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VIG lacks ambition as it slows on progress: Insure Our Future statement on updated sustainability policy

Vienna, 15 May 2024 – In response to Vienna Insurance Group’s updated sustainability rules:

Analysis: Chubb’s new conservation and methane standards remain inadequate but should exclude support for EACOP

New criteria falls short of aligning with 1.5°C San Francisco – In a SEC filing of “Additional Proxy Soliciting Materials” Chubb quietly updated its oil, gas, and conservation policies. RAN’s analysis, released ahead of Chubb’s Annual General Meeting Thursday, May 16th, has concluded that while the updates are a small improvement, the loopholes and narrow …

AXA must end its support to LNG

2023 was the hottest year on record, as well as the year in which we saw insurance companies abandon their customers most affected by climate risks. Climate change, mainly caused by the burning of fossil fuels (coal, oil and gas), is accompanied by ever more intense and frequent climatic disasters: forest fires, floods, drought, hurricanes, …

Insuring Disaster 2024

ShareAction Report: Insurance’s triple whammy threatens the survival of people and planet

London, 15 April 2024 – A major investigation into the world’s 65 largest insurance companies from the responsible investment charity ShareAction, released 11 April 2024, shows that both people and planet face the triple whammy from insurance companies underwriting and investing in projects that are increasing global warming, damaging the natural environment and failing to …

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New Finance Watch report clarifies ingredients for impactful transition plans for insurers

Brussels, 12 April 2024 – A new report from Finance Watch outlines the steps that must be taken to ensure effective implementation of mandatory transition plans for insurance companies as tools to support transition and manage the related risks. It outlines the urgent need for supervised “prudential” transition plans, pointing to the financial instability that …

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Campaigners demand ‘polluters pay’ as insurance industry meet for inaugural sustainability summit

Today, as the insurance industry convenes for the first Global Sustainable Insurance Summit in Los Angeles, the 32 campaign groups of the Insure Our Future network have sent a letter to the world’s leading fossil fuel insurers, detailing how they can accelerate the transition to a clean and just energy economy. Demands in the letter …

Zurich Insurance Protest Global Week of Action 2024

Insure Our Future Responds to Zurich’s New Oil and Gas Exit Policy

Zurich, 8 April 2024 – In a Bloomberg story today, the Zurich Insurance Group today announced major new fossil fuel restrictions, excluding the underwriting of new oil and gas extraction and metallurgical coal projects. The Insure Our Future campaign and its Swiss member Campax welcomed the news and called on AIG, Tokio Marine and the big Lloyd’s …

Tokio Marine’s strengthened climate policy does not go far enough

Tokio Marine, Japan’s biggest property and casualty insurer and the 15th largest fossil fuel underwriter in the world, announced on 13th March that its largest subsidiary, Tokio Marine & Nichido Fire Insurance Co. Ltd. (TMNF), is strengthening its engagement policy with 60 companies in high Greenhouse Gas (GHG) intensive sectors, and commits to stop insuring, …

Thousands take part in powerful global week of action demanding Insurance industry take climate action

This week has been an incredible global week of action for the Insure Our Future campaign, with thousands of people taking part in over 100 actions across 31 countries in 5 continents, including over 100,000 people taking action online. In-person actions include protests in Japan, South Korea, Nigeria, Uganda, Indonesia, UK, USA, Philippines, Pakistan, Tanzania, …

Insure Our Future XR London Action

Probitas pulls out of EACOP and West Cumbria coal mine

London, 4 March 2024 – (guest content published by Extinction Rebellion) Major insurer Probitas1492 have today (Monday) confirmed that they will never insure two major ‘carbon bomb’ projects – the East African Crude Oil Pipeline and the proposed West Cumbria coal mine – after a week of peaceful protest from Extinction Rebellion (XR) and members …

Insure Our Future 2022 demands to the insurance industry

27 NGOs, as part of the Insure Our Future network, sent the following letter to insurance and reinsurance company CEOs on March 10, 2022 Dear insurance/reinsurance company CEO, The impacts of climate change are becoming ever more tangible and severe. July 2021 was the hottest month humanity has ever recorded and the last seven years have …

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, …

Request for investors to urge SOMPO to stop underwriting fossil fuel projects

On February 8, 2022, five Environmental NGOs sent the request letter to 62 financial institutions which seem to be holding SOMPO’s stock. Dear SOMPO Holdings Shareholders, Request to engage with SOMPO to urge the company to stop underwriting fossil fuel projects Japan Center for a Sustainable Environment and Society (JACSES) Kiko Network Friends of the Earth …

Letter to Lloyd’s on its inadequate ‘ESG’ policy

On the same day that Insure Our Future leaked Lloyd’s ESG guidance, Client Earth published a letter to Lloyd’s critiquing the inadequacy of this guidance. This letter to Lloyd’s sets out why Lloyd’s ESG guidance is wholly inadequate to set the Lloyd’s market on a science-based pathway to net zero. In particular, the guidance: Is …

Letter to Lloyd’s on their climate change policy

In October 2021, the Society of Lloyd’s (the “Society”) announced a new commitment for the Lloyd’s market to achieve net-zero emission by 2050. However, the Society has not published the detail of the action it is asking market participants to take to meet that commitment. That detail was included in ESG guidance issued to Lloyd’s …

AXA’s climate leadership on the line: Letter to CEO

Letter sent to AXA’s CEO Thomas Buberl: The credibility of your climate leadership is on the line Dear Mr. Buberl, Under your leadership, AXA has played a pioneering role in taking climate action within the insurance industry for many years. As the International Energy Agency (IEA) has just found in its World Energy Outlook, climate …

Climate campaigners call on insurers not to underwrite Gasunie’s proposed Brunsbüttel LNG terminal

Today, members of the Insure Our Future network and other social movements sent an open letter to insurers of energy network operator Gasunie, the company planning to build a liquified natural gas (LNG) terminal in Brunsbüttel, Northern Germany.  The letter was sent to Munich Re, AXA, HDI / Talanx, Zurich Insurance Group, AIG Europe, SCOR, …

Open letter calls on insurers to cut ties with Trans Mountain, as key pipeline insurance policy expires

Fifteen insurers have ruled out Trans Mountain – coalition pledges to continue pressuring the remaining companies Today, Indigenous, environmental, and climate groups sent an open letter to twenty insurance companies that have failed to rule out insuring the Trans Mountain pipeline network, following the August 31 expiration date of one of Trans Mountain’s key insurance …

Letter to EU Commission

Dear EU Commission, With regard to the ongoing review of the prudential regulation of the insurance sector. Insure Our Future is an international network of NGOs, which – for the past 5 years – are working to persuade the (re)insurance sector to act responsibly with regard to their climate impact. The insurance sector is caught …

Insure Our Future 2021 demands to the insurance industry

22 NGOs, as part of the Insure Our Future network, sent the following letter to insurance and reinsurance company CEOs on April 15 DearMadam/Sir, The climate crisis is escalating. In 2020 the planet experienced the warmest year on record (tied with 2016) as well as a record-breaking Atlantic hurricane season, a record number of climate …

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