Insurance vs Enviro Due Diligence: is sustainability, um.. sustainable?


There is a problem: environmental and economic concerns continue to clash. If unabated, a crisis looms. And insurance is the first battle ground, it seems? Via litigious possibilities. 




Corporate insurance rates are rising due to legal actions related to climate change. In response to the alleged inability of Shell's management and non-executive directors to present a strategy to reduce emissions swiftly, ClientEarth is considering legal action against them. 

Environmental difficulties are "a new and substantial issue," according to David Powell, head of technical underwriting at the Lloyd's Market Association, and are "very much on the agenda of D&O underwriters.

"Insurers are enquiring more about their clients' climate policies and talking about "enhancements" to those policies. 

The Bank of England issued a warning in May that specialised D&O insurance were particularly vulnerable to lawsuits relating to climate change. 

According to Terry FitzGerald, head of financial and professional liability at insurer Liberty Specialty Markets, the risk to businesses has increased as a result of the expanding environmental disclosure obligations for corporations globally.

For hope that insurance and sustainability can be reconciled, via tech? See below! 

Sustainability Roadmap

And: City Maps

Or: Augmented World

And this company, right here, which I have come across in my research.

If you are still reading at this stage then also check out these two:

Airports

Locations

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