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"The shift to a lower carbon economy is among the greatest challenges of our day and requires all of usour businesses, governments, communities, and individualsto work together to achieve our climate goals," Vince Tizzio, CEO of insurance company AXIS, says in a press release.
A new report from the company, which surveyed more than 600 energy producers, industrial energy buyers, and specialist insurance brokers in the US and UK, finds that 69% of industrial energy buyers expect climate change to affect their company's performance, affecting revenue, costs, and investments, while 47% of energy producers say climate concern is the main reason they're taking proactive steps to transition to a low-carbon economy.
The report also found that 62% of energy producers say they're "somewhat prepared" or "not too prepared" to transition to a low-carbon economy.
The insurance company says it wants to "elevate understanding of the risks and challenges involved in the energy transition" and to "identify how energy industry stakeholders can proactively and collaboratively support businesses on their journeys."
A third of energy producers say the insurance industry hinders innovation due to a lack of comprehensive and multiline coverage.
The report found that 92% of energy producers believe governments and regulatory bodies play a crucial role
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Wendy Freedman, the John and Marion Sullivan University Professor in Astronomy and Astrophysics and the College, received the National Medal of Science.She also led the initiative to build the Giant...more
Press Release: The Community Foundation of Singapore Ushers in a New Era of Philanthropy.Community Foundation Of Singapore marks a new chapter with the launch of a refreshed brand identity, a renewed...more
The Community Foundation of Singapore (CFS) has appointed Mr Paul Tan as Chief Executive Officer, effective 1 April 2025.Outgoing CEO Ms Catherine Loh steps down after 13 years of dedicated...more
Employees can organize giving campaigns or drives, such as collecting diapers, nonperishable food, or personal hygiene products.Employers can also set up a payroll system allowing employees to have...more
Debra Vasilopoulos was surprised with the 2025 Town of Palm Beach United Way Distinguished Citizen Award.The award is the highest honor given by the organization and recognizes individuals who embody...more
The Project Fibonacci Foundation is a dynamic organization dedicated to transforming education and opening doors to innovative opportunities for young minds.By investing in inspiring speakers,...more
Reina Shukl pioneers advanced wellness solutions such as cryotherapy and infrared therapy to enhance recovery, performance, and overall well-being.Shivangi Desai is a leading health and nutrition...more
Foundation: Community Foundation for Southeast Michigan
BridgeDetroit is powered by generous grant support from the Knight, Ford, Skillman, Kresge, Wilson, McGregor, and Hudson-Webber foundations.BridgeDetroit is also supported by the Community Foundation...more
Foundation: North Valley Community Foundation
The Rebuild Paradise Foundation gravel grant program comes after the 2018 Camp Fires that devastated the Butte County community.The grant comes from the Camp Fire Fund and the Donna Muriell Memorial...more
The Fort Myers Beach Community Foundation's biggest night of the year will be this April 12.The fundraiser will feature auctions for some hot-ticket items, including trips to Las Vegas, Nashville,...more
Philanthropy News from...
Community Foundation for Southeast Michigan
North Valley Community Foundation
National Philanthropic Trust
Schwab Charitable
Community Foundation of Grundy County
Broomfield Community Foundation
Tulsa Community Foundation
Parasol Tahoe Community Foundation
Community Foundation of Northwest Mississippi
Hewlett Foundation
Social Entrepreneurship
Spotlight
Doing the Math with Teach for America Teachers
Teach for America is a social venture that hires graduating seniors from some of the most selective colleges and offers them with five-week training courses before unleashing them for a minimum of two years in some of the country’s worst classrooms.
