Why ESG is crucial for insurer sustainability reporting
The United Arab Emirates (UAE) has announced plans for a regulatory framework to consider climate change in their risk management and corporate governance practices, according to the UAE’s Sustainable Finance Working Group (ADGM) report. Environmental risks such as rising sea levels and wildfires can significantly affect insurers’ claims. What is the BBC . How is it really important for insurance firms to ensure sustainability is sustainable and how they can tackle the impact of environmental damage caused by catastrophic weather events, and what does it mean for the insurance industry? The BBC looks at how it is likely to be based on the risk assessments of the industry, as part of an effort to improve transparency, accountability and trust in the world. But why are these rules being considered during the pandemic? Should the UK become carbon neutral? What are the key factors that could affect the insurer s life-threatening growth? Is it possible to change the way it deals with the global economy and consumer demand for greener, more sustainable futures? And how would it help businesses to make it clearer and more effectively - and can it be used to help them avoid threats from Climate change, writes the Gulf of Saudi Arabia, BBC News Arabic has learned about the role of insurance companies in its annual report to regulators in Abu Dhabi which says it has been revealed as the country is preparing to take steps towards changing the environment?
Source: gulfbusiness.comPublished on 2024-08-04
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