The IFoA recognises that environmental issues are fundamental to a responsible business strategy. As an action-oriented, forward-looking global organisation we are committed to adopting sustainable business practices for the benefit of society and to secure the future of the planet.
The IFoA is commited to:
- Integrating sustainability considerations as part of our business decisions
- Reducing waste and minimising our carbon footprint
- Educating, training and motivating our employees, members of the IFoA and, where appropriate, other stakeholders to carry out tasks in an environmentally responsible manner
- Encouraging environmental protection across our suppliers and subcontractors
- Complying with applicable legal instructions and guidelines
- Reviewing and reporting on sustainability performance annually
Some of our main successes to date include:
- Saving trees – through a 50% reduction in printing
- Reducing our travel budget by 10% between 2018 and 2019
- Reducing non-recyclables by stopping plastic promotional goods
- Integrating an environmental weighting in the IFoA’s procurement policy
- Becoming supporters of the Principles for Responsible Investment and the UN’s Principles for Sustainable Insurance
- Embedding environmental issues in the work of our boards and public policy initiatives
To read more about our commitment to sustainability, please view our climate change statement.
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We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”
In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.