Tag: climate change

The world’s population is predicted to grow to more than 9 billion by 2050 and the Food and Agriculture Organization (FAO) estimates that we will need to produce 60% more food to feed everyone, a huge increase that will undoubtedly take its toll on the planet.

Nearly three quarters (73%) of CEOs believe global economic growth will decline over the next 12 months, according to our 26th Annual Global CEO Survey, which polled 4,410 CEOs in 105 countries and territories in October and November 2022.

During the Climate Change Conference (COP 26), the world witnessed the launch of the global sustainability standard-setter, the International Sustainability Standards Board (ISSB). To meet the demand from international stakeholders, the objective of the ISSB is to provide sustainability-related information that will enable investors to make better economic and investment decisions.

Sustainable societies assume natural resources are finite and aim to practice environmental protection that promotes balance between humans and nature. Adapting sustainability measures can save money in addition to environmental impacts.

Can switching to renewable energy solve climate change? More than 90% of global greenhouse gas (GHG) emissions are now covered under targets set by countries and corporations, after COP26 last year, and more than 700 of the world’s largest corporations have set Net Zero targets.

Parametric development insurance shows real impact on African continent amidst calls for increased climate finance in run up to COP27. Climate finance is a hot topic in the run up to COP27. While Africa waits for developed nations to fulfil their aid pledges, climate financing is making a difference on the continent, but more needs to be done.

The voices calling for sustainable business practices across all industries are growing ever louder and the journey towards ‘Net Zero’ will require everyone across the globe to play their part if we are to successfully combat the risks associated with climate change.

In our 2022 Insurance State of the Market report, we have unpacked key global insurance market trends as well as local trends that are affecting the insurance market in a volatile and unpredictable world.

The insurance industry is still in its infancy when it comes to most environmental, social and governance (ESG) concerns. While there’s much work to be done, I believe the two are a marriage made to last for insurance to meet its mandate to make a meaningful contribution in people’s lives.

Russia’s invasion of Ukraine has opened fault lines between nations which will affect trade relations and investment for years to come. The war in Ukraine is already having a significant effect on inflation and activity in the world economy as commodity prices have soared and supply chains have been disrupted.