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If increasing climate risk traps the company in a cycle of increasing premiums and cancellations, the sustainability of the lines customer base becomes a concern, it reasoned. The challenge follows an SEC decision last month to rescind past guidance, under which the NGO filed climate-related resolutions in 2024 at Travelers and several peers.
On top of that, they will be creating plans to comply as soon as by the 2024 reporting cycle (e.g. As I wrote in my article , the many sustainability frameworks suck companies’ resources and confuse stakeholders. Among investors, sustainableinvesting is evolving from negativescreening toward engaging with companies.
Despite appearances, sustainableinvestments have quietly had a great year. Given the poor performance of green energy stocks and the chorus of opposition against anything viewed as “woke,” it’s easy to get lost in the narrative that the shine has worn off sustainableinvesting. But that’s not what I’m seeing.
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