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MetLife to put $500m into new impact investments by 2030
23 June 2021MetLife is to allocate $500m into new impact investments by 2030, 25% of which will go to addressing climate change, the insurer said in its annual sustainability report issued Tuesday (22 June).
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Science Based Targets initiative launches financial sector framework
01 October 2020Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.
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QBE joins UN Global Compact
29 September 2020Australia's QBE Insurance Group (QBE) has become a signatory of the UN Global Compact.
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Insurers' oil and gas activities to be next under spotlight
18 June 2020Re/insurers around the world should limit their support for oil and gas projects and have until mid-September to explain the measures they are taking to reduce exposure to the sector, according to environmental NGOs.
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Fossil fuel exclusion proves a slow burn for US insurers
07 October 2019US insurers say they are ready to stop investing in climate-harming coal. But only one has divested from the fossil fuel to date. Could Chubb’s move be the start of a wider transition by US insurers away from fossil fuels or is it empty talk? Sarfraz Thind reports.
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Japanese regulator to review stewardship code for institutional investors
13 August 2019Japan’s financial regulator, the Financial Services Agency (FSA), is to review the Japanese stewardship code to solicit more effective stewardship activities by institutional investors, according to commissioner Toshihide Endo.
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Exxon and other laggards excluded from LGIM Future World Funds
21 June 2019Legal & General Investment Management (LGIM) has excluded more climate change laggards from its Future World Funds range after they failed to respond to its engagement programme.
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MetLife boosts responsible investments
24 April 2019MetLife, one of the world's largest insurance groups, increased its responsible investment portfolio by about $2 billion during 2018 to more than $52 billion, representing more than 8% of total assets under management.
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Environmentalists slam US insurers for backing coal
03 December 2018Asia-Pacific firms fare slightly better; Swiss Re and Axa earn top marks
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US insurers 'turning blind eye to climate change'
21 October 2016Many US insurers are still turning a blind eye to climate change, with less than 20% attaining high scores for their climate risk reporting, a study has warned.