Octopus Group, Survey, Report, Fossil Fuels, Renewable energy, Ethical Financial, Reinsurance, Insurance, Global Insurance companies plan to pull 21.2 % of their portfolios from fossil fuels investments and increase renewable energy allocations to 10.6 % by 2030 , according to a survey by Octopus Group . It said 63 % of investors felt institutional investors could make a " material difference " in the fight against climate change , while 36 % said their investment decisions were motivated by the positive benefits of investing in climate change insurance . However , the survey also found 50 % of insurance firms lacked sufficient knowledge to invest in renewable energy .
Insurance companies plan to pull 21.2 % of their portfolios from fossil fuels investments and increase renewable energy allocations to 10.6 % by 2030 , according to a survey by Octopus Group . It said 63 % of investors felt institutional investors could make a " material difference " in the fight against climate change , while 36 % said their investment decisions were motivated by the positive benefits of investing in climate change insurance . However , the survey also found 50 % of insurance firms lacked sufficient knowledge to invest in renewable energy .