U.S. Insurers Rank Lowest When It Comes to Climate, Biodiversity
The report found that none of the insurers set biodiversity targets such as around deforestation.
Photographer: florian Plaucheur/AFP/Getty Images
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American International Group Inc., Nationwide Mutual Insurance Co. and Genworth Financial Inc. are among insurers with the worst environmental, social and governance credentials, according to a report from nonprofit ShareAction.
The U.S. companies, together with China’s Ping An Insurance Group Co. and People’s Insurance Company (Group) of China Ltd., received the lowest scores from ShareAction in what it says is the first ranking of global insurers on their approach to governance, climate change, biodiversity and human rights.