Ten (10) fossil fuel companies caused more than $14tn of climate damage from 1991 to 2020, according to a study by a team at Dartmouth College, a private Ivy League research university.
The Financial Regulatory Authority (FRA) is seeking to launch insurance products, to support carbon certification and sustainable agriculture, according to its chairman, Dr Mohamed Farid. Work is currently underway with the Federation of Egyptian Insurance Companies (FEIC) to study ways to launch a carbon credit insurance policy.
These are the updates on insurance regulation across China this week.
Qatar Central Bank (QCB) has launched the Sustainable Finance Framework, in line with the Third Financial Sector Strategic Plan and the Environmental, Social and Corporate Governance (ESG) and Sustainability Strategy for the Financial Sector.
Asia's real estate and insurance sectors are grappling with substantial financial risks, while also encountering new opportunities, as climate change drives more frequent and intense extreme weather events.
China and India are shifting towards meeting their growing electricity needs with clean energy. These are the two countries at the forefront of the drive to clean power and will help tip the balance towards a decline in fossil generation at a global level, according to the sixth annual "Global Electricity Review" published earlier this month by Ember, a UK-based global energy think tank.
AXA XL, the P&C and specialty risk division of AXA, has launched a new report to help the risk management community identify, assess and mitigate their nature-related risks.
The Insurance Association of Türkiye (TSB) has published a 'Sustainability Guide' specifically for the insurance sector to support environmental, social and governance (ESG) transformation.
Hong Kong-based life insurer CTF Life plans to reduce absolute Scope 1 and 2 greenhouse gas emissions by 37.8% by the financial year 2029 (FY2029).
According to a new global survey, a large majority of executives in Asia Pacific believe that the current economic climate is making meeting their sustainability targets less of a priority.