The party may be over for all of the greenwashers on Wall Street. There is now little doubt that the U.S. Securities and Exchange Commission is serious about cracking down on misleading claims made by ESG fund managers. Last month, the Securities and Exchange Commission fined a Bank of New York Mellon Corp. investment unit… Continue reading The SEC Goes After Greenwashing by Fund Managers
Tag: environmental
65% of Insurance Firms See Significant Impact from Poor ESG Performance: Survey
According to a recent survey conducted by the legal and business consulting firm DWF Group, insurance firms have felt increased pressure on environmental, social, and governance (ESG) issues from regulators, employees, and clients in the last two years. In the report, Claire Bowler, global head of DWF’s insurance sector, stated, “There has been a huge… Continue reading 65% of Insurance Firms See Significant Impact from Poor ESG Performance: Survey
Boardrooms Yet to Fully Grasp ESG Risk
Many global firms are still failing to prioritize environmental, social, and governance (ESG) risks in the boardroom, which is creating worrying gaps in their evaluation and mitigation of these mounting hazards, according to research published by Marsh, the world’s leading insurance broker and risk advisor. Marsh’s report, Evaluating ESG and pandemic risk reporting trends: FTSE… Continue reading Boardrooms Yet to Fully Grasp ESG Risk
U.S. Insurers Seeing Need to Adapt to Evolving ESG Demands, Survey Finds
Six in 10 U.S. insurance companies agree that demand from stakeholders to explicitly consider environmental, social and governance (ESG) factors in their decision-making is growing, according to survey results published by AM Best. Compared with Europe, the U.S. insurance industry is still in the nascent stages of ESG integration. Given the developing perceptions of ESG,… Continue reading U.S. Insurers Seeing Need to Adapt to Evolving ESG Demands, Survey Finds
QBE Develops New ESG Risk Management Tool
QBE has developed a tool to provide a risk management framework for customers to better assess environmental, social and governance (ESG) risk. The tool provides a template sustainability policy and ESG framework to help smaller and medium sized enterprises identify, monitor and manage a range of ESG issues that may impact on their business. QBE… Continue reading QBE Develops New ESG Risk Management Tool
ESG Gains Could Buy Better Terms in Insurance Program
U.S. companies deemed to have superior environmental, social and governance practices will be eligible for improved terms on directors-and-officers liability insurance policies under an initiative by a leading broker. Marsh McLennan’s brokerage unit has teamed with international law firms and four major insurance carriers to recognize corporate clients for strong efforts in the increasingly high-profile… Continue reading ESG Gains Could Buy Better Terms in Insurance Program
A Changing Boardroom Climate: Insurance Planning with ESG in Mind
Corporate stakeholders have a new normal to confront, as influential investors — and more recently, some regulators — have pushed corporate boards and executives to consider their companies’ own environmental, social, and governance (ESG) profiles and implement plans to become more sustainable and impactful. Regardless of the moral imperative, corporate leaders are recognizing the potential… Continue reading A Changing Boardroom Climate: Insurance Planning with ESG in Mind
U.S. Insurers Rank Lowest When It Comes to Climate, Biodiversity
American International Group Inc., Nationwide Mutual Insurance Co. and Genworth Financial Inc. are among insurers with the worst environmental, social and governance credentials, according to a report from nonprofit ShareAction. The U.S. companies, together with China’s Ping An Insurance Group Co. and People’s Insurance Company (Group) of China Ltd., received the lowest scores from ShareAction… Continue reading U.S. Insurers Rank Lowest When It Comes to Climate, Biodiversity
Pension Funds Seek ESG-Conscious Money Managers, Survey Shows
Pension funds and insurers no longer look for just financial performance from their money managers, but also solid ESG credentials, according to a survey of institutional investors with more than $7 trillion in assets. More than 60% of respondents in the global poll by investment consultancy Bfinance said they were unlikely to hire an equity… Continue reading Pension Funds Seek ESG-Conscious Money Managers, Survey Shows
Companies Get Ready for New ESG Regulations under Biden
Companies are bracing for further regulation under the incoming Biden administration. One area that could affect a number of industries: potential new requirements related to diversity, carbon emissions and other types of sustainability metrics. President-elect Joe Biden campaigned on requiring companies to provide more detail on environmental risks and greenhouse-gas emissions as part of a… Continue reading Companies Get Ready for New ESG Regulations under Biden