Recent news about the insurance industry and the challenges and opportunities posed by climate change, water scarcity, energy transitions and other sustainability issues.
Warren Buffett's Mixed Signals on Climate Risk and Insurance
Apr 28, 2016
- When it comes to addressing climate change impacts to Berkshire Hathaway’s insurance business, Warren Buffett paints a somewhat misleading picture that minimizes the business risks posed by a demonstrably changing climate. In doing so, Buffett begs serious questions about his company’s planning for climate impacts and undermines confidence in the insurance division’s climate resilience.
Warren Buffett Is Wrong About Climate Change
Feb 29, 2016
- In an annual letter to investors in his conglomerate Berkshire Hathaway, Warren Buffet fought back against a proposed shareholder resolution demanding his insurance subsidiaries measure and disclose the risks that climate change poses to their business and how the company is responding to the threat.
UN urges business leaders to double investment in green energy by 2020
Jan 27, 2016
- The United Nations urged global business leaders on Wednesday to double investment in wind and solar energy to $600bn a year by 2020. Business leaders were challenged to act decisively to hasten the transition away from the fossil fuel economy.
500 Global Investors Managing Trillions Mobilize Action in Wake of Paris Climate Agreement
Jan 27, 2016
- On the heels of the historic international climate agreement in Paris, more than 500 global investors gathered at the United Nations to begin mobilizing the trillions of dollars needed to catalyze the global clean energy transition.
The One Thing We Still Need in Order to Get to a Low-Carbon Economy
Jan 26, 2016
- We need far more investment in the low-carbon economy — well over US$1 trillion every year. What will it take to get pension funds, insurance companies and other investors who manage trillions of dollars to open their wallets to this enormous clean energy opportunity?
Investors Have A Big Opportunity for Accelerating Clean Energy
Jan 25, 2016
- Those gathering at the UN in New York on Wednesday for the biennial Investor Summit on Climate Risk are facing a new world and a new reality. The Paris climate agreement has confirmed that every nation is now on an irreversible path to a low -- perhaps even zero -- carbon economy. The challenge now is not the certainty, the direction or the ultimate destination of this transformation: it is the speed and how to scale up the opportunities.
Ceres President Applauds Historic International Climate Agreement in Paris
Dec 12, 2015
- Ceres president Mindy Lubber issued a statement heralding the final international climate agreement announced in Paris.
Boston nonprofit Ceres stresses green effort
Feb 02, 2015
- Ceres, celebrating its 25th anniversary, has become one of the world’s most influential environmental advocates by harnessing capitalism to convince companies that sustainability is central to their competitiveness and bottom lines.
9 Reasons Not to be Depressed About the Planet
Dec 30, 2014
- Don’t leave 2014 without realizing there have been notable — often underreported — big capital market breakthroughs on climate change, water protection and other sustainability fronts.
A Retreat From Weather Disasters
Oct 24, 2014
- Today, from Florida to Delaware, property insurance near the water is becoming harder and harder to find.
First-of-its-Kind Report Ranks U.S. Insurance Companies on Climate Change Responses
Oct 22, 2014
- Amid growing evidence that climate change is having wide-ranging global impacts that will worsen in the years ahead, a new report from Ceres ranks the nation's 330 largest insurance companies on what they are saying and doing to respond to escalating climate risks.
Analyzing Climate Risk: Why Mandatory Reporting Matters
Sep 11, 2014
- Fully incorporating all risks, including climate change, into the investment-decision-making process will have a tangible impact in shifting significant capital away from high-carbon emitters toward clean energy alternatives.
Gaining Enough Ground
May 12, 2014
- Four years ago, Ceres and Sustainalytics produced a report that it called a roadmap for sustainability for the 21st century corporation, and noted that while there were pockets of leadership in sustainability, these pockets were surrounded by oceans of incrementalism that were insufficient to address the sustainability challenges confronting us.
Statement by Ceres President Mindy Lubber on the National Climate Assessment
May 06, 2014
- "We simply can no longer afford to risk our children’s futures on the false hope that the vast majority of scientists are wrong."
Sister Patricia Daly, a Visionary Leader Dedicated to Environmental Justice, Wins the Joan Bavaria Award
Apr 30, 2014
- Long-time shareholder advocate and executive director of the Tri-State Coalition for Responsible Investment, Sister Patricia Daly, OP has been awarded the sixth-annual Joan Bavaria Award for Building Sustainability into the Capital Markets.
Are The 613 Largest U.S. Public Companies Actually Working On Sustainability?
Apr 30, 2014
- Corporations are getting better at incorporating sustainability into their business structure, but not fast enough and not to the scale that the planet demands.
Ceres report: US corporate progress on sustainability remains incremental
Apr 30, 2014
- The latest evidence that businesses are failing to grasp the need to restructure their business models comes from an analysis of 613 major publicly listed US companies, which represent three-quarters of the country's total stock market capitalisation.
Even oil companies don't want a 'roasted world'
Mar 25, 2014
- When climate scientist Rosina Bierbaum speaks, her central theme is the "roasted world" -- a bleak picture of what the planet will probably look like if carbon pollution continues unchecked.
Exxon Valdez Oil Spill Still Leaves a Painful Legacy
Mar 24, 2014
- Exactly 25 years ago, 260,000 barrels of crude oil from the Exxon Valdez oil tanker inundated the frigid, fragile waters of Alaska's Prince William Sound.
Insurers Have Huge Role As Clean Energy Investors
Mar 03, 2014
- Conversations about climate change and the insurance industry usually focus on catastrophic storms and their damaging financial ripples for insurance providers. Given skyrocketing extreme-weather losses in recent years, it’s surely a legitimate issue that should be making insurers re-think their business models.