by AIP Online Bureau | Apr 27, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Regulation, Workplace/Employee Benefits
EU lawmakers backed a legal requirement for directors of companies with over 1,000 staff to be responsible for implementing a plan for cutting carbon emissions. Member states will have to set out penalties for breaches European Union lawmakers on Tuesday backed rules...
by AIP Online Bureau | Apr 26, 2023 | International News, Policy, Regulation, Risk Management, Technology
Violations could result in fines worth up to 6% of a company’s annual global revenue — amounting to billions of dollars — or even a ban on operating in the EU The European Commission’s list of very large online platforms is limited to those with at least...
by AIP Online Bureau | Mar 15, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Regulation, Risk Management
The inclusion of insurers marks an expansion of the region’s preparations for the transition of the financial sector. Insured losses from climate change hit about $120 billion in 2022, according to data compiled by Munich Re, and the industry is generally seen as at...
by AIP Online Bureau | Jan 16, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy
The draft rules would cover all products and services sold in the EU, unless they are covered by comparable EU rules. “Green” investment products are already regulated the EU’s taxonomy, a controversial labelling system facing legal challenges from...
by AIP Online Bureau | Dec 14, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Pension & Social Security
Only 14% of pension schemes said they were already using environmental stress-testing in their own risk management, a subgroup that performed better than their peers in the test, EIOPA said. Pension funds across the European Union would lose billions of euros from...
