Commenting on the vote, Caroline Metz, EU Policy Manager at ShareAction, said:
“Insurers’ investments in climate-damaging fossil fuels have officially been recognised as carrying high risks, marking a significant step forward in the path toward stronger financial regulation. This sends a strong signal to European policymakers about the undeniable link between climate change and financial stability. There is now an urgent need for regulatory change to account for such risks and better protect the planet and its people.
