Swiss Re

Companies Should Report Possible Climate Costs, Say Global Executives

The information should routinely appear in financial statements, according to recommendations to be presented to G-20 leaders
Article

Originally posted on Wall Street Journal.

LONDON—Companies should publish an assessment of the losses they could suffer through climate change as part of their routine financial statements, according to a panel of financial and business executives chaired by Michael Bloomberg.

Carney-Backed Report Urges Companies to Disclose Climate Change Effects

BoE governor and media billionaire behind proposals to better inform investors and lenders
Article

Originally posted in the Financial Times.

A task force led by Michael Bloomberg and backed by Mark Carney has urged companies to disclose to investors the impact of climate change on their businesses.

The governor of the Bank of England and the billionaire media owner are behind a new set of recommendations designed to give investors, lenders and insurers a better idea about how climate change will affect individual businesses.

Swiss Re Adopts Climate-Related Financial Disclosure Recommendations

Article

Originally posted in Canadian Underwriter

Swiss Re announced on Wednesday that it will adopt the climate-related financial disclosure recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).

TCFD Reaction: 'Turning Point for Climate Disclosure'

Article

Originally posted on Environmental Finance.

The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.

First-of-its-Kind Report Ranks U.S. Insurance Companies on Climate Change Responses

Climate Change Responses Only Nine of 330 Insurers Get High Grades; The Hartford, Prudential, Munich Re and Allianz Are Among Top Scorers
Press Release

October 23, 2014 /3BL Media/ - 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. The report found strong leadership among fewer than a dozen companies but generally poor responses among the vast majority.

Companies Push White House to Follow Through on Climate Action Plan

One year after Superstorm Sandy, 20 major U.S. businesses demand action
Press Release

BOSTON, October 29, 2013 /3BL Media/ – One year after Superstorm Sandy devastated the East Coast, major U. S. companies including Starbucks, Unilever and Mars, Inc. have called on President Obama and the White House to follow through on climate change preparedness efforts outlined in the Climate Action Plan announced by the President on June 25th.

New IPCC Report Confirms What Companies Already Know: Climate Change is Changing How Business Gets Done

HSBC, VF Corporation, insurance firms provide insights on key business sectors
Press Release

BOSTON, September 27, 2013 /3BL Media/ – In the wake of a new Intergovernmental Panel on Climate Change report re-confirming the reality of climate change and clarifying its effects, business and investor leaders talked today about the ways in which global warming is already affecting their bottom lines and their strategies.

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