Climate change risk will have transformative effect on Energy sector, according to Willis Towers Watson
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
Last willis towers watson public limited company - ordinary shares earnings: 4/30 06:01 am
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Source: GlobeNewswire
LONDON, April 16, 2020 (GLOBE NEWSWIRE) -- Climate change and Environmental Social Governance (ESG) will transform the energy industry risk landscape, according to Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking, and solutions company, at the launch of its annual Energy Market Review. Additionally, the recent oil price war and the reduction in demand for hydrocarbons as a result of the current Covid-19 pandemic will also have a significant impact on future energy industry risk management strategies. Environmental Social Governance (ESG) forms the key theme of the report, highlighting that the transition to a low carbon economy requires a fundamental reappraisal of energy company climate risk; the Review shows that achieving a satisfactory ESG rating will be critical in enabling energy companies to attract and maintain the support of key stakeholders in the future. Other key highlights of the report from an insurance market perspective were: Capacity: once
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