Swiss Re plots global exit from coal by 2040

Cecilia Keating
clock • 4 min read
St Mary Axe, known as the Gherkin, Swiss Re headquarters in London | Credit: Wikimedia Commons/Unsplash
Image:

St Mary Axe, known as the Gherkin, Swiss Re headquarters in London | Credit: Wikimedia Commons/Unsplash

Reinsurance giants revs up coal phase-out as it pledges to reduce carbon intensity of equity and corporate bond portfolios by 35 per cent by 2025

Swiss Re has announced it is to phase out thermal coal from its treaty reinsurance by 2040, in a move that has been billed by campaigners as a breakthrough for the global reinsurance industry. The financial...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Investment

'We will be holding companies accountable': How top investors are toughening their line on net zero pledges

'We will be holding companies accountable': How top investors are toughening their line on net zero pledges

Aviva Investors and BMO Global Asset Management are the latest big investment firms to ramp up pressure on corporates to strengthen their climate strategies

James Murray
clock 24 January 2022 • 8 min read
Net Zero Finance Summit returns for 2022

Net Zero Finance Summit returns for 2022

Net Zero Finance Summit to bring together top investors, asset managers, corporates, policymakers, and campaigners this March to explore the challenges and opportunities ahead for the fast-expanding green finance sector

BusinessGreen
clock 24 January 2022 • 2 min read
A mock-up of the Northumberland site | Credit: Britishvolt

'A major boost for Britain': Britishvolt gigafactory project secures government backing

Battery start-up Britishvolt announces it has been awarded an undisclosed sum from the Automotive Transformation Fund in principle, which has helped unlock a further £1.7bn from private investors

Cecilia Keating
clock 21 January 2022 • 2 min read