The Sustainability Board is made up of senior volunteer actuaries, drawn from a variety of practice areas, with experience or interest in environmental matters. It is the senior committee that advises the Institute and Faculty of Actuaries (IFoA) on important environmental issues.

Goal:

The IFoA Sustainability Board seeks to create meaningful engagement by all actuaries, their clients and wider stakeholders in understanding, and then in addressing, the uncertainties for economic and financial systems arising from climate change and other sustainability issues. The Board seeks to be a centre of expertise and leadership for the IFoA in climate change and other sustainability issues and aims to help identify, educate and raise awareness of the need for such issues to be addressed.

The Sustainability Board will work to meet the above through pursuit of the following key objectives:

Board Objectives

  • Equip current and future actuaries with the knowledge, skills and tools to embed climate and sustainability risks into all actuarial practice;
  • Articulate the potentially cataclysmic systemic risks; engaging with stakeholders, policy makers and regulators to influence them to take the urgently needed financial market and real economy actions;
  • Support actuaries working in specialist sustainability fields in their practice and, in turn, seek to encourage such actuaries to contribute to the ongoing development and understanding of environmental issues within the IFoA;
  • Engage with the IFoA Council, Executive and Management Board to ensure that issues identified by the Board are appropriately recognised and actions are sufficiently prioritised and that the broader strategy of the IFoA is encapsulated within the work of the Board.

Until July 2020, the Sustainability Board was known as the Resource and Environment Board.

Board updates

Sustainability Board 2020/2021 membership:

  • Nick Spencer (Chair)
  • Sandy Tust (Deputy)
  • Simon Jones (Chair - Immediate Past)
  • John Bayliss
  • Patrick Cleary
  • Jihan Diolosa
  • David Ford
  • Joe Kennedy
  • Neil Mitchell
  • Matthew Modisett 
  • Alasdair Mullins-Smith
  • Mark Rothwell 
  • Lucy Saye
  • Briony Shannon
  • Wendy Walford
  • Sarah Neil (Council representative)

The Board operates within a Terms of Reference.

The Sustainability Board is supported by one specialist sub-committee:

The Sustainability Board is dedicated to raising awareness of environmental issues that effect actuaries in various practice areas across the world. 

Many environmental issues have a global impact and the Sustainability Board is keen to work with IFoA members across the world. It also supports the work of the International Actuarial Association Resource and Environment Working Group.

The Sustainability Board builds on the work conducted by the former Resource and Environment Member Interest Group (MIG).  The research and activities that were undertaken by the MIG are now conducted by the Resource and Environment Board. The Board supports a number of working parties, the Sustainable Development Goals MIG and it the Practice Board sponsor of the IFoA’s Financial Systems Innovation Centre ( FinSTIC).

How to join the Sustainability Board

All vacancies arising on Boards and their sub-committees are advertised on our volunteer vacancies web page.  Further information for volunteers, including tips on how to chair a meeting, can be found in the Volunteer Information Pack (VIP).

Contact Details

If you have any questions about a practice area, its working parties, Member Interest Groups or Board and sub-committees, please contact the Communities Team:

professional.communities@actuaries.org.uk

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Start date
E.g., 23/09/2020
End date
E.g., 23/09/2020

Events calendar

  • Asia Conference Webinar Series

    Webinars
    7 September 2020 - 25 September 2020

    Spaces available

    There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia.  The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.

    This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.

     

  • Spaces available

    This free 90 minute webinar is designed to support the IFoA CPD Co-ordinators, and others, involved in supporting our members to achieve their CPD requirements. 

    The programme will include an overview of the new CPD Scheme; specifically sharing with you key messages to support you implement and embrace the new CPD Scheme for our members within your organisation and regional community; how to arrange a reflective practice discussion; and an interactive reflective practice discussion learning exercise.  In addition, delegates will gain information about accessing, and making the most of the IFoA event Toolkits which you can make use of to run your own in-house events and events for regional communities. 

  • Spaces available

    16.00-17.00 GMT+8

    Consumer expectations are changing Insurance. The Royal Commission in Australia, Design Obligations in the UK, the insurtech ecosystem, and digital-first consumers demanding personalised solutions will all revolutionise how insurance looks like in the future.

  • Spaces available

    12.00-13.00 GMT+8

    This presenter / panel workshop hybrid will be anchored by two presentations examining the socioeconomic, medical and technological factors that will have a significant impact on mortality and our pricing over the next 20 years and beyond. It will also discuss whether significant mortality improvement will continue in Asia or whether varying experience of low improvements or deterioration. 

  • Spaces available

    12.00-13.00 GMT+8

    This presentation aims to provides an overview of the reformation of current Chinese regulatory solvency regime, how industry coping with the new normal after pandemic time and how the reformation of the regulation could help the insurance industry gets back on its feet as well as coming back to the “protection” core value for the policyholders. The presentation would include:

  • Spaces available

    16.00-17.00 (GMT+8) | 09.00-10.00 (BST)

    The basic data of China’s 2nd Critical Illness Mortality Table covers 2000+ products in Chinese market, including about 340 million insurance policies and 5.1 million claimants. Presenter will give the audience a general understanding including but not limited to the following contents:

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.