All the latest research and data, analysed and distilled
Time for insurers to wake up to climate change
Insurers should be paying more attention to the risks posed by climate change, Lloyd’s of London warns. In a new report, the insurance market gives particular attention to the probability of severe flash floods, which could increase by 40% towards the end of this century. Peak river flows could also rise by 10% by 2015, and 30% by 2080. The report, Catastrophe Modelling & Climate Change, draws heavily on the latest conclusions of the Intergovernmental Panel on Climate Change, which talks of “surprising or irreversible” impacts of global warming.
Sustainable supply chains a priority
Supply chain management is becoming an increasing priority, a new study by professional services firm PwC and the Apics Foundation finds. More than three-quarters of operations professionals say their companies will increase their focus on supply chain sustainability over the next three years. More than two-fifths of these reveal they are motivated by cost reduction, while around one-third report environmental improvements as their main driver.
Despite this, however, only 30% of managers say their companies have a comprehensive sustainability strategy for supply chain issues. Among the chief barriers to action are lack of measurable targets and misaligned employee...