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Global banking regulators agree to prioritise climate risk work

Global banking regulators agree to prioritise climate risk work

by AIP Online Bureau | May 13, 2025 | Banking & Bancassurance, Climate, Environment, Renewable Energy, International News, Policy, Regulation, Risk Management

The oversight body of the world’s forum for banking regulators met on Monday to take stock of the committee’s work on climate-related financial risks and agreed to prioritize efforts to understand financial risk implications of extreme weather events, the Bank for...
Google facing at least €12 Billion in civil claims across Europe

Google facing at least €12 Billion in civil claims across Europe

by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology

The civil suits are linked to a 2017 decision by the European Commission to fine Google €2.4 billion for illegally leveraging its search dominance to give its own shopping service an edge Alphabet Inc.’s Google is facing at least €12 billion ($13.3 billion) in damage...
ESG Review-Course-correction underway among financial firms

ESG Review-Course-correction underway among financial firms

by AIP Online Bureau | May 1, 2025 | Eco/Invest/Demography, International News, Pandemic, Policy, Regulation

The upshot is a broad-based retreat from the environmental and social principles that initially led financial firms to look for hires outside their usual stomping grounds. As a result, many of the climate scientists and campaigners from nonprofits who were hand-picked...
Allianz scraps nuclear, military exclusions to back Europe’s rearmament drive

Allianz scraps nuclear, military exclusions to back Europe’s rearmament drive

by AIP Online Bureau | Apr 1, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

AGI wrote to its clients late last week to advise that its sustainable funds could now buy into companies that earned more than 10% of their revenue from military equipment and services. Germany’s Allianz Global Investors has dropped two exclusions blocking its...
Dismantling DEI- Many businesses in Europe and Asia stand firm on diversity initiatives

Dismantling DEI- Many businesses in Europe and Asia stand firm on diversity initiatives

by AIP Online Bureau | Mar 17, 2025 | Articles, Eco/Invest/Demography, Policy, Regulation, Workplace/Employee Benefits

US President Donald Trump In jurisdictions from the UK and the EU to Australia and Hong Kong — where inclusion measures have primarily focused on gender rather than race — companies are legally required to meet targets for board diversity, gender pay gaps, pay...
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