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The auditor determines the adequacy of the company's insurance coverage (particularly property and casualty insurance) through a review of the company's insurance policies and other research. Among the items that the auditor needs to verify are: the scope of the policy (including any stated exclusions), that the amount of coverage is sufficient ...
Pollution insurance usually takes the form of first-party coverage for contamination of insured property either by external or on-site sources. Coverage is also afforded for liability to third parties arising from contamination of air, water, or land due to the sudden and accidental release of hazardous materials from the insured site.
However, the framework surrounding such reporting is in constant evolution and companies are increasingly challenged by the form, content and process of their sustainability reporting. While this requirement presents multiple opportunities for firms, investors, consumers and all stakeholders, it also creates a number of challenges.
A major environmental group has some strong words for the incoming administration regarding a potential auto emissions regulation rollback. The Center for Biological Diversity pledged to take ...
The New York Times reported in October 2019 that the Trump EPA planned to roll back or eliminate a 2015 limitation on coal-fired power plants releasing heavy metals like arsenic, lead and mercury into water supplies. [245] In April 2020, the administration announced that the EPA had changed the way that they calculate the benefits of mercury ...
SVB’s CEO Greg Becker supported the rollback and explicitly lobbied for its passage, [18] due to the reduced frequency and number of scenarios required for stress testing implemented under the Dodd–Frank Wall Street Reform and Consumer Protection Act for banks with under $250 billion in assets.
Environmental certification is a form of environmental regulation and development where a company can voluntarily choose to comply with predefined processes or objectives set forth by the certification service. [1] Most certification services have a logo (commonly known as an ecolabel) which can be applied to products certified under their ...
Soon after, on 24 November 2011, a Board resolution was passed by the Securities and Exchange Board of India (SEBI), wherein they mandated the top 100 listed companies to report on their Environmental, Social and Governance (ESG) performance through a Business Responsibility Report (BRR), [13]: 2 [14]: 3 [15] which would then form a part of ...