Green divide: Canada’s pension giants split on climate
As political headwinds and climate impacts worsen, Shift’s latest report card reveals which pension funds are taking action—and which ones are falling behind
Risk Management
Asset owners focus on climate adaptation as heat rises
Donald Trump’s return to the White House highlights the need for asset owners to factor in climate adaptation, as well as mitigation
California’s wildfires deepen the state’s insurance crisis
The state insurance plan, which was set up for homeowners abandoned by the private market, is now effectively bankrupt
Zurich’s Danielle Brassel: “There is value in co-ordination”
Zurich’s head of responsible investment discusses different routes for climate-focused collaboration between the investment and the underwriting sides of the business
Revealed: the leaders and laggards on climate in the insurance sector
Insurers are under increasing pressure to cease underwriting fossil fuels as climate-related weather events significantly impact profit margins. But who are the leaders and laggards in the insurance sector?
EIOPA’s fossil fuel shakeup: are insurers rethinking their investment strategies?
EIOPA’s new guidance on the prudential treatment of fossil fuel assets for European insurers could spark significant changes. Are insurers rethinking their exposure?
Are insurers’ climate risk models fit for purpose?
The sheer quantity and complexity of climate data create serious challenges for risk managers
Half of US pension returns at risk of climate change wipeout
Climate change could wipe out up to 50% of investment returns for North American and Canadian pension funds by 2040, due to higher exposure to equities and alternatives, raising questions about the climate resilience of the much-cited Maple 8 Model.
Rethinking insurance to support a net-zero world
Switching from a backward to a forward looking risk model may help insurers not only price climate risks but also step up their support for the energy transition
30% of top emitters set 1.5°C targets but most lack action plans
The biggest corporate emitters have made some progress in aligning their long-term climate targets with the 1.5°C global warming limit, but fewer than 5% have actionable plans in place, a new report has found.
More carbon, more interest: Europe’s banks price in climate risk
New research from the ECB shows banks are increasingly penalising polluters
BNP Paribas ceases underwriting of coal and gas bonds
French lender BNP Paribas has effectively ceased to participate in the issuance of bonds by the oil and gas sector, the bank confirmed at its AGM this week, in one of the most drastic pushbacks to fossil fuel lending so far
Trustees must take an ‘always on’ approach to TCFD reporting
With the UK pensions regulator reviewing climate risk disclosures, Lara Rutty, director at Cardano examines how trustees gain a better understanding of climate risks in their portfolios