But, as reflected in today's headlines, the impact of climate change is significant and affecting corporate decisions--and the lives of ordinary citizens--now. [due to] the effects of climate change." Insurance companies have considerable expertise in assessing risk--and many have now concluded that the risk created by climate change is sufficiently acute to necessitate changes in their business practices. Companies are already beginning to incorporate the impact of climate change, and the risks associated with climate change, into their economic decision-making, as evidenced by these latest publicly-reported decisions by insurance companies. Such a decision raises a pertinent question for certain anti-ESG legislation propounded recently: how can pecuniary impact be segregated from climate change concerns?

Source: New York Times June 01, 2023 21:25 UTC