Climate change threatens ability of insurers to manage risk Extreme weather is driving up uninsured losses and insurers must use investments to fund global warming resilience, says study ClimateWise, a global network of 29 insurance industry organisations which is convened by the University of Cambridge Institute for Sustainability Leadership, has warned of the urgent need […]
Environment Agency: How risk management authorities can account for climate change within their flood and coastal erosion risk management investment decisions. Risk management authorities must apply this guidance to projects or strategies seeking government flood and coastal erosion risk management grant in aid (FCRM GiA) funding. By following the guidance, risk management authorities will carry […]
WEF Report: A catastrophe caused by climate change is seen as the biggest potential threat to the global economy in 2016, according to a survey of 750 experts conducted by the World Economic Forum. The annual assessment of risks conducted by the WEF before its annual meeting in Davos on 20-23 January showed that global […]
The Economist ‘The asset management industry—and thus the wider community of investors of all sizes— is facing the prospect of significant losses from the effects of climate change. Assets can be directly damaged by floods, droughts and severe storms, but portfolios can also be harmed indirectly, through weaker growth and lower asset returns. Climate change […]
http://www.weforum.org/reports/global-risks-report-2015 The Global Risks Landscape, as defined by the survey, highlights five global risks that stand out as both highly likely and highly potentially impactful (upper right quadrant of Figure 1). Interstate conflict has significantly leaped up both dimensions since 2014, arguably reflecting recent geopolitical conflicts that are fuelling geopolitical and social instability. As last […]
Thanks to Bruce Horton for highlighting this report that puts flesh on the bones of the major international challenges facing the water sector A new WWF report examines the physical, regulatory and reputational risks around water management that UK businesses face, both domestically and internationally. It sets out a water stewardship framework to help businesses […]
Would your business stay afloat? This is a simple guide to some of the easy actions that you can take to make sure that your business is as well prepared as possible for flooding. It tells you how to find out if your business is at risk, the Environment Agency’s flood warning service and what […]
Richard Pagett ‘The Davos World economic Forum has been and gone and produced its traditional set of findings on global risks (http://www.weforum.org/reports/global-risks-report-2015). During the last ten years this annual report has been highlighting the most significant long-term risks worldwide, drawing on the perspectives of experts and global decision-makers. In previous years the reports tended to do the easier, less […]