reporting
The International Sustainability Standards Board (ISSB) has announced a supplementary meeting on 4 April to discuss a further enhancement to…
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April 3, 2023
European industry given renewable energy targets under RED III
The EC has welcomed a provisional agreement reached between the European Parliament and the Council to reinforce the EU Renewable…
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March 31, 2023
European Parliament backs EU directive on tackling gender pay gap
Risk managers, as well as their colleagues in HR and legal, will need to take a close look at the…
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March 30, 2023
Vale pays $56m to settle false ESG claims over Brumadinho dam
Brazilian mining firm Vale has paid $55.9m to settle regulatory charges it misled investors over ESG disclosures that assured the…
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March 30, 2023
IASB launches project on climate-related risks in financial statements
The International Accounting Standards Board (IASB) has started a project to explore whether and how companies’ financial statements can provide…
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March 27, 2023
McDonald’s franchise penalised for child labour safety violations
The US Occupational Safety and Health Administration (OSHA) has penalised a McDonald’s franchise in Morristown, Tennessee, after a 15-year-old employee…
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March 24, 2023
European insurers must accelerate new risk transfer tools to support net zero
The EC’s newly proposed Net-Zero Industry Act (NZIA), a crucial part of its Green Deal Industrial Plan, makes it even…
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March 23, 2023
Data-driven approach needed for ESG decisions: Aon
Businesses need a strategic, data-driven approach to benchmarking, coordination and governance to help them gain the insights they need to…
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March 20, 2023
Howden appoints head of energy transition from KPMG
Broker Howden said it will bring in expert talent from outside the industry to help clients mitigate the risk of…
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March 17, 2023
Corporates face mounting liability from multiple risks, finds Geneva Association
Litigation practices have emerged as the leading driver of future liability risk facing corporates as concerns rise about US social…
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March 16, 2023
Time to get real on ESG
It did not really come as a shock to this editor that BusinessEurope, the confederation of European business associations, has…
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March 15, 2023
ESG conduct has no direct bearing on credit rating actions
A new study suggests that the ESG conduct of a company has no direct bearing on its credit rating actions,…
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March 14, 2023
Zurich brings climate change resilience services to UK
Zurich is making the full range of its climate change resilience consultancy services available to national and international UK companies…
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March 3, 2023
Europe’s insurers stand firm on fossil fuel restrictions despite energy crisis
European insurers are currently sticking to pledges to reduce greenhouse gas emissions across portfolios despite the energy crisis, according to…