May 23, 2022 Earlier this year, the Federal Emergency Management Agency (FEMA) fully implemented the National Flood Insurance Program’s (NFIP) new rating methodology, Risk Rating 2.0: Equity in Action. Currently, the NFIP insures over $1.3 trillion in assets for nearly five million policyholders in over 22,500 communities, making it the…Read More
ESG Initiative News
Updates & Perspectives: Climate Action & the SEC
May 20th, 2022 Sharon Lee Sharon Lee is a senior in the College of Arts and Sciences studying Political Science with a minor in Environmental Studies. In addition to studying political and environmental risk management, she participated in the Risk Center’s Undergraduate Fellowship this year and gained exposure to important…Read More
Archive – Risk Center Media
Risk Center research featured in the news and op-eds by our scholars. Op-EdsPodcastsIn the News 2022202120202019201820172016Op-Eds Cut the root of Russia’s power by making a clean energy transition. The Hill. April 27, 2022. Flood Insurance Finally Acknowledges Climate Change. Brink. June 2021. A Framework to Assess the Role of Insurance…Read More
For This Wharton Course, The Outdoors Is The Classroom
(Outlet: Poets & Quants) – On the students’ first day canoeing along the Potomac River, Gabriella Gibson was charged with ensuring her team made it to the campsite on time, team members were…Read More
Wharton’s Delegation to ClimateCAP 2022
April 4, 2022 By Kailun Yin Kailun Yin is a first-year graduate student from the Environmental Studies program at Penn, who is passionate about energy transition, geopolitics, and the future of sustainable aviation. She is also the graduate assistant for climate and sustainability programming at the Wharton Risk Center and…Read More
Executive Pay Tied to ESG Goals Grows as Investors Demand Action
(Outlet: Bloomberg Law) – Chipotle, McDonalds, Caterpillar, and other companies are increasingly tying executive pay to environmental, social, and governance goals as more investors, regulators, and activists scrutinize corporate behavior.…Read More
14 Social Impact Leaders Receiving Loan Forgiveness Awards in 2022
The ESG Initiative is pleased to announce the 2022 recipients of the John M. Bendheim Loan Forgiveness Fund for Public Service.…Read More
Parametric Hurricane Protection in Dominica: Insights From Initial Adopters
February 11, 2022 By Susanna Berkouwer, Joshua Dean, and Kamen Velichkov Climate change is likely to increase the risk of catastrophic natural disasters, particularly for island nations due to their geography. Dominica, located in the eastern part of the Caribbean, is one such country. In 2017, Hurricane Maria caused an…Read More
The First Multi-Peril Disaster Insurance Product – A Q&A with Darren Wood of Recoop
January 5, 2022 Helen Wiley, interviewer In the face of escalating extreme weather events, having disaster insurance is becoming even more critical for households to secure greater financial resilience. However, few homeowners know that, for example, most homeowner insurance policies do not cover flooding resulting from a natural disaster event.…Read More
Campaign Finance Reform, Corporate Style
(Outlet: POLITICO) – PROGRESS — Campaign finance reform might be dead in Washington, but it’s making progress at the highest levels of corporate America.…Read More