Proxy advisor Glass Lewis has recommended Berkshire Hathaway shareholders vote against re-electing independent director Tom Murphy – a member of Berkshire Hathaway’s audit committee – due to the company’s lack of disclosure on climate change risks.
Bermuda’s financial services regulator has said it will step up its climate risk supervisory efforts through the formation of a dedicated team comprising climate experts from across its operations.
International standards on climate-related disclosure are increasingly converging around the Task Force on Climate-related Financial Disclosures (TCFD) framework, according to Clyde & Co.
Insurers in New Zealand with more than NZ$1bn ($703mn) in total assets under management will be required to make mandatory disclosures on climate-related risks to their business under a bill introduced to the country’s parliament.
Liberty Mutual could be delisted from the UN Principles for Responsible Investment (UNPRI) over plans by one of the carrier’s subsidiaries to develop a coal mine in Queensland, according to reports.
Swiss Re’s CEO answers our questions on how the reinsurer is addressing sustainability issues and outlines its key messages on climate ahead of this November’s planned COP26 meeting in Glasgow.
Start-up reinsurer Conduit Re will offset its carbon footprint as part of its plan to be a “zero carbon” entity, executive chairman Neil Eckert has revealed in an interview with The Insurer TV.