A conservative activist group is taking its anti-ESG advocacy Thursday to the doorsteps of businesses in New York that are part of a U.N. coalition of insurance companies dedicated to ending fossil fuel emissions by 2050.
Before Thursday, four major insurance companies — Swiss Re, Munich Re, Zurich Insurance and Hannover Re — had left theclimate alliance since March amid warnings from 23 attorneys general that the companies’ embrace of environmental, social and corporate governance investing known as ESG could be running afoul of U.S. antitrust laws. The elected officials accuse the companies of colluding to raise insurance rates and contributing to inflation and high energy costs.
But that number rose to at least seven by Thursday, with French insurers Axa SA and Scor SE, in addition to
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