The world’s largest climate finance coalition has spoken out against increasingly aggressive political attacks on ESG, after threats from the Republican party triggered a mass exodus from a sub-alliance for insurers.
“These political attacks are now interfering with insurers’ independent efforts to price climate risk, which will harm policyholders, mainstream investors and local economies,” said a spokesman for the Glasgow Financial Alliance for Net Zero he told Bloomberg.
The comments follow a series of outputs from the GFANZ sub-group, the Net Zero Insurance Alliance. On Thursday, Allianz SE, Axa SA and Scor SE exited the NZIA, following…
