The world’s oldest insurance market, Lloyd’s of London, is the latest member of the European insurance industry that will divest from coal, beginning in April this year. It will be discussing its new investment strategy at the World Economic Forum Annual Meeting in Davos this week. In November last year, Lloyd’s Corporation said that it would be implementing a coal exclusion policy for assets held in segregated portfolios as of April 1, 2018, as part of its responsible investment strategy. “That means that in the areas of our portfolio where we can directly influence investment decisions we will avoid investing in companies that are involved mainly in coal,” Inga Beale, chief executive at Lloyd’s of London, told the Guardian on Sunday. “Is there more the insurance sector could be doing to help the world transition to a low-carbon economy by choosing sustainable or low-carbon stocks?” Beale added. According to […]