US EditionGermany’s Munich Re Withdraws From Climate Initiatives
Summary by Arab News
3 Articles
3 Articles
The German reinsurance giant Munich Re announced on Friday by surprise its withdrawal from several major climate alliances, including the Net-Zero Asset Owner Alliance created at the initiative of the UN, a new illustration of the difficulties encountered by so-called sustainable finance.
·Montreal, Canada
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Germany’s Munich Re withdraws from climate initiatives
FRANFURT: German reinsurance giant Munich Re said on Friday it had withdrawn from several climate alliances but insisted that it would keep pursuing green targets independently. It is the latest sign that major firms are going cold on such initiatives, amid concerns about their effectiveness and growing political opposition in the United States and elsewhere. Munich Re said it
·Riyadh, Saudi Arabia
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