Hashtag: #ClimateChange

HSBC Embraces ‘Climate Ambition’ For Bermuda

HSBC Bermuda is integrating HSBC’s Climate Ambition into their business considerations and operations and are prioritising “financing and investment in support of the transition to a net zero global economy.” A spokesperson said, “In October 2020, HSBC Group announced its ambitious plan to prioritise financing and investment in... Read more of this article

Climate Change Effect On Overseas Territories

The Marine Climate Change Impacts Partnership [MCCIP] released a ‘Report Card,’ which discusses the “key climate change effects on the coastal and marine environment around the Caribbean and Mid-Atlantic UK Overseas Territories.” The report on the Marine Climate Change Impacts Partnership website said, “There are six UK... Read more of this article

Leaders Announce Support For Climate Initiative

On Earth Day, Bermuda’s business and community leaders are lauding the government’s climate initiative for emphasising environmental responsibility while also encouraging sustainable, equitable growth. “The Government’s efforts, aligned with the goals of the Paris Agreement, consist of four major elements that include: reducing the country’s... Read more of this article

‘Mitigating The Impact Of Climate Change’

“Bermuda is committed to increasing our protection of fragile ecosystem, reducing our carbon footprint and mitigating the impact of climate change,” the Government said today. A Government spokesperson said, “The Cabinet Office today announced, in 2016, many nations across the world entered into the Paris Agreement, pledging to work... Read more of this article

Column: Working Toward A Sustainable Future

[Opinion column written by John Huff] As we celebrate Earth Day, it’s important to remember that every day is Earth Day in the re/insurance industry. Our industry plays a critical role in developing innovative adaptation solutions, in measuring and pricing climate risks to inform risk management, and in providing economic support to people and communities... Read more of this article

‘Increasing Focus On Climate Change Matters’

The Bermuda Monetary Authority said they are ”increasing its focus on climate change matters with the introduction of a regulatory and supervisory team specialising in the licensing and supervision of innovative business model proposals to address climate change risk and the associated protection gap.” A BMA spokesperson said, “The... Read more of this article

Loren Hotel Launches Climate Change Initiative

The Loren Hotel has launched The Loren Roots Initiative, which is described as a “nonprofit with a goal to acquire and regenerate over 50,000 bio-diverse acres of land and plant 10 million hardwood trees to consume at least 10 times the carbon dioxide the property produces.” A spokesperson said, “The striking power and beauty of nature... Read more of this article

BMA Publishes Climate Change Survey Report

“The topic of climate change is a high priority for a broad range of insurance companies, no longer being considered by only a niche sector in the market,” according to a climate change report published by the Bermuda Monetary Authority [BMA]. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] published the results... Read more of this article

EY Aims To Be Carbon Negative In 2021

EY announced a “new goal to be carbon negative in 2021 and net zero in 2025, an integral part of EY’s commitment to sustainability and to create long-term value for all stakeholders.” A spokesperson said, “Following the milestone of reaching carbon neutrality in December 2020, EY will focus on significantly reducing absolute emissions... Read more of this article

NOAA: 2020 Ranks As Earth’s 2nd Hottest Year

National Oceanic & Atmospheric Administration [NOAA] confirmed that “2020 ranked as Earth’s second-hottest year on record, knocking 2019 down to the third hottest.” The organisation said, The average land and ocean surface temperature across the globe in 2020 was 1.76 degrees F [0.98 of a degree C] above average — just 0.04 of... Read more of this article

NASA On Hurricane Season & Amazon Fires

“Warmer than average sea surface temperatures in the tropical North Atlantic Ocean so far in 2020 have set the stage for an active hurricane season and elevated the risk of fires in the southern Amazon,” according to scientists at NASA and the University of California, Irvine. “Variations in ocean sea surface temperatures alter weather... Read more of this article

Webinar On Climate Risk & Resilience Strategies

The Bermuda Business Development Agency [BDA] will be hosting a webinar to discuss the latest developments in climate risk & resilience strategies with leaders from the U.S. A spokesperson said, “The Bermuda Business Development Agency [BDA] will host a special webinar to explore the latest developments in climate risk and resilience strategies... Read more of this article

ABIR To Host Climate Risk Webinar On June 22

The Association Of Bermuda Insurers & Reinsurers [ABIR] will be hosting a Climate Risk Webinar on Monday, June 22 at 11.00am. ABIR said, “Celebrate International Climate Change Day with a Climate Risk Webinar including Bermuda Market Leaders and featuring special guest, Ms. Ekhosuehi Iyahen, Secretary-General, Insurance Development Forum. “The... Read more of this article

Climate Wise: Offset Your Carbon Footprint

Climate Wise is working to “engender mass support to change the direction of the planet’s climate crisis” by taking donations and investing them “in projects which make meaningful and certified change to the environment.” A spokesperson said, “Climate Wise announced the launch of an organisation designed to engender mass... Read more of this article

‘Protecting Our Planet & The Public Purse’

Guy Carpenter has released a new report: Protecting Our Planet & The Public Purse, which highlights how the “risk landscape for public sector entities is changing at an unparalleled rate.” A spokesperson said, “Severe weather events and demographic challenges are putting an increasing strain on government finances, requiring a... Read more of this article

Hashtag: #ClimateChange

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