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Erschienen in:
Law and Environment. Prevention, Control, Responsibility Kapitel lesen Erstes Kapitel lesen

2024 | OriginalPaper | Buchkapitel

Global Governance of the Environment and Implications for the Insurance Industry

verfasst von : Stephen J. Turner, Claire Bright

Erschienen in: Managing Environmental Risks through Insurance

Verlag: Springer Nature Switzerland

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Abstract

The insurance industry has historically had to respond to risks that corresponded to societal developments, changes in industrial practices and international conflict. Existing challenges for business and industry relating to the risks concerning the environment and society represent a new frontier that requires innovation and strategic assessment.
However, there is another dimension to the challenges faced by the insurance industry which is often overshadowed by the immediate nature of impacts upon the environment and society. This is that global environmental governance itself is changing, as are the responsibilities that businesses have in relation to human rights. The expectations of the international community relating to human rights and the environment, through corporate law, WTO law and international investment law are all changing in ways that will have major implications for the insurance sector.
Therefore, it is arguable that the insurance industry should not only be anticipating physical and commercial risks but engaging more proactively with the processes of change in global governance. The reason for this is due to the pivotal leadership role that the insurance industry can potentially play in the design and development of global governance systems that meet the needs of the international community. This chapter maps out the changes taking place in global governance systems and the important role that the insurance industy can potentially play in those processes.

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Vorheriges Kapitel Law and Environment. Prevention, Control, Responsibility
Nächstes Kapitel Environmental Liabilities and Insurance Law in the European Union
Fußnoten
1
Gürses (2020).
 
2
Elderton (1938).
 
3
Hall (1988), pp. 27–43.
 
4
Surminkski (2013), pp. 228–253.
 
5
Wouter Botzen (2013).
 
6
Alexander (2019).
 
7
Speth and Haas (2006) and Kanie et al. (2014).
 
8
Biermann and Pattberg (2012).
 
9
Knox and Pejan (2018).
 
10
Turner (2014).
 
11
UN GA (2022).
 
12
Turner and Bright (2022), pp. 145–165.
 
13
Francioni (2001).
 
14
General Agreement on Tariffs and Trade 1947.
 
15
General Agreement on Tariffs and Trade 1994; Van den Bossche and Prévost (2021).
 
16
Van den Bossche and Prévost (2021).
 
17
Ibidem.
 
18
Agreement on Technical Barriers to Trade 1994.
 
19
Agreement on Sanitary and Phytosanitary Measures 1994.
 
20
Trade-Related Aspects of Intellectual Property Rights 1994.
 
21
Sampson (2005).
 
22
Turner (2009).
 
23
Herdegen (2016).
 
24
Esty (1995).
 
25
Turner (2009).
 
26
Cooreman (2017).
 
27
Esty (2002), pp. 7–22.
 
29
Herdegen (2016).
 
30
Francioni (2001).
 
31
Ibidem.
 
32
Ruggie (2004), pp. 499–531.
 
33
Annan (2001), pp. 19–27.
 
34
Trade-Related Aspects of Intellectual Property Rights 1994.
 
35
Turner (2009).
 
36
Van Ho (2021), pp. 325–334.
 
37
Subedi (2020).
 
38
UNCTAD (2021a).
 
39
Subedi (2020).
 
40
Ibidem.
 
41
Ibidem.
 
42
Cutler (2021), p. 130.
 
43
Pelc (2017), pp. 559–583.
 
44
Ibidem.
 
45
Van Ho (2021), pp. 325–334.
 
46
Yilmaz Vastardis (2020), pp. 617–640.
 
47
Subedi (2020).
 
48
UNCTAD (2021b).
 
49
OECD (1998).
 
50
Doha WTO Ministerial Declaration (2001), paras 20–22.
 
51
UNCTAD (2015).
 
52
Roach (2019).
 
53
Muchlinski (2021).
 
54
Ibidem.
 
55
Ibidem.
 
56
Backer (2021).
 
57
Turner (2014); Turner (2021), pp. 1–31.
 
58
Hannigan (2018).
 
59
Paolini (2014) and Turner (2014).
 
60
Turner (2014).
 
61
Andenas and Wooldridge (2009).
 
62
Turner (2014).
 
63
s. 172 Companies Act (United Kingdom). Available via: https://​www.​legislation.​gov.​uk/​ukpga/​2006/​46/​contents (accessed on 10.05.2023).
 
64
s. 166(2) The Companies Act 2013 (India). Available via https://​www.​mca.​gov.​in/​Ministry/​pdf/​CompaniesAct2013​.​pdf (accessed on 10.05.2023).
 
65
PACTE Law, Loi no 2019–486 of 22 May 2019. The Plan d’Action Pour la Croissance et la Transformation des Entreprises (Action Plan for Business Growth and Transformation) Available via: https://​www.​legifrance.​gouv.​fr/​dossierlegislati​f/​JORFDOLE00003708​0861/​ (accessed on 10.05.2023).
 
66
McCorquodale and Neely (2022).
 
67
Bright et al. (2020), pp. 667–697; Bright and Buhmann (2020), pp. 1–18.
 
68
United Nations Global Compact (2005).
 
69
Ramasastry (2015), pp. 237–259.
 
70
United Nations, Commission on Human Rights (26 August 2003).
 
71
Ramasastry (2015), pp. 237–259.
 
72
United Nations Human Rights Council (2008).
 
73
United Nations Human Rights Office of the High Commissioner (OHCHR) (2011).
 
74
OECD (2011).
 
75
ILO (2017).
 
76
World Benchmarking Alliance (2020).
 
77
German Federal Foreign Office (2020).
 
78
Romão et al. (2018).
 
79
Smit et al. (2020).
 
80
Claire Bright et al. (2020), pp. 667–697.
 
81
Macchi and Bright 2020, pp. 218–247.
 
82
LOI n  2017–399 du 27 Mars 2017 Relative au Devoir de Vigilance des Sociétés Mères et des Entreprises Donneuses D’ordre (1). Available via: https://​www.​legifrance.​gouv.​fr/​affichTexte.​do?​cidTexte=​JORFTEXT00003429​0626&​categorieLien=​id. Accessed on 10.05.2023.
 
83
Savourey and Brabant (2021), pp. 141–152.
 
84
Ibidem.
 
85
Krajewski et al. (2021), pp. 550–558.
 
86
European Parliament (2021).
 
87
Bueno and Bright (2020), pp. 789–818.
 
88
Chambers (2021), pp. 519–578.
 
89
The Hague District Court (2021).
 
90
Bright and Buhmann (2020), pp. 1–18.
 
91
Turner (2021), pp. 1–31.
 
92
Marin and Orsini (2013), pp. 562–589.
 
93
Koskenniemi (2011).
 
94
Turner (2017), pp. 237–257.
 
95
Turner (2017), pp. 237–257; Turner (2021), pp. 1–31.
 
96
Turner (2014).
 
97
Ibidem.
 
98
Ibidem.
 
99
Turner and Bright (2022), pp. 145–165.
 
100
Ibidem.
 
101
Ibidem.
 
102
Ibidem.
 
103
Wouter Botzen (2013).
 
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Metadaten
Titel
Global Governance of the Environment and Implications for the Insurance Industry
verfasst von
Stephen J. Turner
Claire Bright
Copyright-Jahr
2024
Buch
Managing Environmental Risks through Insurance

Print ISBN: 978-3-031-47601-3

Electronic ISBN: 978-3-031-47602-0

Copyright-Jahr: 2024

DOI
https://doi.org/10.1007/978-3-031-47602-0_2

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