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, policymakers 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.

Are you looking for guidance on climate change?

The Sustainability Board curates a climate change resource library with relevant and current information for actuaries.

Board updates

IFoA Climate Change Statement

Read the new IFoA Climate Change Statement.

Sustainability Board 2021/2022 membership:

Board members

  • Sandy Trust (Chair)
  • Lucy Saye (Deputy Chair)
  • Nick Spencer (Immediate Past Chair)
  • John Bayliss
  • Russell Bowdrey
  • Patrick Cleary
  • Bob Collie
  • Shyam Gharial
  • Marcus Hurd
  • Wendy Kriz
  • Amanda Latham
  • Melissa Leitner
  • Neil Mitchell
  • Darko Popovic
  • Thrinayani Ramakrishnan
  • Sara Ronayne
  • Rosalind Rossouw
  • Mike Sher
  • Wendy Walford
  • Gilli Engel - 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 affect 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 is the Practice Board sponsor of the IFoA’s Financial Systems Innovation Centre ( FinSTIC).

Becoming a  Sustainability Volunteer

Would you like to get involved in sustainability and climate issues?  Would you like to gain experience in a rapidly expanding area of expertise that is critical to a sustainable future? 

If you would like to become involved, even just in a small way, please volunteer to join the Sustainability Volunteer Group, and become part of an active community working with the IFoA Sustainability Board. For further details see the details on our volunteer vacancies web page.  

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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Events calendar

  • Spaces available

    Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors.  

  • Spaces available

    Frank Redington is recognised as one of the most influential actuaries of all time. In this talk, Craig will review some of Redington's most important ideas. He will identify the consistent actuarial principles that form a common thread across the contributions Redington made to a broad range of actuarial fields, and will highlight the ongoing relevance of Redington's thinking to 21st century actuarial practice.

  • Spaces available

    The IFoA Mental Health working party look back over their week of blogs and podcasts considering all aspects of the relationship between mental health and life insurance. The expert panel spans adviser, underwriter and actuarial experience and they  explore triggers for purchasing insurance relating to mental health, the various routes to insurance and how these may be more suited to different people depending on their conditions and preferences, the products and processes involved in purchasing these as well as what claims and support are available to policyholders and how to access them.

  • Spaces available

    Part of the 'Finance in the Public Interest 2022' webinar series. If it was ever okay to consider your business in isolation from its surroundings, today it most definitely is not. Thinking about business within its surrounding system is now a necessity. The question we seek to discuss is: How should we prescribe the boundaries in which we consider problems to enable us to create better products and more resilient companies and systems?

  • Spaces available

    What will happen to DC pension savers who see life annuities as poor VFM but still want an income for life?  Pooled annuity funds could offer them a decent lifetime income while reducing significantly the complex choices and risk inherent in income drawdown.  They could be the next generation of CDC pension schemes, slotting into the existing DC framework as a post-retirement option.