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Three ways to move a company: A typology of best-practice investor engagement
This research examines three distinct models of investor engagement through case studies of BP, Honeywell and Bâloise. It highlights how financial-materiality framing and structural shifts in stewardship, including the fragmentation of 'Big Three' voters and SEC regulatory changes, are reshaping corporate governance and activist strategies for 2026 and 2027.
Ocean investment protocol: A multi-stakeholder plan to enable funding for the sustainable ocean economy
This report outlines a multi-stakeholder framework to accelerate funding for a sustainable ocean economy. It provides specific recommendations for financial institutions, insurers, and governments to manage systemic risks and mobilise the estimated one trillion dollars in additional finance required by 2030 to meet global climate and biodiversity targets.
First Street Research Library
The First Street Research Library provides transparent, peer-reviewed reports and climate risk data focused on flooding, fire, and heat. It helps finance professionals quantify physical risks and their economic impacts.
Guidebook: Mobilising private sector finance for climate change adaptation
This guidebook provides a structured framework for designing and financing climate change adaptation projects in India. It addresses barriers to private sector participation, offers methodologies for risk and impact assessment, and explores diverse funding mechanisms, including blended finance, green bonds, and catastrophe insurance, to bridge the significant adaptation funding gap.
The age of interconnected risks: How interdependencies are shaping the next generation of systemic crises
This report examines rising systemic vulnerabilities driven by interconnected financial, digital, natural, and socio-economic risks. It highlights the gap between market pricing and actual risk, noting how AI, climate change, and geopolitical fragmentation amplify potential crises. It proposes collaborative monitoring and expanded risk-transfer capacity to strengthen global resilience.
U.S. Fire Weather Historical Trends Data (1973-2025)
A dataset and analysis by Climate Central tracking fire weather trends across the U.S. from 1973 to 2025. It helps users understand the increasing frequency of high heat and low humidity conditions that drive wildfire risk.
Weekly cat report: Review of global catastrophe activity
This series provides a weekly review of global catastrophe activity, covering meteorological events and preliminary financial loss estimates. It tracks natural disasters such as severe convective storms, flooding, and landslides across multiple regions to assist in risk assessment. This report is part of a regular series.
Optimal flood insurance in a second-best world: Fiscal spillovers, reclassification risk and moral hazard
This report evaluates the U.S. National Flood Insurance Program's transition to risk-based pricing. It finds that unintended consequences, such as increased ex post disaster spending and household exposure to climate uncertainty, outweigh moral hazard costs. The authors conclude that an optimal premium subsidy of 52% is required.
SUSREG annual report series
This benchmark series provides a comprehensive assessment of sustainable financial regulations and central banking activities. It tracks progress across global jurisdictions in integrating climate, environmental, and social risks within banking, insurance, and capital markets sectors, supporting the transition towards a net-zero and nature-positive global economy.
Guarantees: From misdiagnosis to strategic deployment: Evidence from expert practitioner interviews
This research examines why climate-aligned guarantees often fail to mobilise private capital effectively. It identifies structural misalignments within multilateral development banks and suggests that strategic deployment requires a move towards portfolio-based approaches, local-currency financing, and better risk layering to address specific investment constraints in emerging markets.
The climate premium on commercial real estate insurance
This report analyses rising insurance costs in the United States commercial real estate sector. It finds that premiums have surged 154% since 2017, driven by climate risk and reinsurance trends. High-risk markets face significant valuation erosion, with multi-family properties particularly impacted by increased financial burdens and pricing volatility.
Ocean investment protocol: 2026 revised draft for consultation: A multi-stakeholder plan to enable funding for the Sustainable Ocean Economy
This report provides a framework for scaling finance towards a sustainable ocean economy. It outlines recommendations for financial institutions, insurers, governments, and central banks to manage risks and capture opportunities. The protocol aims to mobilise the US$1 trillion required by 2030 to protect marine ecosystems and ensure prosperity.
Exploring guarantees for resilient and low-carbon cities: Part 2: De-risking urban climate finance series
This report examines how guarantees can unlock private climate finance for cities. It identifies barriers to uptake in emerging markets, such as high costs and complex structures. Proposed solutions include strengthening governance, standardising products, and expanding regional facilities to mobilise the USD 4.3 trillion required annually by 2030.
Insurers' resilience toolkit: A practical taxonomy of climate adaptation and resilience measures
This research provides a practical taxonomy for the insurance sector to advance climate adaptation and resilience. Analysing over 200 measures, it highlights structural barriers and enabling conditions for scaling initiatives. The report advocates for a shift from post-event compensation towards proactive risk reduction and long-term stakeholder engagement.
Using scenario analysis for future resilience: Top tips for pension fund chairs and trustees
This guide from Accounting for Sustainability supports pension fund chairs and trustees to move beyond simplified climate scenario analysis. It outlines the limitations of current models, provides practical examples from USS, NBIM and APG, and offers six actionable tips to embed scenario insights into strategic decision making.
From climate crisis to insurance crisis: Designing solidarity-based natural disaster insurance
This report examines rising climate-related insurance losses and Germany's lack of comprehensive natural disaster coverage, with only 57% of residential buildings insured against such risks. It analyses international public-private insurance models — particularly France's CatNat system — and recommends a solidarity-based approach alongside measures to hold the fossil fuel industry financially accountable.