The Guardian (April 3)
“The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks.” Günther Thallinger, a member of the board of Allianz SE, warned “that without insurance, which is already being pulled in some places, many other financial services become unviable, from mortgages to investments.” The climate crisis could “destroy capitalism…with the vast cost of extreme weather impacts leaving the financial sector unable to operate.”
Tags: Allianz, Capitalism, Climate risks, Cost, Cover, Crisis, Destroy, Extreme weather, Financial services, Insurance, Insurers, Investments, Mortgages, Temperature, Thallinger, Unviable, World
Washington Post (July 25)
“Companies are reshaping operations to cope with a changing climate” as climate risks also gain more prominence investment calculations. The month of June was the warmest since records began in 1850” so the “global steam bath” helps explain “why investors, regulators and credit-rating agencies are scrutinizing corporate plans for unrecognized climate risks.”
Tags: 1850, Climate risks, Corporate plans, Credit rating agencies, Investment calculations, Investors, June, Records, Regulators, Scrutinizing, Steam bath
Financial Times (December 2)
“Investors are becoming increasingly concerned about how climate risks will impact their portfolios.” TCI, one activist hedge fund, “has warned Airbus, Moody’s, Charter Communications and other companies to improve their pollution disclosure or it will vote against their directors and called for asset owners to fire fund managers that did not insist on climate transparency.”
Tags: Activist, Airbus, Asset owners, Charter, Climate risks, Directors, Disclosure, Fund managers, Hedge-fund, Impact, Investors, Moody's, Pollution, Portfolios, TCI, Vote
