news - World's insurers failing to achieve climate goals: report

Eighty of the world's largest insurers are failing to take seriously the financial risks posed by climate change, according to a report from the Asset Owners Disclosure Project. Less than 0.5% of assets managed by insurers are in low-carbon investments, and almost no groups have any strategy in place to decarbonise their portfolios. Though a few, mostly European firms are taking climate risks seriously, 90% of the sector's investment strategies are not aligned with the goals set down in the Paris Agreement.

Source: Asset Owners Disclosure Project