ESG Today: Nearly all insurers have set climate transition goals in their investment portfolios, BlackRock survey finds, and more...

Nearly all insurers have set climate transition-related objectives in their portfolios, and most report a growing conviction towards investing in the low carbon transition, with plans to increase allocations in clean energy infrastructure and transition-focused technologies, according to a new survey released by investment giant BlackRock.

The survey found that 99% of insurers globally have set a low-carbon transition objective within their investment portfolios, including 56% that have set a net zero target date. Other key climate-related investment goals that have been set by insurers include year-on-year emissions reduction targets, cited by 52% of respondents, minimum allocations to low-carbon transition strategies by 49%, and temperature alignment by 22%.