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WMO opens new Regional Office in Singapore

The World Meteorological Organization (WMO) has opened a new office for the Asia-Pacific region in Singapore to improve coordination on hazards ranging from floods to fires and to strengthen meteorological services for rapidly evolving economic sectors such as air and marine transport. The Regional Office is being hosted by the Meteorological Service Singapore (MSS) and will serve as the nerve centre for WMO’s programmes in the region. Continue reading “WMO opens new Regional Office in Singapore”
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Centre for Global Disaster Protection

20 July 2017 – Today, International Development Minister Lord Bates is speaking at a Global Insurance Forum event. He will outline the UK’s partnership with the World Bank and Germany for the Centre for Global Disaster Protection in London that will support the poorest countries to strengthen their disaster planning and get finances in place before disaster strikes so they can better manage the economic impact of emergencies and build their resilience. Continue reading “Centre for Global Disaster Protection”
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Insurance Development Forum Applauds UK and Germany Leadership To Address Disaster Coverage Gap

Government Agencies Commit Support to Build Financial Resilience of Poorest and Most Vulnerable Economies
LONDON, July 20, 2017 – The Insurance Development Forum (IDF), a partnership of the World Bank Group, the United Nations Development Programme, and global insurers, applauds announcements by the development ministries of the United Kingdom and Germany to dedicate support to narrow the disaster protection gap for communities in the poorest countries. Continue reading “Insurance Development Forum Applauds UK and Germany Leadership To Address Disaster Coverage Gap”
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Banks worth $7 trillion pledge to calculate costs of climate risks

TORONTO, July 11 (Thomson Reuters Foundation) – Eleven of the world’s biggest banks pledged on Tuesday to find out how much exposure they have to risks related to climate-change, a move backed by environmentalists who say better information on the costs of global warming will push lenders to transition towards green investments. Continue reading “Banks worth $7 trillion pledge to calculate costs of climate risks”

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Late payment epidemic set to cripple exports as over a third of SMEs left without contracted payment terms

New research reveals more than one in three (38%) UK SMEs receive no payment terms from their customers.
Over half a million businesses give up on exporting due to chronic late payment problem
Long and repeated history of being denied access to working capital has left SMEs in a long-term cycle of despair.
New financing solutions can help break the cycle and will leave SMEs better prepared for leaving the European Union. Continue reading “Late payment epidemic set to cripple exports as over a third of SMEs left without contracted payment terms”

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Final Report: Recommendations of the Task Force on Climate-related Financial Disclosures (June 2017)

TCFD Recommendations Report Launch
The Task Force released its final Recommendations report and supplemental materials on Thursday, June 29, 2017.
The Task Force previously released its draft Recommendations Report in December 2016. The draft report was made available for a 60-day public consultation period. The public consultation period closed on February 12, 2017. A summary of the public consultation findings is available here. Continue reading “Final Report: Recommendations of the Task Force on Climate-related Financial Disclosures (June 2017)”