At COP26 this week, Swedish ICMIF member, Folksam has announced an SEK 1.5 billion investment in developing countries’ climate change and climate adaptation, in collaboration with the European Investment Bank and the Allianz Group. The UN Secretary-General highlighted the Net-Zero Asset Owner Alliance, of which Folksam is one of the founding members, as the “Gold […]
Read More
During COP26 – UN Climate Change Conference’s Finance day (Wednesday 3 November), MARI Oceans, part of ICMIF member the Asia Affinity Group, was featured at the COP Resilience Hub, where a select group of start-ups in emerging markets were able to showcase their innovative adaptation and resilience solutions. MARI voiced the benefits of seaweed for […]
Read More
Swedish ICMIF member Länsförsäkringar AB has announced this week that it has adopted a new climate goal within the framework of its climate-smart vision. The climate goal means that the mutual insurer’s own investment portfolios* and funds must be climate-positive by 2045. Fredrik Bergström (pictured), CEO of Länsförsäkringar AB says: “The goal means that we […]
Read More
This week (2 November 2021), UK-based insurer Aviva has placed a one-page advertorial in the Financial Times (FT) which challenges policymakers and Governments to ‘Turn Talk into Action’ at COP26. Thanks to ICMIF’s collaboration with Aviva Investors (a Supporting Member of ICMIF) and also the Federation’s involvement with the International Panel for Climate Finance (IPCF) […]
Read More
In the lead up to COP26, UK-based specialist insurer and ICMIF member Ecclesiastical has been encouraging brokers to speak to their education clients about managing climate change risks as new research* reveals three quarters (76%) of UK school leaders believe their school is unprepared for the climate emergency. The UN’s IPCC 2021 report warned that […]
Read More
“A unique collaboration” is how Dutch ICMIF member Univé along with partners, cooperative banking group Rabobank and green energy supplier Greenchoice, describe the ambitious plans to take a big step together in the area of sustainable energy in the Netherlands. The goal is to remove harmful asbestos roofs from farms and other business premises, replacing […]
Read More
The Business Council of Co-operatives and Mutuals (BCCM) today called for the Australian cooperative sector to be included in national resilience and recovery planning after their vital contribution to rebuilding communities affected by the 2019/20 bushfires. Just on two years since the outbreak of the deadly fire season, a report released earlier this month by […]
Read More
African Risk Capacity is the first African company to join UN-convened Net-Zero Asset Owner Alliance
ICMIF member African Risk Capacity (ARC) Limited is the first African company to join the UN-convened Net-Zero Asset Owner Alliance. The Net-Zero Asset Owner Alliance was established in 2019 by eight of the world’s leading insurers and reinsurers and is a historic commitment to transition insurance portfolios to net-zero greenhouse gas (GHG) emissions by 2050. […]
Read More
Swedish ICMIF member Länsförsäkringar has announced that its investments in green, social and thematic (“sustainability-oriented”) bonds, on behalf of customers, will reach more than SEK 20 billion in the third quarter of 2021. Since the beginning of 2018, the mutual insurer says that investments have increased tenfold and now correspond to more than 16 percent […]
Read More
The Chair of the International Cooperative and Mutual Insurance Federation (ICMIF) will reveal later today during a high-level UN panel discussion as part of the 76th President of the United Nations (UN) General Assembly, how the Federation’s members are collectively investing some USD 570 billion in responsible investments, such as green bonds, social bonds and […]
Read More