Lloyd's of London falling short on environmental and social targets

Lloyd's community of more than 50 members forms one of the world's biggest commercial insurers. It has some regulatory oversight over them and a report said its ESG guidance to members was inadequate

Lloyd's members have exposure to fossil-fuel projects, said ShareAction. Picture: Simon Dawson

The Lloyd's of London insurance market's environmental, social, and governance standards are weak, as its members have exposure to fossil-fuel projects and weapons, non-profit ShareAction said in a report.

Lloyd's community of more than 50 members collectively forms one of the world's biggest commercial insurers. It has some regulatory oversight over them and the report said its ESG guidance to its members was inadequate.