The importance of biodiversity for finance, business and policy has been highlighted recently. In particular biodiversity loss could represent a significant and currently unquantified risk. While many studies highlight the overall economic impact that biodiversity loss could have it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities.
The Importance of Biodiversity Risks, Institute & Faculty of Actuaries
This paper highlights the urgent need for actuaries to take into account the importance, perils and impacts of global biodiversity risks. The Biodiversity and Natural Capital Working Party has been set up to take forward a series of activities including think pieces, webinars and external engagement to ensure our proactive engagement with these risks. Download the paper.
“Nature is too big to fail”, PWC & WWF
This document outlines why biodiversity should be considered as part of financial risk processes and sets out a call for action. Download the report.
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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.