- UK broker businesses are growing increasingly concerned about Brexit uncertainty and the economic climate-but won’t let this affect their plans for growth according to Aviva’s latest Broker Barometer survey
- Insurance Europe publishes update to its online consumer focus tool, which outlines examples of the work undertaken by Europe’s insurers to provide innovative products and services for consumers
- Standard & Poor's says European insurers well-placed to withstand economic uncertainty
- AXA XL integration plan could potentially result in reduction of 711 positions in Europe
- IUA says people using driverless cars should still not take their eyes off the road if they could be expected to take over the vehicle at short notice in an emergency
- Pool Re welcomes new legislation to allow coverage of losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack
- Honcho poses a threat to UK price comparison aggregators with its digital, time-saving approach aimed at appealing to millennials, says GlobalData expired
- Majesco announces the release of "Strategic Priorities 2019: Accelerating the Paths to the Future of Insurance" based on its fourth annual survey of insurers across all sizes and lines of business expired
- RMS announces new managing director of Continental Europe expired
- CNA Financial reports net loss of $84m for fourth quarter but "significant progress in 2018" says CEO Robusto expired
- Arch Capital net income down in fourth quarter expired
- Argo reports growth up and combined ratio down expired
13th June 2018
Legal & General reveals corporate leaders and laggards on climate change and commits to vote against the latter category
Legal & General Investment Management(LGIM) has revealed the corporate leaders and laggards on climate change, following the first engagement period under its Climate Impact Pledge.
LGIM introduced the Climate Impact Pledge in November 2016, focused on accelerating the progress companies are making in addressing climate change and transitioning to a low-carbon economy. LGIM has initially focused on engaging with 84 of the world’s largest companies across different sectors and geographies identified as pivotal in meeting the 2°C target set in the Paris Agreement.
These companies have since been assessed, scored and ranked against more than 50 indicators, including whether they have a corporate statement that formally recognises the impact of climate change, whether they are fully transparent on their carbon contribution and whether the board composition is diverse and robust enough to drive innovation and change.
As part of the pledge, LGIM committed to vote against companies that have shown persistent inaction to address climate risk and divest its Future World range from these companies.
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