Extreme Weather

Global Insurance Industry Steps Up to Turn Ocean Risk Into Resilience

21st May 2018
Published under: Enabling Environment

This article was originally published on NewsDeeply. “At the Ocean Risk Summit in Bermuda, experts gathered to advance a new model for how insurance and reinsurance companies can leverage their products and balance sheets to restore marine ecosystems and slow climate change impacts. When Hurricane Irma smashed into the British Virgin Islands last September at speeds… [more]

Insurance Turns to Coral Reefs & Mangroves as Ocean Risks Surge

15th May 2018
Published under: Enabling Environment

This article was originally published on Thompson Reuters Foundation.  “Coral reefs, mangroves and even some fish could soon have their own insurance policies as the industry seeks new ways to boost protection for those affected by the ocean changes wrought by climate change. Warmer sea temperatures have led to more intense storms in the Atlantic… [more]

WSJ: Catastrophe Losses Have ‘All But Wiped Out Profits’ For Reinsurers

14th May 2018
Published under: Why Natural Capital?

This article was originally published on the Wall Street Journal.  “One morning last September, Dwayne Elgin unbolted the front door of his home on the island of St. Martin and gazed upon a wasteland of flipped cars, uprooted trees and flattened homes. Irma, the strongest Atlantic hurricane on record, had laid waste to the Caribbean island… [more]

Mangroves, Mapping & Community Buy-In Help Mozambique Tackle Extreme Weather Events

8th May 2018
Published under: Enabling Environment

This article was originally published on Thompson Reuters Foundation.  “Mozambique not only has one of Africa’s longest coastlines; it is also the final destination for at least nine transnational rivers. That makes it a hostage to geography, says Manuel de Araujo, the mayor of Quelimane, a port city of 450,000 people that lies about 1,000 kilometres (623… [more]

Connecting Finance and Natural Capital: Why We Need A Finance Sector Supplement to the Natural Capital Protocol

23rd April 2018
Published under: Featured

Last year, the Financial Times reported that “the outperformance of ESG strategies is beyond doubt”, and that while this trend is particularly marked in emerging markets, equally impressive results have been recorded globally. They found that numerous indices developed by the leading index provider FTSE Russell, found that companies with policies on ESG often reap returns well… [more]

‘Failing to Address Natural Capital Degradation Poses Risks Not Only to Health & Environment, But Also to Economic Growth, & Political & Financial Stability’ – European Commissioner for Environment, Maritime Affairs and Fisheries

20th April 2018
Published under: Enabling Environment,Featured

This article was originally published on The European Sting. “Environmental risks to the economy cannot be ignored. The 2018 annual Global Risks Report of the World Economic Forum shows that 5 of the top 10 most likely risks are either environmental, or directly linked to environmental degradation. Extreme weather events, climate change, man-made environmental disasters,… [more]