Willis Towers Watson unveils climate adaptation project in Melanesia intelligentinsurer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from intelligentinsurer.com Daily Mail and Mail on Sunday newspapers.
LONDON, 9 Jun, 2021 - Willis Tower Watson , a leading global advisory, broking, and solutions company, today announced a project under the Global Environment Facility s Challenge Program for. | June 9, 2021
Willis Towers Watson (WTW) has launched Climate Transition Pathways (CTP), an accreditation framework that provides insurance companies and financial institutions with a consistent approach to identify which organisations have robust transition plans aligned to the Paris Agreement. The new
Data availability holding back financial services firms climate transition plans
Research reveals financial companies net zero concerns
Data woes holding back climate transition plans
The lack of available relevant data is the single greatest challenge preventing financial services firms from adequately addressing climate risk, which two-fifths of companies expect to escalate over the next five years, new research suggests.
A survey of 122 banks, insurers, and wealth and asset managements conducted by Willis Towers Watson found that 80% of respondents cited data availability as the biggest obstacle to addressing climate risk, while 75% and 62% cited difficulty in making quantitative assessments and lack of expertise respectively.