Insurer Lloyd's of London inadequate on ESG, report says [Reuters]
Sony Group Corporation American Depositary Shares (SONY)
Company Research
Source: Reuters
members have exposure to fossil fuel projects and weapons, non-profit ShareAction said in a report on Thursday. Lloyd's, one of the world's biggest commercial insurers, is made up of more than 50 member firms, and has some regulatory oversight over them. Its ESG guidance to its members was inadequate, the report said. Lloyd's came third from bottom in a table of 29 global property and casualty insurers for responsible underwriting and investment performance. In a separate tally of 13 large Lloyd's members' underwriting standards, six scored F, the lowest grade. Insurers recorded their performance on up to 30 metrics on issues including whether they have net zero targets, restrict the underwriting of oil and gas or exclude investment in weapons and tobacco. None of the 65 insurers surveyed by ShareAction achieved the top A grade. "The insurance sector is showing less good performance on responsible finance than either our asset management or our European banks benchmarks," Sh
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SONY
Earnings
- 2/15/24 - Beat
SONY
Sec Filings
- 4/12/24 - Form 6-K
- 4/3/24 - Form 6-K
- 3/29/24 - Form 6-K
- SONY's page on the SEC website