… in the insurance and asset management business, AXA had risen to the top ranks in terms of corporate responsibility (CR) as well. In 2014, the French-based insurer led the industry on … that included the Communications function to a newly created department combining the Strategy, CR, and Public Affairs functions together, to further integrate CR into the core … new metrics was a tall order, but would be another step to establishing CR inside AXA. Eventually, the company aspired to produce an “integrated report” that would define the …
… Santam, the leading short-term insurer in South Africa, was actively pursuing a strategy and associated initiatives to build climate change resilience in South Africa. The … Crop insurance provided farmers with a hedge against climate, environmental, and other risks. Around 40% of grain farmers in South Africa purchased hail insurance, the most common … expertise and decades of weather-related data to estimate the frequency of major weather events. It was widely acknowledged that climate change was likely to increase the frequency …
… Standing at water’s edge, Marina Bay Sands (MBS) annually attracted 45 million visitors who came to … center also became the first facility in Southeast Asia to obtain ISO 20121 Sustainable Events Management System certification. Beyond the physical plant, MBS looked to create … In 2013, MBS had started offering a customizable "Green Meeting" package. From five green events in 2013, the program had grown to 142 in 2017, grossing over S$30 million in revenue. …
… to a cleaner, healthier and safer environment." The mission statement had led to a detailed corporate Code of Conduct, and Supplier Code of Conduct, all based on the company’s Vision … and off-road construction and later developing cleaner engines to address new emissions regulations that addressed China's critical problem with air pollution. Steve Chapman, … role as China addressed its environmental issues? What was the appropriate definition for strategy and functional excellence in governmental relations? Were there lessons in the U.S. …
… In the early 2000s, the Federal government of Mexico enacted a series of laws promoting the use of alternative fuels in gasoline, beginning with ethanol … efforts by various government agencies as well as PEMEX, by mid-2014 no ethanol had been incorporated into Mexico's gasoline supply. As Mexican policy makers looked at the country's … demand for gasoline was growing, but the production of crude oil from the country's shallow-water wells in the Gulf of Mexico was decreasing and its deep-water reserves had not yet …
… private capital to clean energy projects in Connecticut. Using transaction enablers and risk mitigants like loan loss reserve funds, interest rate buy-downs, subordinated debt, or … It supported the banking industry in offering standardized products for consumers, and derisked larger stand-alone transactions. But back in Connecticut, trouble was brewing. A … the balance sheet? And if so for how long? What were the political, economic, and climate risks and opportunities of a slower transition? And what trade-offs existed between …
… Council on Climate Change (GC3), a group charged with creating a comprehensive climate strategy for the State of Connecticut. As of September 2016, Garcia remained undecided about a key element of that strategy – nuclear power plants. There were strong proponents and opponents of nuclear … Time to make a decision was getting short. The governor expected the GC3 to unveil its strategy, including a recommendation about Millstone, by early 2017. Equity and Justice …
… carbon and climate change, or they could frame their policy around stranded asset risk, or they could simply make a moral judgment irrespective of utilitarian ends. Each … And hovering in the background was the key question of how any change to their investment strategy would jibe with their fiduciary responsibility to donors? Commonfund faced a … among their university clients as to specific objectives regarding reduction in carbon risk to build a commingled portfolio? Or would it make more sense to have a different …
… the market to the expected degree. Misalignment of incentives and perceived project risk are responsible for this underinvestment. Building owners and tenants do not always … Financial institutions are reluctant to lend when any claim that they might make in the event of a default is junior to the property mortgage holder. This is why the Environmental … Financial institutions are reluctant to lend when any claim that they might make in the event of a default is junior to the property mortgage holder. This is why the Environmental …
… environment with two major sources of uncertainty. First, there were considerable political risks. The U.S.-China trade relationship had sometimes been rocky, and the rapid rise of the … China and the United States and the relationship of the two countries’ currencies, creating risk for any company that paid its workers in renminbi but booked its sales in dollars. Beside general political risks to trade between China and the U.S., there were the specifics of governmental …