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Lloyd’s of London published its 2021 Environmental, Social and Governance (ESG) Report two days ahead of its Annual General Meeting on May 19. Lloyd’s second ESG report is a document almost completely lacking in substance which does more to obscure the climate destroying actions of its members than to shed light on how it intends …
Today, SCOR, the 4th biggest reinsurer in the world, held its Annual General Meeting (AGM) where its CEO Laurent Rousseau took the opportunity to announce SCOR’s first underwriting exclusions on oil. While committing to no longer underwrite new oil projects is a good first step, these restrictions fail to cover gas and are thus inconsistent …
Originally published in Environmental-Finance on May 17, 2022. Laurent Rousseau, who was appointed Chief Executive Officer of SCOR almost a year ago, will meet his shareholders for the first time on 18 May. At a time when many insurers, as society’s risk managers, are not fulfilling their responsibility to actively support global action to avoid …
Parent groups, Mothers Rise Up and Parents For Future UK, are calling on Bruce Carnegie-Brown, Chair of Lloyd’s of London and a father of four, to stop insuring the world’s most damaging fossil fuel projects. A group of UK mums will meet with Carnegie-Brown on May 17, ahead of Lloyd’s AGM and hold a Father’s …
On the occasion of the Annual General Meetings (AGM) of Hannover Re (4 May) and its parent company Talanx (5 May), the environmental organisation urgewald, together with Dachverband der Kritischen Aktionär*innen (an association of critical shareholders), is calling on Talanx to take ambitious climate action. Talanx subsidiary Hannover Re announced in March that it would …
Number of insurers ruling out Trans Mountain continues to grow, following a year of climate impacts along the pipeline route and continued pressure from activists. Trans Mountain insurer and Lloyd’s of London syndicate Arch Insurance has committed to no longer insure the Trans Mountain tar sands pipeline after its current insurance policy expires this summer. …
Today, Allianz, currently one of the world’s biggest oil and gas insurers, committed to stop insuring and investing in new oil and gas fields, new oil power plants, practices related to the Arctic and new midstream oil infrastructure as of January 2023, and will not renew existing contracts for such projects as of July 1, …
Feeding the fossil monster or clean energy? In this report by Insure Our Future member Re-set – a Czech organization that uses research, education and public engagement to support efforts for a more sustainable and just society – the policies of six major insurers in the Czech Republic [ČSOB pojišťovna, Generali Česká pojišťovna, Allianz, Kooperativa, …
World’s largest reinsurer must align its policies with climate science, say Urgewald and Dachverband der Kritischen Aktionär*innen ahead of its Annual General Meeting Ahead of Munich Re’s Annual General Meeting (AGM) on April 28, the environmental and human rights organization Urgewald, as a member of the international campaign network Insure our Future, together with the …
The world’s third-largest electronics giant claims to be an innovative technology leader but faces global scrutiny on Earth Day over its over-reliance on fossil fuels More than forty global environmental organisations sent a letter to the Samsung Group, urging the company to stop fuelling climate change and set more ambitious climate measures. The letter was delivered …
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