Natural disasters

Rescuers race to reach trapped after powerful quake in southern Philippines

23 strong aftershocks have been recorded, with the strongest measuring magnitude 6.7

A poll of Singapore businesses shows the Iran war is fuelling resilience concerns among small and medium-sized enterprises.
ESG INSIGHTS

Issue 197: Singapore launches SME sustainability initiatives; natural disaster protection gap grows

This week in ESG: Climate transition council announces Green 100 movement; uninsured natural catastrophe losses rose to US$424 billion in 2025, Swiss Re finds

The cost of natural catastrophes such as hurricanes and wildfires has continued to rise in recent years.

Natural-disaster insurance gap now exceeds US$420 billion globally: Swiss Re report

At the current pace, insured losses have the potential to hit US$186 billion by 2030

Total global spending on extreme weather, insurance premiums and resilient infrastructure has hit US$13.5 trillion over the past 12 years.

Disaster resilience investment has touched US$100 billion in Asia

Many private equity, venture capital and family offices expect returns of more than 30% on investments, the report finds

Cheryl Goh, group head of marketing, sustainability, loyalty and support at Grab, says: “Education is the most proven pathway to long-term socioeconomic mobility.”
TAKING HEART

Grab boosts GrabForGood Fund with US$3.2 million for giving-back programmes in S-E Asia

In 2026, the company will continue supporting education, community care and disaster relief

The Japan Meteorological Agency's tsunami warning on a TV news report after an earthquake struck the country on Apr 20.

Tsunami hits northern Japan after powerful earthquake

Bullet train services in Aomori were halted due to the tremors

Andreas Berger, group CEO at Swiss Re, warns that a prolonged Iran conflict could lead to more significant disruptions, which the reinsurer is monitoring.

Iran conflict, disaster risks could drive inflation pressures in Singapore, Asia: Swiss Re global CEO

Driven by recent uncertainties, Swiss Re has established a task force to monitor geopolitical hotspots

The policies and rules that govern finance affect how capital moves, what risks are taken and which priorities are funded.
THE BROAD VIEW

Fortifying the role of finance after Indonesia’s floods

When well governed, it can absorb shocks, speed reconstruction and strengthen resilience

Nongovernmental organisations and scientists have long argued that defending nature and biodiversity is a way for companies to protect themselves from risks like extreme heat and flooding.

More than 150 countries agree that focus on GDP harms nature

Nature is in decline worldwide, and levels of natural capital have fallen by nearly 40%