Swiss Re leaves Climate Action 100+ (2024)
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Swiss Re has become the latest company to leave Climate Action 100+ (CA100). The insurance company alerted CA 100 in March that it would leave, following other large financial firms like JP Morgan and State Street, according to Responsible Investor:
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Prior to its departure, Swiss Re was listed on CA 100+’s investor signatories page as a 'supporter', which meant it publicly supported the initiative’s goals but did not participate directly in engagements with focus companies. A Swiss Re spokesperson told RI that the insurance giant was streamlining the number of its 'sustainability agreements' in order to 'focus our resources and advance our group-wide sustainability strategy more effectively.' … The climate investor group was rocked in February by the departure of some of its largest members. State Street, PIMCO, Invesco and JP Morgan Asset Management exited the initiative, while BlackRock pulled out its US business.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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