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Integrate climate risk now, insurers told
16 September 2019Insurers should start integrating climate risk into their management and business operations now, and not wait for the perfect tools, according to a report from the Asset Owners Disclosure Project (AODP) and UK charity ShareAction.
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LGIM Real Assets invests £57m in UK solar projects
02 September 2019Legal & General Investment Management (LGIM) Real Assets has invested £57.5 million ($69.9 million) in long-term debt financing to support Hermes Infrastructure in its recapitalisation of two portfolios of solar photovoltaic assets in England and Wales.
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Dutch financial sector commits to Paris Agreement goals
11 July 2019Fifty Dutch firms have signed a climate agreement committing to help the Dutch government deliver on the Paris Agreement climate goals.
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Chubb's coal exclusion policy to impact at least $10m of assets
01 July 2019US insurer Chubb has announced it will not make new debt or equity investments in companies that generate more than 30% of their revenues from thermal coal mining or that generate more than 30% of their energy production from coal.
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NN Group announces restrictions on coal-related underwriting
29 May 2019NN Group is to stop providing insurance services to companies that derive more than 30% of their revenues from thermal coal mining from 1 July.
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ESG investing a primary consideration for only 5% of insurers, says Goldman Sachs
29 April 2019Only 5% of insurers globally think environmental, social and governance (ESG) and/or impact investing is a primary investment consideration, while 57% regard it as one of several considerations, according to Goldman Sachs Asset Management (GSAM).
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13% of European insurance assets exposed to climate risk
05 April 2019Eiopa tells French insurers at Paris conference
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Dai-ichi Life emphasises climate change in revised investment policy
02 April 2019Japanese insurer Dai-ichi Life has revised its investment policy in line with Japan’s stewardship code, putting stronger emphasis on engagement and climate change issues.
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Mandatory climate change disclosures - only a question of time
27 February 2019Geoff Summerhayes, board member of the Australian regulator and chair of the UNEP SIF, warns insurers of increased scrutiny from regulators
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Aberdeen Standard Investments wins €500m Dutch pension fund mandate
27 February 2019The five-year mandate will invest in private equity with an ESG and responsible investment focus