ReportRisk Management

Catastrophe Bonds

Organizations Involved: Environmental Defense Fund Source: Initiative on Climate Risk and Resilience Law Abstract Catastrophe bonds are the most well-known type of ILS to transfer catastrophe risk to capital market investors and the second-largest according to volume. The first catastrophe bonds were issued in the mid-1990s and the market has…
Carolyn Kousky
September 20, 2022
ReportRisk Management

Parametric Insurance for Disasters

Organizations Involved: Environmental Defense Fund Source: Initiative on Climate Risk and Resilience Law Abstract The concept of parametric insurance, while not new, is getting increased attention as a way to provide faster and more flexible funds to victims of disasters and as a tool to provide post-disaster funds for emerging…
Carolyn Kousky
September 20, 2022
Adaptation as Risk ManagementEnvironmental JusticeReportRisk Management

Evaluating Climate Risk in NEPA Reviews: Current Practices and Recommendations for Reform

This report finds that in order to meet the National Environmental Policy Act (NEPA) requirement that federal agencies take a “hard look” at the environmental effects of proposed actions, agencies must consider how the changing weather and environmental conditions brought by climate change might impact an action and alter its…
Financial RegulationRegulatory ActivitiesReport

Public Comments Overwhelmingly Support the US Labor Department Proposed Rule Addressing the Inclusion of ESG Criteria and Proxy Voting in ERISA-Governed Retirement Plans

This analysis of public comments found overwhelming support for the Department of Labor's proposed rule Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights, with 97 percent of comments in favor. The proposed rule affirms the ability of retirement plan fiduciaries to consider climate risk and other environmental,…