The Arctic Refuge Scorecard

The Gwich’in Steering Committee (GSC) released an update to its scorecard that tracks global insurance companies’ policy on fossil fuel development in the Coastal Plain of the Arctic National Wildlife Refuge. Since the initial release of the scorecard in August 2021, six additional “gold medal” companies have been added for a total of 12 international insurers with …

The Oil and Gas Policy Tracker

A tool to detect greenwashing practices in the finance sector Reclaim Finance and more than 15 NGOs launch the “Oil and Gas Policy Tracker” (OGPT). The tool is the first of its kind: it assesses in great detail the oil and gas exclusion policies (or lack thereof) of the 150 biggest financial institutions worldwide. The …

Swiss Re leads insurance industry’s exodus from oil and gas

Today, Swiss Re, the world’s second largest reinsurer, announced an enhanced oil and gas policy which brings new momentum to the insurance industry’s shift away from fossil fuels. Insure Our Future welcomes that Swiss Re is the first major oil and gas insurer to adopt a policy for the sector which excludes insurance for most …

Finance sector has moral imperative to exclude Russian fossil fuel firms

In solidarity with Ukraine, a coalition of NGOs and groups around the world have sent a letter calling on financial institutions most exposed to Russian oil, gas, and coal to cease all ties with these companies, and to stop propping up Putin’s illegal war on Ukraine.  Over 75 organisations, including Reclaim Finance, BankTrack, Stand.earth, Greenpeace, …

2021 Scorecard on Insurance, Fossil Fuels & Climate Change

Insuring Our Future: The 2021 Scorecard on Insurance, Fossil Fuels and Climate Change, focuses on 30 of the world’s top insurers. It is published by 26 organizations from 14 countries and will be launched today at the COP26 UN Climate Summit in Glasgow. Insure Our Future’s fifth annual report on the insurance industry’s response to …

Insurers’ support for oil and gas undermines climate targets

Coal industry nearly uninsurable as U.S. & Bermuda companies provide last lifeline  The global insurance industry is undermining efforts to meet climate targets by continuing to support new oil and gas production, the Insure Our Future campaign reveals today in its fifth annual scorecard on insurers’ climate policies. Only three insurers, France’s AXA, Italy’s Generali, …

Climate campaigners at Baden-Baden Insurance Conference call for an end to fossil fuel insurance

On Sunday, October 17th and Monday, October 18th, climate campaigners from a number of groups, including the Insure Our Future campaign, Parents for Future and Fridays for Future, gathered to call on attendees of the Baden-Baden Reinsurance Conference to rule out coal from all reinsurance, including treaty reinsurance, to stop insuring all new oil and …

Insure Our Future calls on Net Zero Insurance Alliance founding members to immediately stop insuring new fossil fuels

The Insure Our Future network cautiously welcomes the UNEP Net Zero Insurance Alliance’s (NZIA’s) ‘Statement of commitment by signatory companies’, but calls on the NZIA founding members – AXA (NZIA Chair), Allianz, Aviva, Generali, Munich Re, SCOR, Swiss Re and Zurich Insurance Group – to demonstrate this commitment by immediately excluding new oil and gas …

Swiss Re first insurer to completely phase out coal from treaty reinsurance

Swiss Re, the world’s largest reinsurer, announced new climate targets, including plans for the reinsurer to completely phase-out thermal coal from its treaty business by 2030 (OECD) and 2040 (rest of the world). If implemented properly, this policy shift marks a breakthrough for the reinsurance industry. The Insure Our Future network wrote in early March …

Climate campaigners welcome Net-Zero Underwriting Alliance (NZIA) with caveats

December 12, 2020 – On the fifth anniversary of the Paris Agreement, Thomas Buberl, the CEO of the AXA Group, proposed the creation of a Net-Zero Underwriting Alliance (NZUA). The Insure Our Future campaign welcomed the proposal as a sign that insurers are increasingly accepting responsibility for the emissions of the projects they are underwriting. …

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