Hurricane Matthew just caused major flooding in parts of the Southeast. It's the country’s thirteenth billion-dollar weather disaster this year. A new Ceres report ranks the responses of the country’s largest insurance companies to climate change risks. What it finds is that while the disclosure and management of climate risks is improving by more U.S. insurers, most are giving minimal attention to it in terms of risks and opportunities.
FROM THE EDITOR
A Renewable Energy Future is Well on Its Way
Climate change has been almost completely absent from discussion by major party candidates in the current political cycle . But almost unnoticed, renewable energy that will make a difference in controlling rising global temperatures has been growing quickly. Solar power in the US is expected to almost triple by 2017, according to the US Department of Energy. Solar has become the biggest driver of the renewables sector of the energy industry, projected to grow to nine percent next year, up a point from this year. The reason: a combination of federal tax credits for installations, regulations to reduce emissions from coal-fired power plants, and technological advances that have created cheaper, more efficient solar panels. Looks like policy and the private sector are getting the job done without a strong push from candidates for office.
John Howell, Editorial Director
ReportAlert: VMware releases Global Impact Report
News & Blogs
Why would a liquor company have a no straw initiative? The answer is simple. Bacardi Limited knows that those little plastic tubes are bad for the environment. In the U.S. alone, 500 million straws are used daily. That’s enough to fill over 127 school buses every day, or over 46,400 school buses a year. Most straws are made from plastic, which is not biodegradable.
(3BL Media/Justmeans) – Helping to create a healthier relationship between people and food includes protecting the environment and finding sustainable ways to produce more food. As the world’s population grows, the demand for water and energy is also on the rise and the planet’s resources are under increasing stress. In this situation, companies cannot afford to follow business as usual, and must align their corporate strategy with the UN’s Sustainable Development Goals (SDGs).
(3BL Media/Justmeans) – The world has come to know Pakistan as a country riddled for decades by war and violent conflict, with an economy in collapse. Nestled here is the Swat Valley region, once called the ‘Switzerland of the East’ by HRH Queen Elizabeth II. Sadly, today the valley is known for where schoolgirl Malala Yousafzai was shot by the Taliban for going to school.
(3BL Media/Justmeans) – Effectively communicating an organization’s ESG impacts is vital in today’s business world. According to research published in MIT Sloan Management Review, three in four senior executives in investment firms agree that a company’s good sustainability performance is materially important when making investment decisions.