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ESG
A United Nations-convened climate alliance for insurers suffered at least three more departures on Thursday including the group's chair, as insurance companies take fright in the face of opposition from U.S. Republican politicians.
The SEC today took a step to clamp down on greenwashing, proposing two major rule changes — one for investment product names and another for ESG disclosures made by advisers and investment companies.
Climate risk, a growing focus for environment, social and governance-minded investors, has morphed into an urgent issue for insurers as wildfires ravage the U.S. and Europe and natural disasters destroy property and cost lives worldwide.