The European Central Bank (ECB) has published new statistical indicators to improve the reporting of climate-related risks in the financial sector. It expects will incorporate features of other ESG-related reporting standards, although its efforts may be negatively impacted by the delays in their implementation.
Floodbase, a climate adaptation technology startup based in Brooklyn, New York, has raised $12 million in a Series A funding round. It has updated its solution that provides near real-time flooding data, allowing insurers to include flood risk coverage in their hurricane insurance policies.
Weather Trade Net has developed a self-service platform for corporate physical climate risk assessment.
Zurich Insurance Group (SWX:ZURN) has partnered with South Pole to provide a new climate change related offering to companies, focusing on risks, mitigation and adaptation.
Denmark’s largest bank, Danske Bank (COP:DANSKE), will stop funding new upstream oil and gas projects as part of its net zero commitment, focusing instead on the green energy transition. Many major banks that have made similar commitments continue to finance new fossil fuel projects, which are not aligned with a net zero by 2050 scenario.
Food and beverage multinational PepsiCo (NASDAQ:PEP) has partnered with the AgMission initiative to launch a new funding opportunity for research that could accelerate the adoption of climate-smart agricultural practices.
The European Central Bank (ECB) has published new statistical indicators to improve the reporting of climate-related risks in the financial sector. It expects will incorporate features of other ESG-related reporting standards, although its efforts may be negatively impacted by the delays in their implementation.
Floodbase, a climate adaptation technology startup based in Brooklyn, New York, has raised $12 million in a Series A funding round. It has updated its solution that provides near real-time flooding data, allowing insurers to include flood risk coverage in their hurricane insurance policies.
Weather Trade Net has developed a self-service platform for corporate physical climate risk assessment.
Zurich Insurance Group (SWX:ZURN) has partnered with South Pole to provide a new climate change related offering to companies, focusing on risks, mitigation and adaptation.
Denmark’s largest bank, Danske Bank (COP:DANSKE), will stop funding new upstream oil and gas projects as part of its net zero commitment, focusing instead on the green energy transition. Many major banks that have made similar commitments continue to finance new fossil fuel projects, which are not aligned with a net zero by 2050 scenario.
Food and beverage multinational PepsiCo (NASDAQ:PEP) has partnered with the AgMission initiative to launch a new funding opportunity for research that could accelerate the adoption of climate-smart agricultural practices.
After making headlines for all the wrong reasons, the impacts of climate change became soberingly clear in 2022. Iggy Bassi, founder and chief executive of climate intelligence company Cervest, asks whether the world is finally ready to start thinking in a connected way about how to act.
BlueOrchard, a member of the Schroders Group and manager of the InsurResilience fund, has provided $5.29 million to Brazilian specialty insurer Newe Seguros, which intends to promote parametric insurance to small-scale farmers in the country to boost food security.
The World Economic Forum (WEF) has succeeded in piloting the use of artificial intelligence (AI) and machine learning technologies to address the emerging wildfire crisis.
The World Wildlife Fund (WWF) has developed a suite of tools to assess biodiversity- and water-related risks for businesses and investors. The release of the tools is timely amid rising awareness of the need to act on natural capital, which supports over 50% of the world’s GDP.
