 | Global Climate Treaty Needed: Munich Re
January 5, 2009 – Munich Re, one of the world’s largest reinsurers, has called for an international treaty to address climate change or face growing insurance losses from weather-related natural catastrophes. more... |
| European Union Reaches Climate Accord
December 12, 2008 – European Union leaders have agreed to an agreement that eases costs on energy and manufacturing companies. more... |
| Allianz Issues Latest Sustainability Report
December 10, 2008 – The Allianz Group has issued its 2007/08 Sustainability Report which includes details on the launch of a Centre of Competence on Climate Change. more... |
| Disaster Insurance Proposal Presented at Poznan
December 8, 2008 – The Munich Climate Insurance Initiative outlined a plan to offer disaster insurance in developing countries during the United Nations Climate Change conference in Poznan, Poland. more... |
| Finance Leaders Launch Climate Change Code
December 2, 2008 – A group of major international financial institutions has joined with The Climate Group in launching a new code of principles to guide them in dealing with the risks and opportunities of climate change. more... |
| ClimateWise Wants U.N. to Strengthen Adaptation Efforts
November 27, 2008 – ClimateWise, a coalition representing 42 leading global insurers, has asked the United Nations Framework Convention on Climate Change to strengthen its climate change adaptation efforts so insurers can play a fuller role in reducing climate risks around the world. more... |
| Global Investors Issue New Climate Statement
November 11, 2008 – A total of 135 investment institutions with assets exceeding $6 trillion have signed an agreement outlining their perspective on climate change and the key elements necessary to cause investors to work on addressing the issue. more... |
| Zurich Australia Issue Climate White Paper
October 23, 2008 – Zurich Australia has a new white paper titled, “Climate change and the insurance industry – no silver bullet solution,” which argues that the insurance industry should see itself as a key player in strengthening community resilience. more... |
| Swiss Re Signs Weather Derivative Contract with Malawi
October 20, 2008 – Swiss Re has entered into a weather derivative contract that will pay Malawi farmers up to $5 million if they suffer from a drought-related shortfall in maize production. more... |
| Allianz Australia Adds “Green” Homeowner’s Policy Benefit
October 15, 2008 – Allianz Australia has added at no additional premium additional “green” benefits to its building and contents policies that will reward and encourage more environmentally sustainable behavior by its customers in the event of a relevant claim. more... |
| HSBC Creates Climate Change Research Facilitation Program
October 14, 2008 – HSBC Global Markets, working with several research providers, has created a new climate change research facilitation program to help fund managers develop a coherent climate change investment portfolio strategy. more... |
| Munich Re To Sponsor Climate Research
October 7, 2008 – Munich Re has entered into a five-year, $5.4 million cooperation agreement with the Centre for Climate Change Economics and Policy at the London School of Economics to evaluate the economic impact of climate change. more... |
| Swiss Re Recommends New Adaptation Partnerships
August 26, 2008 – Swiss Re is calling for new private-public partnerships to anticipate and respond to the risks related to climate change. more... |
| Green the Supply Chain, AON Study Recommends
July 21, 2008 – The "greening" of companies needs to be taken out of the hands of marketers and given to supply chain managers that can influence the procurement processes, according to Aon Global Risk Consulting. more... |
| G8 Leaders Agree to Halve Greenhouse Emissions By 2050
July 8, 2008 –Leaders of the G8 countries have agreed to adopt, as a global goal, a 50 percent reduction in global greenhouse emissions by 2050. more... |
| Service Providers Form Swiss Climate Foundation
July 4, 2008 – A group of 11 service providers has formed the Swiss Climate Foundation to promote measures aimed at protecting the climate and enhancing the energy efficiency of small and medium-sized enterprises in Switzerland. more... |
| Swiss Re Obtains $150 Million of Natural Catastrophe Protection
June 30, 2008 – Swiss Re has obtained $150 million against a North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through a natural catastrophe protection program named Vega Capital Ltd ('Vega'). more... |
| Global Alliance for Climate Justice Formed
June 25, 2008 – Former United Nations Secretary-General Kofi Annon presided over the first annual meeting of the Global Humanitarian Forum – Geneva, which supports efforts to establish climate justice as a guiding principle for a post-Kyoto global climate agreement. more... |
| Report Examines Disaster Risk Financing
June 12, 2008 – Swiss Re has issued a Focus Report in which the reinsurer argues that new forms of public-private partnership can make societies more resilient by addressing the rising cost of natural catastrophes. more... |
| Science Academies Call for Action on Climate, Health
June 10, 2008 – The science academies of the G8 countries, as well as China, India, Brazil, Mexico and South Africa, have issued statements calling on world leaders to take action on climate change by moving to “low carbon societies” and collaborating to tackle infectious disease outbreaks and lifestyle-linked diseases such as diabetes. more... |
| Swiss Re Offers Carbon Offsets for Motorists
May 27, 2008 – Swiss Re and property insurer Die Mobiliar are offering motorists the opportunity to offset the carbon dioxide fumes from their vehicles by funding climate change projects. more... |
| U.K. Report Outlines Climate Security Threats
April 23, 2008 – Climate change could cause global conflicts as large as the two World Wars which will last for centuries unless it is controlled, a leading U.K. defense think tank, the Royal United Services Institute, is warning. more... |
| Zurich Forms Dedicated Alternative Energy Team
April 22, 2008 – Zurich Financial Services Group (Zurich) has announced that Zurich Global Energy, a unit of its Global Corporate division, has created a cross-functional team to address the insurance needs of the growing alternative energy market, including solar power, wind power, biomass, geothermal energy and hydropower. more... |
| Insured CAT Losses Top $30 Billion: Munich Re Study
April 10, 2008 – Insurers experienced nearly $30 billion in global catastrophic losses during 2007, according to a report published by Munich Re. The recorded a total of 960 natural events in 2007 with total losses of $82 billion. more... |
| Financial Sector in Climate `Danger Zone:’ KPMG
April 8, 2008 – The financial services sector is one of six industry sectors in the “danger zone” from climate change risks, according to a new report published by KPMG. The other industries at risk include: aviation, healthcare, tourism, transport and oil and gas. more... |
| Swiss Re’s Emission Desk Purchases Carbon Credits
April 7, 2008 – Swiss Re Global Markets Limited, a Swiss Re subsidiary, has entered into the agreement with Hebei with the main objective of acquiring Certified Emission Reductions (CERs) for its emissions trading desk. Hebei’s project will achieve emission reductions by replacing fossil fuel based power with state-of-the-art wind power plants connected to the North China Power Grid. more... |
| Catastrophe Losses In 2007 Highest In Europe: Swiss Re
March 11, 2008 – Catastrophe-related economic losses from natural and man-made catastrophes around the world exceeded $70 billion in 2007, according to the latest Swiss Re Sigma study. more... |
| How Companies Think About Climate Change: McKinsey
March 5, 2008 – Fully 60 percent of global executives surveyed by The McKinsey Quarterly regard climate change as strategically important, and a majority consider it important to product development, investment planning, and brand management. abstract | full report |
