Tokio Marine to help companies analyze decarbonization costs

New service to predict financial hit from environmental rules

20211018N windmills

Windmill turbines in France: Risks associated with climate change and related regulations have emerged as a key concern for companies. © Reuters

MASAYUKI SHIKATA, Nikkei staff writer

TOKYO -- Tokio Marine and Nichido Fire Insurance will launch as early as fiscal 2022 a service that calculates the financial risks companies could face from environmental regulations abroad, helping businesses better plan their strategies amid a growing global push to fight climate change.

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