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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...

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African economy  Antarctica  climate change effects  collaborative banking  CR Cheat Sheet  Lloyd's  supply chain management 

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