World’s Biggest Green Finance Club Rebukes Political Attacks (1)

The world’s biggest climate finance coalition has spoken out against the increasingly aggressive political attacks on ESG, after Republican Party threats 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, main street investors and local economies,” a spokesperson for the Glasgow Financial Alliance for Net Zero told Bloomberg.

The comments follow a string of departures from the GFANZ sub-group, the Net Zero Insurance Alliance. On Thursday, Allianz SE, Axa SA and Scor SE all walked out of the NZIA, following ...