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Around 70% of economic losses linked to infrastructure damage from natural disasters are uninsured

New data hub offers financial oasis against climate-related hazards

A new global data community aimed at expanding the climate risk adaption strategies for the insurance and investment markets has launched this week (5 June), to protect economic losses incurred through damages to infrastructure during natural disasters.

Election 2017 manifesto matrix: What the parties have said on energy and the environment

It's decision time. Tension is mounting among the green business community ahead of the UK election - but which party offers the most promising green policy approach? Here, edie has rounded up the most important inclusions (and exclusions) from each of the main parties' manifestos into a single, easy-to- read document.

Mark Wilson's company Aviva was the first global insurance group to go carbon-neutral

Aviva chief: It's time to make sustainability a competitive sport

Sustainability should be treated as a competitive sport, driven by public league tables on corporate climate performance to incentivise businesses to strive towards industry climate leadership, Aviva's chief executive has said.

Stairway to success: Further education and support to articulate the benefits of the circular economy is required to encourage widespread adoption

Thinking circular: applying an effective closed-loop model

Ahead of her appearance at edie Live 2017 in May, circular economy expert Catherine Joce explores what it takes to deliver a successful closed-loop product or service, drawing on real-life examples of businesses that are driving the resource revolution.

Finance projects include the first energy-from-waste (EfW) plant to be supported under the Contracts for Difference (CfD) scheme

Barclays delivered £21bn for sustainability projects in 2016

Multinational bank Barclays raised £21.1bn in finance for environmental and societal schemes in 2016 as part of a fresh strategy that focuses on enhancing the sustainability of its business model.

The report found that 80% of the banks are failing to integrate the results of environmental stress tests into decision making processes, despite 70% introducing new stress tests

Major banks failing to align climate strategies to Paris Agreement targets

Despite more than 70% of banks introducing environmental and carbon footprint stress, many are failing to align business and investment strategies in keeping with the 2C pathway scenario established through the Paris Agreement.

Allianz found that 30% of respondents are concerned about new digital hazards, with cyber security ranking as the 2nd highest business concern in the UK and the US

Cyber threats and climate change ranked as key business concerns by Allianz

Climate change and cyber security have been highlighted as two of the major concerns for companies that will be subjected to an increasingly "unpredictable business environment" in 2017, new research from financial giant Allianz has found.

Munich Re’s NatCatService recorded 750 medium and large scale loss events from natural causes in 2016 – significantly above the ten-year average of 590

Less than a third of $175bn natural catastrophe losses covered by insurance

Deadly storms and earthquakes across the globe led to the costliest twelve months for natural catastrophe losses since 2012, with insurers paying out around $50bn to cover just 30% of global losses.

Dalmia Cement joined Swiss Re in becoming the first companies to become members of both the RE100 and EP100 campaigns. Photo: UNClimateChange/flickr

COP22: Major firms lead low-carbon energy drive

The first week of COP22 in Marrakech rounded-off on energy day, with a range of companies demonstrating their commitment to a low-carbon future with pledges to source 100% renewable energy.

Aviva's new rooftop solar systems all qualify for feed-in tariff subsidies, having been registered before the 15 January reduction in tariff rates

Aviva on the road to 100% renewables with rooftop solar investment

Aviva has invested in rooftop solar PV systems across three of its UK sites as part of the investment providor's commitment to use 100% of its electricity from renewable sources by 2025.

Clean energy investment enjoyed its best year ever in 2015 but is still $200bn short of necessary levels

Paris goals will cost $12 trillion, says Bloomberg

More than $12trn will need to be invested in new renewable power generation over the next 25 years to achieve the climate goals laid out in the Paris agreement, according to a new report from research group Bloomberg New Energy Finance (BNEF) and sustainability non-profit Ceres.

The report found the middle class is becomingly increasingly aware of the risks posed to them by climate change

Global middle class can drive climate action, says UBS

The global middle class could hold the key to mobilising climate action, a new report from financial services firm UBS has claimed.

The 180 million tonne saving is approximately five times greater than emissions from the operation of the mobile networks

Smartphones and mobile technology cuts 180 million tonnes of carbon emissions

The use of mobile technology is helping avoid 180 million tonnes of carbon emissions a year in the US and Europe, according to a new report from the Carbon Trust.

Allianz plans to double its exposure to wind energy to about €4bn

€865bn assets in France and Germany pledge coal divestment

Major European financial institutions including the world's largest insurer have this week pledged to reduce their exposure to coal investments and transition towards clean energy.

The Covenant of Mayors 2013 ceremony. Photo: Griet Dekoninck

Cities reluctant to publish climate risk reports

Thousands of cities signing up to the new Covenant of Mayors today (15 October) will submit reports on their vulnerability to climate change to the European Commission every two years - but are under no obligation to make the information public.

Aviva chief executive Mark Wilson committed the company to £2.5bn investment in clean energy

Aviva commits £2.5bn to green investments following climate risk report

Insurance giant Aviva has announced a target to invest £500m every year for five years in renewable energy and energy efficiency.

London businesses are woefully unprepared for the impact of climate change

London's economy facing 'great unknown' on climate risks, warns Assembly

Businesses in London are unprepared for the impacts of global warming and more than half of FTSE 100 companies have no strategy to deal with climate change.

The report's lead author Dr Ana Gonzalez Pelaez argues that as many people as possible need to have access to insurance

Insurance industry 'essential policy instrument' to help those at climate risk

The insurance industry must be utilized to protect citizens at risk from climate change, a new report from the University of Cambridge's Institute for Sustainability Leadership (CISL) has claimed.

Fracking could hurt house prices, health and environment, official report says

Fracking operations to extract shale gas in Britain could cause nearby house prices to fall by up to 7% and create a risk of environmental damage, according to a government report that has been published in full for the first time.

NEF: Improving the use of energy in buildings

Energy management strategies come in all shapes and sizes depending on the organisation. Here, the National Energy Foundation (NEF) explores how to simplify supply chain challenges, change behaviour and make significant energy savings.

Kingfisher: Compliance to Resilience

For companies already driving bottom-line efficiencies and top- line growth through sustainability initiatives, meeting industry standards and complying with government regulations is simply a ‘permission to play’. What happens to an organisation when it goes beyond compliance?

The biggest risk identified by ADOP is that companies like BP and Shell will find their value wiped out and their assets worthless when the world transitions to a low carbon economy

UK pensions funds 'doing nothing' to protect investors from climate risk

UK pension funds could face legal action if they continue to expose their investors to the potentially 'brutal' risks posed by climate change.

Economic losses from natural disasters in the last decade amounted to around $1.9trn while insured losses were about $600bn.

Insurers: Governments must help us prepare for natural disasters

Insurers managing more than $9trn in assets have called on governments around the world to tackle climate change and build resilience to increasingly-common natural disasters.

From 1980 to 2014, there were 178 'weather events' that cost $1bn or more

Hottest year on record 'bad news for business'

As Nasa figures reveal 2014 was the hottest year on record, the World Resources Institute (WRI) says the soaring temperatures will soon have a heavy cost for businesses.

Insured losses from the UK floods alone totalled more than £1bn.

Report: Insurance firms vulnerable to escalating climate risk

A vast majority of the world's major insurance companies are ill-prepared to deal with the increasing risks of climate change, despite facing massive pay-outs if floods, droughts and other extreme weather conditions continue.