Sustainability

Proposals for changes to the regulatory framework on climate change and sustainability

This panel discussion provided an opportunity to hear the views of volunteers who provided expert input and advice on climate change and sustainability issues to the IFoA Regulatory Board in developing its proposals.

Speakers: Matt Saker, President-Elect of IFoA Council chaired the discussion with a panel consisting of Nick Spencer, immediate past Chair of the Sustainability Board; and Wendy Walford, Policy and Regulation co-lead for the IFoA Sustainability Board.

Sustainability Series: Opportunities for Insurers

Customers, regulators, and the wider society that the industry serves are therefore likely to demand that insurance solutions go beyond traditional risk transfer to explicitly address risk mitigation. This panel of experts from across the industry explored the challenges and opportunities posed by climate change that are facing the sector.

Sustainability Series: Climate Justice and Future Generations

How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel assessed and explored the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions.

Sustainability Series: Net Zero: Putting Interventions into Practice

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. With Dr. Emily Shuckburgh, Director of Cambridge Zero, University of Cambridge; Rebecca Willis, University of Lancaster; Marian Elliot, GF, and Chair: Louise Pryor, President of the IFoA

Sustainability Series: What will COP26 mean for investment

A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa. This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate. Panel: Louise Pryor, President of the IFoA, Steve Waygood, Chief Responsible Investment Officer, Aviva Investors, Catherine Howarth, CEO of ShareAction and Mike Clark, Director of Ario Advisory

Sustainability Series: What do developing countries need from COP26?
Developing countries are likely to be the most impacted by climate and the least able to afford its consequences. COP26 President Alok Sharma has said that richer nations must deliver now on long-promised funding to help poorer countries fight climate change. However, the £100bn a year pledge by 2020 (made in 2009) has not been met and the associated commitments no longer look realistic. This first panel session of the series will explore: What do developing countries need from COP26 to make it a tangible success? Is climate finance alone enough? Will the funding that has been pledged be enough for the adaption and mitigation interventions that are required to support the transition of developing nations? Is the developing world leading the way? What role can actuaries in developing nations play to help meet climate targets? What can we learn from those on the ground? This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.

24 June 2020

Finance on Trial Climate Liability Risk and the coming Wave of Legal Challenges

This webinar is intended to raise awareness of the shifting landscape of climate liability risk and what it means for actuaries, including how it impacts on their professional and legal duties. Presentations will cover the legal risks around climate change for investment consultants and actuaries advising DB pension schemes as well as consideration of climate risk for insurers.

Speakers: Nigel Brook, Partner, Clyde & Co, head of reinsurance team, and Global lead on Resilience and Climate Change Risk. Daniel Wiseman, Lawyer, Company and Financial Project at Client Earth. Author of reports on professional liability risks for DB pensions actuaries and investment consultants.

25 June 2020

Climate Risk 101: Perspectives from a scientist, a civil servant and an actuary

Climate change represents a material risk to future financial stability and creates implications for the work, actions and decision making of actuaries. Join us to learn about the science behind global warming and what that means for policy makers and society over the coming decades. We will then look at how the UK Government’s first ever Green Finance Strategy responds to what the science of climate change means for financial services, how we can green the financial system, finance our green priorities and capture the opportunity that a global market for green financial services presents.

Speakers: Dr Rhian Rees-Owen, Senior Climate Science Adviser, Department for Business, Energy and Industrial Strategy, and Ed Hogg, Head of Green Finance, Department for Business, Energy and Industrial Strategy