As the world becomes more aware of the devastating impacts of climate change and accelerates its shift away from fossil fuels to renewable energy, electricity will become the core of our power generation infrastructure.

The sector is the solution to powering the world in a more sustainable way, but it’s also the biggest culprit behind current levels of carbon emissions, accounting for three-quarters of global tonnage, according to the International Energy Agency’s (IEA) ‘Net Zero by 2050’ roadmap report.

Although investors recognise that drastic change can’t happen overnight, the important role utilities will play in the transition means that “they need to be decarbonising at a faster rate than the rest of the economy”, warns Carlota Garcia-Manas, Head of Engagement at Royal London Asset Management (£148 billion AUM).

As well as this, utilities need to be rapidly upscaling their capabilities in order to ensure the “electrification of much of the economy”,...

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Manoj Jethani, Laura Bazer and Rory Callagy discuss the reasons for returning the outlooks for global and US life insurance and global asset management to stable from negative. Plus, James Eck updates us on Puerto Rico’s debt settlements.

Inside this episode: 

Aunque los desaf?os del Covid-19 han centrado la atenci?n en el ?ltimo a?o,la inclusi?n y la diversidad son los pilares para la recuperaci?n y la sostenibilidad de las compa??as.

Desde el primer trimestre de 2020, las urgencias provocadas por la pandemia han centrado la atenci?n de las ?reas de recursos humanos. En particular, la adaptaci?n al trabajo en remoto y el cuidado de la salud de los empleados han mantenido ocupadas a la mayor?a de las empresas en el ?ltimo a?o y medio. La necesidad de resolver estos problemas acuciantes releg? a un segundo plano de la estrategia corporativa cuestiones como la diversidad y la inclusi?n, pese a su vital importancia para la futura sostenibilidad de las organizaciones.

En este momento, las compa??as se encuentran ante la oportunidad de establecer un punto de inflexi?n en este sentido. As? se puso de manifiesto en el encuentro Tendencias en RRHH: Cultura inclusiva, organizado por EXPANSI?N junto a EY Espa?a, que cont? con la...

Alberto Postigo and Alka Anbarasu discuss the threat of climate change to banks’ asset quality. Plus, Megan Fox and Steve Tu talk about the effects on banks and asset managers of the Biden administration’s new executive order on climate-related financial risk, and Sid Ghosh tells us whether businesses around the world can get insurance coverage for disrupted operations during the pandemic.

Inside this episode:

The Covid-19 pandemic presented a raft of new challenges for rating securitizations, as issuers, investors and servicers struggled to understand not just how underlying asset classes would cope but the short- and longer-term implications on cashflows as well as credit risk. Moody’s used the breadth and depth of its global franchise to provide consistent guidance and found new ways to reach out to the market and is our Securitization Rating Agency of the Year 2021.