World May 21, 2023
Heat insurance offers climate change lifeline to poor workers
This form of disaster assistance is on the rise across the developing world, as vulnerable communities are hammered by worsening drought, storms and heat waves.
This form of disaster assistance is on the rise across the developing world, as vulnerable communities are hammered by worsening drought, storms and heat waves.
In interviews, more than a dozen U.S. and European finance leaders were pessimistic the COP27 climate conference in Egypt starting Nov. 6 can make clear progress.
A coalition of 7,000 global companies is calling on the regulators to converge their definitions, terminology and concepts before finalizing the rules later this year.
The funds aim to help plug a large gap in funding for poorer countries struggling to meet the United Nations 2030 Sustainable Development Goals.
Reliable checks on companies' sustainability credentials will take years to develop, auditors have said.
Firms will have to make sure that their suppliers are not using forced labor or child labor, and are not guilty of inadequate workplace health and safety, among other things.
In a market already divided, the attempt to reach a common definition for sustainable investments risk could fragment things further.
Major wins for ESG investors pushing for changes at companies this year included the replacement of three directors at Exxon Mobil.
Built on earlier promises to phase out coal, the policy would stay in line with the science of climate change and be reviewed annually.
Such pressures pose new challenges for the shipping industry, which hitherto largely hasn't been drawn into the center of the coal debate.