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Skanska named an international Leader in Sustainability

Skanska has been named a “Climate Leader” in Europe as the result of a joint initiative between the Financial Times and the data insight company Statista. Existing emissions data from 4,000 companies as well as actions for reducing carbon emissions were reviewed, taking a range of criteria linked to verifiable data into account. Only 10 percent of the companies reviewed qualified for the list.

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The Evidence is clear: the Time for Action is now. We can halve Emissions by 2030.

In 2010-2019 average annual global greenhouse gas emissions were at their highest levels in human history, but the rate of growth has slowed. Without immediate and deep emissions reductions across all sectors, limiting global warming to 1.5 °C is beyond reach. However, there is increasing evidence of climate action, said scientists in the latest Intergovernmental Panel on Climate Change (IPCC) report released.

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Rwanda to host the World Circular Economy Forum 2022

For the first time ever, this year’s World Circular Economy Forum will take place in Africa. WCEF2022 will be hosted jointly by the Republic of Rwanda, the African Circular Economy Alliance (ACEA) and The Finnish Innovation Fund Sitra, with international partners. The main event will be hosted by Rwanda, one of ACEA’s founding members. The announcement was made on the sidelines of the Europe-Africa Business Forum.

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Sales of Zinc with a low Climate Footprint launched

Boliden has started sales of zinc with a low climate footprint. The new product emits less than 1 tonne of carbon dioxide emissions per tonne of zinc, compared with the industry average of 2.5 tonnes. Low carbon zinc will stand for 18 percent of Boliden's total zinc production. 

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Hurricanes, cold Waves, Tornadoes: Weather Disasters in USA dominate natural Disaster Losses in 2021

  • In 2021, natural disasters caused overall losses of US$ 280bn, of which roughly US$ 120bn were insured
  • Alongside 2005 and 2011, the year 2021 proved to be the second-costliest ever for the insurance sector (record year 2017: US$ 146bn, inflation-adjusted) – overall losses from natural disasters were the fourth-highest to date (record year 2011: US$ 355bn)
  • Hurricane Ida was the year’s costliest natural disaster, with overall losses of US$ 65bn (insured losses of US$ 36bn)
  • In Europe, flash floods after extreme rainfall caused losses of US$ 54bn (€46bn) – the costliest natural disaster on record in Germany
  • Many of the weather catastrophes fit in with the expected consequences of climate change, making greater loss preparedness and climate protection a matter of urgency
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Climate Action can lessen Poverty and Inequality worldwide

Climate change disproportionately affects the world’s most vulnerable populations. Not only are these effects compounding and magnify existing inequalities, but the impacts will increase in severity over time, affecting both current and future generations. A new international study shows that the redistribution of revenues from a carbon tax can promote equity and protect marginalized populations.

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COP26 – Global Finance Ministers discuss Transition to Net Zero

  • Finance Ministers gather in Glasgow to discuss mobilising funding for rapid, large-scale climate action
  • Discussions follow new pledges of public climate funding from developed nations at COP26 World Leaders Summit, including significant pledges for climate adaptation
  • Finance commitments for climate mitigation led by new announcement at Leaders Summit of $8.5 billion Just Energy Transition to help South Africa move to clean energy
  • UK Presidency welcomes alignment of $130 trillion of private finance to science-based net zero targets and near term milestones, through the Glasgow Financial Alliance for Net Zero.
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SSAB to attend COP26 in Glasgow

SSAB will attend meetings in conjunction with UN climate talks at COP26 in Glasgow to highlight the importance of an effective framework for industrial transition to support the possibility to reach the UN’s climate change goals.

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Swiss Re sees growing Demand for Insurance Protection, positive Outlook for Premiums

  •  Need for insurance protection is growing, driven by increased exposures, risk awareness and evolving client needs
  • Swiss Re expects non-life insurance premiums 10% above pre-COVID-19 level by the end of 2021 and continued increases in 2022
  • With low investment yields, the industry needs to focus on underwriting results
  • Swiss Re continues to upgrade its data capabilities, focusing on partnerships that help clients tackle evolving loss trends and more complex risks
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